We wanted to reach out and share some interesting information that was uncovered in one of the earlier podcast episodes that many of our students and followers found very insightful!

1: Building a strong asset base is an impressive achievement, and now it’s time to explore how to gracefully transition from your regular job to a lifestyle that embraces your newfound asset wealth, albeit with limited cash flow.

2: We shed light on the financial aspect of property development. When purchasing a development site, lenders typically view it as an investment property. To secure financing, you’ll need to demonstrate a deposit and prove serviceability – showing that you can handle the monthly payments.

3: The challenge arises when your regular wage income dwindles, and you increasingly rely on rental returns from your assets. We discuss alternative options like no-doc loans, which require less documentation for serviceability assessment.

Non-bank financiers offer no-doc loans, providing a viable solution for those concerned about serviceability. Although interest rates may be slightly higher, these loans offer flexibility for individuals with limited traditional income sources.

4: Once you’ve secured financing for the initial stages of your property development, such as acquiring the site, we encourage exploring other financing avenues, such as commercial loans, to optimise your financial strategy.

Security is paramount! Owning additional unencumbered properties can enhance your chances of securing a bank loan on more favourable terms, offering you greater leverage as you expand your property development endeavours.

Lastly, we emphasise the importance of consulting with a knowledgeable finance broker. These experts can navigate the complexities of property development, especially when dealing with intricate structures or time-sensitive projects.

We invite you to tune in to our podcast, click here to listen: https://open.spotify.com/show/5g6fic4QaUrte8YoLYt9Rv?si=7d1ccb843a4e4f89

Remember, your path to success is lined with invaluable lessons and transformative experiences. These elements work hand in hand to ensure you keep succeeding in life and enjoy the journey.

Stay tuned for more valuable content coming your way soon! Keep working towards your property goals, stay inspired, and let’s unlock your true potential for property development together!