Embarking on a property investment journey? Expanding your property portfolio holds the golden key to a fortified financial future. At...
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WEALTH HUB JOURNAL
The Guide to Amplifying Your Property Investments with Wealth Hub Australia
Web Hub Australia
October 11, 2023
Embarking on a property investment journey? Expanding your property portfolio holds the golden key to a fortified financial future. At Wealth Hub Australia, we’re here to elevate your investment game. Dive into our exclusive insights on how to master the art of acquiring multiple investment properties.
1. Unlock the Power of Your Equity
Your existing home’s equity isn’t just idle value – it’s a potent asset. Tapping into this equity, via avenues such as home-equity loans or equity release, can seamlessly pave the way for your next property venture.
2. Supercharge Your Savings
Your next investment property’s deposit is crucial. Why not channel the rental income from your current investments or delve into side gigs to give your savings that extra boost?
3. Boost Your Borrowing Might
Elevate your financial profile to expand your borrowing horizons. Steer clear of short-lived debts like personal loans, navigate your current liabilities wisely, and trim extraneous expenditures. This strategic approach can substantially raise your borrowing potential.
4. Partner with the Perfect Lender
Comfort may nudge you to stick with your current lender, but sometimes, change brings unexpected rewards. Broaden your horizon, scout the market, and juxtapose offers from a spectrum of lenders to land the best deal.
5. Eye the Underrated Gems
Shift your gaze from the high-ticket properties. Enrich your portfolio by snapping up properties that are wallet-friendly yet promise significant returns. Zone in on budding suburbs ripe with rental growth promise or properties that linger unnoticed due to extended market presence or the seller’s unique situation.
6. Craft Your Loan Strategically
Opting for interest-only payment terms can be a smart play. It not only trims down your repayments but also amplifies tax benefits. A pro tip? Diversify the expiry of interest-only periods across your loans to dodge abrupt repayment surges.
For personalised assistance tailored to your needs, reach out to Wealth Hub Australia today. Our experts await your call! ☀️🏡
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