We just settled on a client’s loan to purchase a property that they will use as an Investment / Holiday Apartment / Air Bnb. We are pretty proud of these clients as I believe this is about the 5th or 6th property they have owned. We say this respectfully, these clients are earning a modest wages but they have made some smart choices, sacrifices and put in the hard work to get where they are today. There is no secret to their property success it’s simple. They bought affordable property and they improved those properties over time to increase its equity and then use that equity to either sell or purchase the next.
We were able to help the clients secure their latest property mainly due to the equity they had built in their existing properties. The next smart choice they made was that they bought this particular property in an area that has excellent rental returns which increase the income we were able to use when submitting the application. We refinanced all their loans and moved to a new lender with a better rate. We were also able to split their loans so they can keep track of what they owe on each property and for ease when it comes to tax time.
Once again if your are willing to make smart choices, a little bit of sacrifice and hard work you can build your property portfolio.
Contact Us we’d love the opportunity to guide you with the finance.