0:00 by delaying it you're able to have a larger down payment and therefore being 0:05 able to pay it back and not be in a in a massive loan or mortgage for the next 30 years because you you wanted the dream 0:12 home so soon and now you're after tax dollars is the only paying down that debt Financial dependenc Freedom 0:19 Financial picture dependent financially financial future Financial Freedom and wealth Financial Independence get your 0:25 fill Financial Independence and long life 0:31 hello and welcome to another episode of get your bill Financial Independence and long life what better goals could you 0:37 have so today cool people always come on to help us try to meet those two goals and today the person who I have on is 0:44 really cool his name is Victor Lagos and Victor is a distinguished mortgage broker he's a seasoned property investor 0:51 with over a decade of financial Acumen commencing his career at age 19 Victor's 0:57 expertise lies within residential and commercial property Finance smsf property finance and diverse business 1:04 loans and he is also the host of debt to Financial Freedom podcast so he's perfect Victor thank you so much for 1:11 being with us today no worries Christine thanks for having me excited to be here me too and 1:18 it's way early where you are right uh it's not that early it's like 7:14 in 1:23 the morning so thanks for thanks for making it at this time and sometimes I've done podcast at like 5:00 a.m. so 1:30 this is much better well it's only it's 4 4 you know in the afternoon here so 4 1:35 4:14 in the afternoon here so it's still well within my working day 1:41 too so it's good worked out perfectly so Victor we have similar backgrounds we're 1:48 both doing well we both have our that debt debt to Financial Freedom mindset 1:54 and we both use real estate to create that ability to have some Financial 2:01 Security and financial uh passive income coming in or 2:07 practically passive income coming in and I guess the first thing I want to ask you is because a lot of people who do 2:14 Financial Planning and financial literacy and that like anything in the financial realm they don't like real 2:20 estate and I guess it's because they feel like they don't make you know they don't get there whatever on the real 2:26 estate but I love talking to people who feel like real estate is really good valid part of a financial plan and I 2:33 just want you to talk about do you feel like you're a little bit of a going against the grain to some 2:39 to some other people that you meet or is everybody like that you hang out with on board with real estate and loving it and 2:46 do you ever have like those arguments they'll say well real estate I want to be fixing toilets at 2 o'clock in the morning you 2:52 know yeah yeah it's a good question so um you know they always say that in 2:58 America it's a you know the Great American Dream to own your own home but 3:03 in Australia I believe it's actually more ingrained uh to uh to own property 3:10 in Australia it's it's something that's been and it's not just your home it's actually more rentals uh or investment 3:17 properties and I think it's a lot to do with the the rules and regulations that 3:23 are basically saying that property is not a financial product uh and and that's also why Financial advisors uh 3:31 financial planners don't advise on property because they legally can't and 3:37 they also can't get paid for it and then and but at the same time they are 3:42 probably Property Owners themselves so some of them try to help as much as they can without uh risking their licenses 3:51 and without you know trying to do too much predictions and forast around the property but just more high level myself 3:57 I've never been on that side of the uh the financial industry I've always been on the on the lending side debt that's 4:05 why my uh podcast is called debt to Financial Freedom so using Deb to get 4:10 the Financial Freedom right not going from being in debt to being financially free yeah exactly right it's a 4:15 combination because people typically start uh at a young age in debt without any financial literacy education and 4:23 I've heard in the US they can even get you while you're in college and you can get credit cards without having an 4:29 actual working income but just government benefits which is crazy without having any really means of 4:36 paying them back particularly but sure you can get a credit card no problem yeah that's right which is you know I 4:42 got I got a credit card when I was 18 but I was working at least um so I I I 4:47 had to figure it out myself and then as I started working within Financial Services I started to understand more 4:54 and more on the inside you know lending policies wider Banks and Institution 4:59 lend money and obviously a lot it's all profit driven and it's all on the basis of compounding interest um and to a bank 5:08 or a lend or a lender the borrower uh is an asset right uh they 5:14 are Income generating but for the borrower it's a liability because you it's a cost for the money going out so 5:21 it's it's flipped but by having um by having property in the mix that's income 5:27 generating it sort of evens a playing field a little bit you right it gives the borrower the ability to flip the 5:34 debt into an actual asset because now it's linked to something that's 5:39 generating income and usually like we talk about passive income well that income then needs to cover the liability 5:45 which is the mortgage so the bank's happy because their asset is making money for them and then the investor is 5:51 happy because the rental income is paying for that and and some and then some so it's profit hopefully plus some 5:59 for them correct yeah so I love having these types of conversations with people 6:04 because sometimes it's perspective because sometimes people are like oh I don't want to get a lot of debt I don't 6:10 want to be you know paying interest I don't like the the annual percentage rate or the interest rate and then it's 6:16 like but if it's making you money and it's other people's money and you're 6:21 using leverage like hello right exactly where's the downside yeah correct you brought a 6:29 great point when we first started talking about in the states that is the great the American dream is buy your 6:36 house but that's your house right buy yourself a house is it 6:43 so I have my own opinions but I want to hear like your perspective do you feel like it makes sense for a person to be 6:50 renting where they live and then to be spending the money that they would have spent to buy their own house to actually 6:56 have an investment generating vehicle yeah it's a good question because um 7:03 that's exactly what my wife and I did uh to buy this property that I'm currently 7:09 in this is my home office uh and in Australia we have a term for it it's actually called rent 7:15 vesting so so a rent Vestor is exactly that uh rent where you can afford uh 7:21 sorry rent where you'd like to live and buy where you can afford yeah and uh because you get tax benefits by inves in 7:30 in real estate in Australia so while you you may not get all the incentives as a 7:35 firsttime buyer uh you can still benefit because one you've got more capacity to 7:42 borrow especially if you're living with with roommates or your you know in a shared type Arrangement so your rent 7:48 expense is low and then you go and and borrow to purchase uh an investment 7:53 property then you can focus in on an area that's actually more likely to grow 7:59 because there's a there's what's called a property clock so everything is cyclical and different states go up and 8:05 go down at different times so by being able to time the market and not being 8:10 emotionally attached to where you invest you can actually multiply uh your your Capital your your 8:18 actual investment in a very short amount of time because you're being strategic but it but when people try to buy the 8:25 home it's more of an emotional buy they're not really looking they want the numbers too because everybody wants the 8:31 Best of Both Worlds no one wants to buy in an area that goes backwards uh or loses value but you're never going to 8:38 get the best of both worlds you have to focus in one or the other it's like because when you're buying to live in 8:44 you know it it is a liability as much as it may grow it's not earning you income 8:49 uh even if you rent out rooms or or have like a second you know they call it a 8:54 granny flat which is like a small dwelling in in the back um it's still not um optimal and it's it still affects 9:02 your lifestyle when you've got someone living there right the so the dream of being in your own home sometimes has to 9:08 be delayed because by delaying it you're able to have a larger down payment and 9:15 there being able to pay it back and not be in a in a massive loan or mortgage for the next 30 years because you you 9:22 wanted the dream home so soon and now you're after tax dollars is the only thing paying down that debt but by 9:29 investing in uh you know by buying property as an investment uh first while 9:35 you're renting it allows you to then sell down one or two of those properties in the future uh and use those gains as 9:44 your down payment and sometimes I've I've had clients who have literally paid off their mortgages during their working 9:50 career like you know they're only in their 30s and because they've invested in property first while renting or 9:57 living with their with their parents they're mortgage free whereas every other people who got into the mortgage 10:03 to to uh for their home up front are paying a lot of interest and they're 10:08 subject to all the interest rate changes that keep happening so the cost pressures keep adding up and uh and they 10:15 may then have regrets of like why did we buy this place it's too expensive and then they may unfortunately sometimes 10:21 they have to sell it uh because they can't afford it anymore so then their dream is is squashed and then they have 10:27 to sometimes move back in with family or downside significantly or go to an area that they don't actually want to raise 10:33 their kids and yeah it could be quite challenging yeah and I I think that 10:38 people a lot of people do think oh I'll have to get my own living situation sorted first so I'm going to go buy 10:45 myself a house and then I'll try to save some more money for another down payment 10:50 or and then buy an investment property which yeah it's backwards but it's not I 10:55 don't know that it's at least here I don't know that it's really into intuitive for people to think I better get my investment first you know they 11:02 think I'm throwing away this money on rent I could be you know renting someplace that I I could be paying myself right like yeah but then are you 11:10 gonna exactly am I going to be living where I want to be living am I going to be living the life I want to be living 11:15 so I think the problem as well is the the um people don't have enough 11:21 information up front to make better informed decisions because um the whole system is 11:28 designed so people keep borrowing more money and and you know as a mortgage 11:35 broker you know we provide information around the loan to help the customer uh 11:41 make a decision but that's just the loan the loan is linked to a property and the 11:48 property has outgoing costs right holding costs and therefore what I believe 11:55 people need to see um either from the professional that's help helping them or 12:01 themselves take initiative is to create some cash flow calculations and say and 12:08 compare the two right literally say how much is it going to cost out of pocket 12:14 when you count the mortgage and you count all the maintenance and insurances and and then also put in some what's 12:22 called stress testing so just if the interest rate was to increase you know in Australia we don't have you know 20 12:29 year fix rates you know we have like maximum five years so everyone is on a 12:35 floating rate more than more often than not and that can create problems because 12:42 it's hard to foresee what's going to come uh so people see the repayment as it is today uh and then all of a sudden 12:49 it jumps and in the last two years you know it's the interest rate has tripled 12:54 so uh it's it's unaffordable for a lot of people now that was very affordable 13:00 two years ago um so if you then C calculate say if I was 13:06 to make repayments to buy my own home this and not pay rent anymore this is how much it's going to cost me and these 13:12 are some of the variables alternatively if I was to continue where I'm living or rent 13:18 somewhere where the cost is probably a little bit more predictable and is less uh because you're locked into a lease or 13:25 tency agreement and um and there's probably less maintenance too because 13:30 things that repairs and things like that have to be yeah someone else the landlord has to pay for it right the 13:36 owner and then also work out if I was to invest and put that into a property 13:42 that's earning rental income how much is that actually going to cost me is it is it positive cash flow or is it negative 13:49 or is it neutral and if it's negative uh what are the um chances based on today's 13:57 numbers and also you know this gets a little bit more into data and understanding past Trends and certain 14:03 areas that are you know what what the average rate of growth is if you put in the Aver rate of growth and maybe you're 14:10 conservative and dropped that a little bit um and just use today's rental income don't worry about 14:16 increases uh then figure out which one am I better off uh out of pocket and 14:22 then let's just say five years from now or three years five years you know best 14:28 case worst case scenario which is the one that's going to put me in a better financial position compare the two and 14:34 then make an informed decision off of that so I'm in the process of actually building something like that uh so that 14:41 I can offer that to my clients and then also offer that to other mortgage brokers so they can help their customers 14:47 to to make better informed decisions because it's missing in this in the market right now yeah absolutely true 14:53 and there aren't I mean that that's a a conversation that I try to have with 14:59 clients who are thinking of getting started but some people are just they they don't ever actually want to have 15:06 investment income or you they don't actually want to have um you know their own property for investment property and 15:11 stuff like that so it doesn't always work out but I like to try to kind of feel people out and see if they think 15:17 that that's something they'd like to do and if they would consider doing it first um but I know a lot of young 15:24 people now they're living with parents and they're just like no not an option to stay here we got to 15:33 go yeah yeah I I get that too like uh as I said when we my wife and I we were 15:39 renting um in Sydney uh Australia and we were paying 700 Australian dollars per 15:47 week in rent yeah and that was relatively you know um I wouldn't call 15:54 it cheap but it was it was decent considering the location we were in yeah and was a that was an 16:00 apartment but then the rent started going up all around us and more than 16:07 likely it was going to increase to around 850 possibly even 900 wow and and 16:13 that's a lot of money no matter what like that's after tax as well right so you you have to and non non-deductible 16:20 so that's not an you know you're not getting any tax benefit to pay that it's just to live yeah and we had bought a 16:26 property here in Tasmania uh which is in the South it's a small island in 16:32 Australia which was actually much more affordable to purchase when we bought it in 2021 and we had uh tenants paying the 16:41 the rent and that was pretty much enough to cover the the mortgage because we had 16:47 a fixed rate but then we thought about it and we started analyzing what's a 16:52 better decision moving forward to either keep it as an investment and keep renting and allow the rent to increase 17:00 or literally shift and make a CA change and move into the property that was an 17:07 investment and turn it into our home y uh and that's what we decided to do and it's been a bit over a year ago so I 17:15 think that's the the cool thing here and I don't know if it's the same in in the US is that you can start it as a rental 17:22 but you can convert it into a home in the future if it's so if it fits your 17:27 goals and and your lifestyle and you can make it work it's so that's that's what happened for us and and now you know we 17:35 get the we get a home that has a big backyard that's got M you know big rooms 17:41 and and the mortgage is more affordable granted that it was on a fixed rate so it was cheaper now that it's gone to 17:48 floating it's actually um more than what we were paying in rent but now because 17:54 I've been able to operate my business remotely and you know grow it you know we can afford to pay it uh and 18:02 hopefully in the near future we'll be able to afford to pay it off faster so do you think so I I have I'm 18:09 of many Minds about paying off your mortgage because that's you know that Equity you could be work that could be 18:16 working for you right you could do something with that you could buy another investment property with that money uh yes you're living cheaper but 18:22 you're not getting I mean here you get tax benefits for for the interest you get tax benefits you know if you have a 18:28 if you use some of that equity in your primary residence to purchase an investment property you know that's 18:34 that's really putting that money to work in a different way rather than just having you know no mortgage payment I 18:39 don't know what are your thoughts about that so the way that it works here is 18:45 what's called debt recycling so essentially if you pay off your 18:50 home you don't have a mortgage repayment that's linked to the home as a principal 18:57 place of residence right but you can you can access that same money that you paid off and rebor 19:04 it and use it to an investment so essentially it's like you said the equity So you you're essentially 19:10 generating Equity by paying it off and then using that Equity to invest so 19:15 whilst it may not while you're borrowing money again against the home and taking out a mortgage it's not directly related 19:23 to the actual property you're living in now it's related and uh directed to towards an investment 19:30 property and therefore that interest is tax deductible once again um and you can 19:37 essentially borrow 100% now with no down payment you take out the equity for the 19:42 uh for the down payment and then you borrow the rest against the actual investment property so therefore you 19:49 know it's actually a better position to be in because now your money is working for you and the equity is not just 19:56 sitting there dormant doing nothing saying oh right I've paid off my house like so it's great you don't have the 20:02 expense that's a great thing but is it working for you are you earning money from it so can you do that like halfway 20:09 along where you you've got still some money you know your house is worth more than what you have as loan and you can 20:15 take some of that recycle it into another income property before you finish paying it off yeah definitely we 20:22 do that uh that's probably one of the things that I do a lot for for customers 20:27 they want to invest into commercial property um or they want to invest you know into another residential property 20:34 and they've still they're still carrying a mortgage on their home but because the property has increased in value 20:41 sometimes significantly they're sitting on a whole bunch of equity right so what we do is we split the loan so we have 20:48 the main loan which is their home principal and interest and then we split it and we access say up to 80% total so 20:55 let's just look at round numbers if the property is worth a million dollar and they owe um say 21:02 600,000 um that's 60% lvr Lo to Value ratio but in order to extract Equity 21:10 they can go up to 80% and therefore they've got up to 800,000 total lending 21:16 so now they've got 200,000 of accessible equity which they can cash out uh the 21:22 bank will let them release that as cash and they can then use that as a down payment to purchase another property 21:30 yeah excellent is that what you're planning to do with yours uh not in an immediate rush 21:36 because the property unfortunately hasn't uh continued to grow uh 21:42 fortunately as well because I am someone who is you know pretty hungry to grow so 21:47 if it does grow then I'll be trying to find a way to access the money and keep going so uh so really at the moment it's 21:55 it doesn't have as much Equity to to tap into it did initially and and just to to 22:01 let you know part of the story is that it grew the first 12 months over 100,000 22:08 uh we were able to access that Equity again uh immediately and we bought another property in um in another state 22:16 in South Australia in Adelaide and then with essentially no money down 22:22 right the money was coming from the equity um and everything was going going 22:28 along quite well it was it was an upand cominging area and then interest rates started to creep up so then it became a 22:36 I guess a bit of a a cash flow drainer so so then we just thought okay it's 22:43 costing us money now it's not it's no longer passive income now it's negative cash flow yeah so we need to figure 22:50 out is it the right time to sell or should we hang on to it and this is 22:55 sometimes the things that investors have to do is make a decision for the family 23:02 because you know Financial Freedom is a feeling uh more than anything else and 23:07 the more Freer you feel the better you're going to perform uh in your business in your job in your 23:14 career uh and and and then we so that's where because I own my own business and 23:19 it's in that sort of that growth stage I needed to feel freeer and it was if it was draining cash flow from the business 23:26 not allow me to invest it made sense to sell it so instead of keeping it longterm we sold it after 12 23:33 months of owning it bit more than 12 months uh and and because it was um well 23:39 researched uh and timed we timed the market quite well it grew 23:45 $150,000 uh in value in that time so so we were able to use that money to pay 23:51 off of course the original mortgage the equity and a couple of other loans that we had taken out because of the move and 23:58 and what so it actually helped free us up significantly in terms of our outgoing expenses 24:04 so while I don't recommend that anybody enter into to property investing for the 24:10 short term uh still have a long-term Outlook and view you want to make sure 24:16 that if things don't work out and you need to get out in the short term you're still in front yeah so that's that's 24:23 what happened to us so you talk about timing the market and that's sort of a controversial 24:29 thought with people right that you can know what's going to happen you can get into the right neighborhood or you can 24:34 get into the right place at the right time and the cycle and things like that and there is some ability to sort of do 24:42 that I think especially if you have a long-term view but what are your what kind of information or tools do you use 24:49 to feel like you're to feel comfortable that you're investing in the right place at the right time yeah it's a really good question 24:56 and and to be honest I try not to speculate at all uh especially for my 25:02 clients so I never tell them where to invest and show them because that's not my profession and I don't want to take 25:08 on that risk that I tell them and they say he told me to invest here and it didn't work because there's always going 25:13 to be things outside of your control you know government policy immigration 25:19 interest rates you know Co whatever it is right you can't predict that um but 25:26 the cool thing is as as technology is uh advancing and big data is being uh I 25:34 guess uh accessed and available and interpreted by companies then you can 25:42 actually find some of these data providers and use that to your advantage 25:48 by making I guess these types of decisions and saying what's the the I 25:53 guess the upand cominging area that's showing a trend or uh essentially what 25:59 it comes down to is supply and demand so by understanding the markets that have 26:04 got a um limited Supply but an increased de uh demand then there's an opportunity 26:12 there to to catch that uh growth before it's public knowledge because the majority of people don't do this 26:19 majority of people will go and do the inspections and go to auctions and buy 26:25 an emotion right it's it's it's more more more driven by the owner occupied Market than it is the investment because 26:32 the only way property values will grow is if someone's willing to pay above the current market right and the and the 26:38 current market price is based on recent sales if a similar property is sold for certain a certain price that's the 26:47 expected price that a buyer would say I'm going to buy something similar but but because of the The increased demand 26:54 limited Supply and and someone want really having a desire to live in that particular property they're usually 27:00 going to pay above what everyone else has paid paid and and force it upwards right and then others do the same and it 27:07 becomes this this uh you know I guess a compound glor cycle the Glorious cycle 27:14 correct and so there's a company uh one that 27:19 I've been dealing with um recently in Australia and I'm I'm sort of um I don't 27:25 understand enough to tell you how they metrics work but what they they're 27:30 called htag HT a and it's called higher than average growth why I like them is 27:36 that they're a pure SAS company so they're not they look at it unb the data 27:44 unbiased so they'll look at residential property sales data and listings data uh 27:51 across the entire country for the last you know 30 years or so right so they 27:57 can kind of look at and they'll also look at Future things as well like government infrastructure projects um 28:04 you know money that's being invested in certain areas and proximity to certain you know things that are necessary like 28:11 educate like schools um transport uh and things like that 28:17 so when they when they do that they can look historically and say okay in the 28:22 past 20 years or 30 years these these suburbs have had a this many average days on Market Market before properties 28:29 have sold this is um how many listings there are and therefore there's a 28:35 certain amount that they can actually you know make a data informed decision 28:40 if there's not enough sales in that area it's very hard to sort of confidently say that's going to happen again in the 28:46 future um and then based on you know your price point and the the rental 28:53 return you're looking at at receiving you can plug those numbers in and then you can sort of short list the suburbs 28:59 and then it has like a score and that score is where you can say okay it's very high likelihood that this area is 29:06 going to have higher than average growth based on these metrics and then other areas who have a lower score for certain 29:13 for certain reasons so that's that's the best way is for customers to basically 29:21 not hand over the keys to their financial future to someone else and say here tell me where to buy right um 29:28 all listen to someone they always say you know some you know your friend at a barbecue you know tells you the the next 29:36 area the upand cominging area because that's where they invested yeah you know right that's the speculation aspect you 29:42 know when yeah well by the time it gets to the barbecue it's probably too late right that Train's already sailed or the 29:47 ship's already sailed by the time it gets to the barbecue level it's too late same thing with stocks and stuff right 29:55 correct yeah and I know in America you guys have buyers 30:00 agents um and in Australia it's a relatively new industry but it is growing um but I'll 30:08 be honest with you like I did use a buyers agent to purchase in TAS uh in in uh not Tasmania the one in in South 30:15 Australia and they did most of the leg work and the research and negotiation um but I don't actually 30:23 agree with the model I think it pulls power away from the individual to actually make better informed decisions 30:30 and and therefore um um doesn't let them feel confident with what they did 30:37 because at the end of the day they're the ones taking on all the risk right you if you're the investor you're borrowing the money you're taking on the 30:44 mortgage for 30 years you're dealing with all the you know the maintenance things when things break you're replacing things right you're dealing 30:51 with the the tenants and a lot of the time if you have a you know licensed uh 30:56 professional like a property manager you can remove that emotional connection but 31:02 sometimes people do end up self-managing and then they have to deal 31:07 with all the emotions of the tenant when they tell them that they've had a death in a family or they lost their job and 31:12 you know and it could be very emotionally draining when you say okay you don't have to pay rent for the next 31:17 four months exact but you got to pay your mortgage still you got to pay the cost so now you're paying for them right 31:22 exactly to live and then it's very hard to sort of you know then go back and be firm and say look you haven't paid it 31:29 time to go it's as a human being it's never easy conversation to have so right 31:35 you want to distance yourself as much as you can so I guess the reason I mentioned that is that um if you then 31:41 allow somebody else to charge you money you know sometimes you know $20,000 31:47 sometimes more and and they put you in a property they're not going to foresee a 31:52 lot of this right uh you're the one that's committed to this on pay at least 31:58 for the next 30 Years right they get their money and they're done right they and they move on to the next client and 32:04 they'll continue so I think it's better that education is very important in this space this is why podcasting is is great 32:11 um so that people can actually know what they're getting themselves into and be 32:17 prepared for that potential roller coaster that they may may be going on uh 32:24 and is the potential um gains worth you know with the the ride that they're sort 32:29 of you know embarking on so yeah absolutely true so Victor I mean our 32:34 time is like flying by so I want to just ask you is there anything that I didn't ask you that you really want to talk 32:40 about or something that you want to make sure that people take away from our conversation today um I'd say probably a lot has got 32:48 to do with um combination of knowledge and wisdom and knowledge is obviously 32:55 you can gain a lot of it but wisdom will only come through the experience and you know dealing with 33:02 hypotheticals uh can only get you so far uh but if you're actually living in it 33:08 you learn a lot more you know you you you get life experience you get the 33:14 wisdom to actually know what not to do next time and how to help others who are 33:19 on similar Journeys AB so I think it's important that no matter what you don't 33:24 get stuck in analysis paralysis or this wh ifs if you're stuck in what 33:30 ifs I think you eventually you have to pull the trigger and move forward and 33:36 get in on it and and I guess it's important to have a good um support team 33:42 around you uh that can guide you through the the you know the different decisions 33:47 that you might have to make along the way whether it's your your mortgage broker whether it's your your your your 33:53 selling agent your buyer agent your property manager um your accountant your 33:59 lawyer so have a good team around you that you can ask questions to that will guide you who have experience and yeah 34:08 just move forward you know I think it's important jump in but don't just jump in 34:15 without considering a whole bunch of stuff still jump in I think it's the best way to learn experience that's 34:20 great advice Victor I really like the way you you know get your good team get the knowledge all around you and then just do it yeah exactly that's right 34:28 nothing would change you can't you can't expect things to change if you don't change right absolutely um okay awesome 34:35 so Victor we're going to put all the ways if people want to reach you we're going to put all your contact info into the show notes so they can check out 34:42 your website you know connect with you on social media and also maybe are you okay if people want to ask you questions 34:48 and obviously they have to hook into your podcast as well yeah of course yeah you can find the podcast on um on 34:55 YouTube on Spotify and yeah there's a contact details so if they want to reach 35:01 out just for questions not necessarily potential customers um happy to have a 35:07 chat the good thing about Australia is that if you wanted to invest in Australia and you were living in the US 35:12 and had nothing to do with Australia there are actually lenders based here that will lend money to you to buy 35:18 property in Australia awesome granted it can be more expensive more taxes and you 35:23 need to get approval from the government but if you invest well you're still going to be in front and of course you 35:30 make sure that you've got the the income to support uh you know and so that's what my team can help help you do to 35:36 navigate the whole system and if you're interested to learn more reach out and the great thing about investing in 35:41 Australia if you're in the states is it's a great excuse to have a vacation you say I'm going to stay there for at least a month to check out property to 35:48 do all the paperwork and all that good stuff yeah it's it's a super I mean you got to think about these things when 35:54 you're buying your investment property is this a place I want to visit oh 100% I think anytime you're 36:02 buying somewhere else you do want to go check it out it's a it's a pretty big thing where to buy something fully sight 36:08 unseen and never go in there you need to make sure it's real and and also if 36:14 tenants move out and you're able to actually stay in the property for a month that'll be great right exactly 36:19 exactly for sure yeah you get you missing out on the whole idea of investing in my opinion if you don't go 36:24 visit the property hang out try things out you know that's it's a big giant tax write off waiting to happen 36:30 so exactly that's right it's a holiday yeah exactly that's a working holiday 36:36 basically yeah and if you can work on your laptop you can still do other things while you're away as well so 36:42 you're not exactly fully leave yeah yeah awesome thank you so much Victor for being with us it was fun talking to you 36:48 and I appreciate you you know meeting with us in the in the early hours maybe even before you had your 36:53 coffee yeah I had a quick one before this actually to wake me up great it's really great to to be on and 37:00 lovely to meet you Christine and and I'm hope we can have a chat in the future I'd like to learn a little bit more 37:05 about you know what you do and and the market that you're in thanks yeah I it's been a pleasure you know chatting with 37:12 you and stuff and and thank you listeners for listening I know you've loved listening to Victor even if it's 37:17 just only for his cool accent but he also shared lots of great information so right now think about at least five 37:23 people you can share this episode with who are interested in real estate inves Tes ing who want to read and who want to 37:30 hear and learn and who might be interested in listening to Victor's podcast which is cool debt to Financial 37:36 Freedom Debt to Financial Freedom yes and that's yeah right use debt good debt 37:42 think about Robert hiaki so for this episode them Victor will thank you and I 37:47 will thank you and your friends will thank you too and have a wonderful week see you next week 37:53