Are you preparing to buy an investment property?
You’ve been thinking about this for a while. It’s a good move and it works in well with your retirement plan and purchasing this property is an important step towards that, but on the other hand you are probably taking on a large amount of debt as well.
Before you take the next step here are some questions to ask yourself,
- How much can I borrow using the equity in my existing home?
- How much am I prepared to ‘top up’ the rental each month?
- Can I really afford this? The bank says I can, so it must be okay…
- What happens if the property is empty for a long period, or interest rates jump up, how long can you cover the costs?
- What do I need to do about tax?
If you don’t have answers to all of these questions don’t worry, we can help.
Welcome to the world of property investment.
House hunting for an investment property is different than buying your own home as the criteria will be different, however it still can still be exciting and frustrating. You find the perfect property and someone else beats you to it, or you can’t quite get the numbers to work.
Then it finally happens, you sign the documents and are given the keys to your new investment. You are now a property investor.
What we can do for you
Our coaching programmes help prepare you for purchasing your investment property. If you are uncertain, we can help you get certainty about your current spending behaviours and help you change those so you feel comfortable with the decision to go ahead with the investment property. We can look at your options from a non-emotive point of view and create various scenarios to help you make decisions about your future financial path.
We help you to reset your money beliefs and behaviours as you transition to being a property investor with additional responsibility for higher levels of borrowings.
We will work with you to teach you the practical skills to help you manage your money effectively based on your change in circumstances.
We will help you build a money plan that works for you without feeling as if you are ‘living on a budget’.
Your next step.
Pick up the phone and give us a call on +64 (0)9 236 0082 or drop us an email with your contact details or click on this link to find a day and time that suits you to have a chat with us – it’s completely free!