Back in 2014 I found a beautiful girl and we got married and bought our first home together. We didn’t really know what we were doing but we got their in the end.
Life was good, we were able to keep up with our mortgage repayments while putting a bit extra on the side because we were planning to have a child soon.
Then one day when we were having a family barbecue we got talking about property. Back in my day I bought my first home for $150,000 said my dad and then my father in law said he was in the country so he picked up his first home for $90,000.
I didn’t buy the best house on the street but I bought my first home in 2014 for $450,000 and I thought to myself how much will my child have to pay for their first home? Perhaps I could buy another house now, so I could help them out in the future.
The first time I got lucky with the first home buyers grant taking care of most of my expenses, so I had now idea how much I needed to buy my first investment house.
That’s when I found on Facebook the 5 step action plan to buy your first investment property to get ahead. It gave me the answers and confidence I needed to move on because time was against me.
I learnt all about borrowing capacity and how to increase it which was fantastic because I know knew where I could afford to buy.
I also found out about the extra costs involved with buying a house including lenders mortgage insurance or LMI and stamp duty which I didn’t have to worry about the first time.
Best of all I learnt about different loan types and the true costs of a loan over time. The loan that was right for you two years ago may not be right for you now.
With a little bit of magic from my dream enabler, I was able to restructure my current loan that gave me the added funds to get my investment property sooner than I thought possible.
It was great to finally seeing my tax dollars working for me instead of the government and I was able to supercharge my investment portfolio and it wouldn't be long before I would be able to buy my next property.
Hi I’m Michael Mackenzie and I’m that dream enabler who wrote the 5 step action plan to buying your first investment property to get ahead. You can download it by entering your details below and who knows you might be able to buy your first investment property within the next year, just like Daniel.
At my finance people we have been helping people like Daniel for years and have over 150 five star reviews on google as well as Facebook. Our goal is to finance your dreams today.
I can’t guarantee you the same success as Daniel but I’m sure you will learn a lot and I guarantee it will be worth your time to read to the very end of the 5 step action plan to buying your first investment property to get ahead.
To get similar results to Daniel you need a combined income over $100,000 a clean credit history, over 15% equity in your current house and funds to cover costs for the next purchase.
Diploma of Finance and Mortgage Broking Management
Mortgage & Finance Association of Australia (MFAA) Full Accreditation