It is the great Aussie dream to own one or multiple investment properties by using equity in your current home to help you build wealth.Purchasing investment properties can be a complicated process – this is where Mortgage Corp’s Investment Property Loan specialists can help.
Things to consider when buying an investment property:
- Tax advice
- Loan structure
- Agent appointment for managing tenants
- Insurance for your income and assets
Your Mortgage Corp mortgage specialists will show you all the hidden costs and how you can grow your property portfolio. We will evaluate your current situation and propose your maximum borrowings before reviewing what you can afford. This is significant, as in most cases what you can afford will be different to what the banks will lend you.After we have assessed your personal situation, we also suggest talking to an accountant — we can recommend one of our trusted partners — who can provide up-to-date tax advice.
What to look out for when buying an investment:
- Is it near schools/universities or colleges
- Is near public transport
- What is the average renal return for this area
- What is the past growth of the area
- Any major developments to be announced or under way
- Types of zoning in the area and is there a chance to develop
Your Mortgage Corp loan specialist will help you with most of these questions at the FREE FINANCE SESSION, but more importantly, we will ensure you have the right loan structure and understand your obligations, which may include repayments and an account set up for rent payments and income. Thanks to our years of industry experience and professional tools, many Mortgage Corp clients have started with the right finance structure and built wealth through investment property.
Two common ways to get started in property investment
- Save a deposit or
- Use equity already gained in your current property
After you have received the appropriate tax advice, your Mortgage Corp investment loan specialist will show you how to use your current equity, if available, to help purchase your next property.
Book a Free Finance Solution now with our senior lending specialist Neil Carstairs and get started on building and growing your property empire!
About Mortgage Corp
Based in Mt Waverley, Melbourne, Mortgage Corp specialises in helping successful professionals and property investors access discounted premium rates, minimise loan approval red tape and apply strategic loan structuring for long-term investment success.
Unlike many mortgage brokers that may be able to help you with general loans but simply don’t have the skills, experience or resources to genuinely help property investors maximise long-term wealth, Mortgage Corp loan specialists help investors develop a strategic approach to property investing for long term investment success. Book a FREE Consultation today to discuss your financial goals!