Chris Bates

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1,659 appearances 5 recordings 1 series first heard Jun 2021 last heard Dec 2022

Chris Bates’s voice in public audio — every appearance, attributed to the second.

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Australian Finance Podcast · Property investing strategies (advanced) with Chris Bates · 4 Oct 2021 podcast

Because sometimes it doesn't work.

You know, the property might not go up.

You make the negative impact.

gearing, there might be big problems with maintenance and sometimes cheaper properties can very easily overcapitalize and maintenance costs can basically blow all your profit and the repairs, et cetera.

So for this person, I'd probably say maybe not because what they're sort of saying is that they're on a low to medium income.

The amount of money that they potentially can borrow on top of their home may be quite limited.

Andrew Mashman- And the amount of money, you can borrow plus the cash you've got which shouldn't be any cash, because you should be using that cash to pay off your home.

Andrew Mashman- So you should be borrowing every dollar for the investment.

Andrew Mashman- i'd just be interesting to know what to purchase price that they could borrow by for investment property and then that determine the locations, you can look at and.

You know, that might be the apartment markets of capital cities that, you know, and a lot of those have issues, you know, it could be has to go regionally.

It's not even nice, like lifestyle locations that city people want to go to.

It could just be completely regional, you know, towns that no one from the cities are ever going to move to, for example.

So I think you just got to be really careful buying cheaper investment properties.

And I know that sort of sounds elitist and all that stuff, but it's just the reality of the truth.

You know, you take more risk for less reward.

And so for some people like this, I actually think, you know what?

Pay off your home, maximize your super and buy shares, you know, because I'd much rather have a smaller share portfolio that's going to grow long-term, especially if it's negative geared with an equity loan rather than a cheap investment property that doesn't grow and has a lot of risk.

Yeah, so exit strategies probably means thinking about retirement.

So you're probably talking someone in their 50s, 60s, you know, maybe even older, unfortunately, the way the world is.

So, you know, it's a tough one, right?

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