Podcast 6 – How to use property as a tool to achieve financial goals.
Pod casting from Sydney, Australia – Welcome to Take Control and become the expert in YOUR finances, where You’ll discover sound principals and proven strategies to take your Financial Position to the next level, giving you Complete Control and Certainly in today’s turbulent economic conditions.
– Angela Dye!
How to use property as a tool to achieve financial goals.
- Concept of leverage
- Other people’s money
- Equity growth faster than saving
For More Information Visit: http://www.richmondresidential.com.au/
Here is a small sample of the Podcast content below:
Hi everyone. It’s Angela Dye here. Welcome to our next podcast. Hope you’re enjoying the series so far. Don’t forget, if you have any questions, go to the website and send an email or you can call the office direct.
So Angela, we’ve got our budget in place and our loan structure and everything’s humming along nicely and we’re starting to actually pay off some of the loan and generate some redraw in the loan, some equity in the loan. What do we do now? What’s the next step?
Well, this goes back to our goals and the discussions we’ve had earlier with the particular client as to what it is they want to do. So most of the time, people are looking at, “Okay, now that we have redraw, we’d like to say buy an investment property.” Or some people just want to pay their home off. They’re happy to pay their mortgage off, and if they own their own home, they’re happy chappies. Other people, though, once they see that they can pay their loan off, they then want to start to create a portfolio of property. So we use the redraw to do that. When we get to a level of redraw where we have enough for deposits and costs…