Be smart, be secure
At a glance
If you’re looking for a stable and secure investment, property is a solid option. Far less volatile than other investment strategies, an investment property has the potential to deliver consistent rental returns for years to come. While you may start out with a single property, careful consideration and management of your investments could see you grow this to a full and profitable portfolio with the help of a broker.
When purchasing an investment property, you need to think tactically about where you will buy and the type of person who generally resides in this area. Doing your research and having a clear understanding of the market and the areas where property is most likely to increase in value is essential. When considering your budget and return on investment, it’s not just about your rental returns, you need to factor in ongoing costs also.
Steps To Buying An Investment Property
When considering an investment property, your first port of call should be your finance broker, such as Shak at Star Lending Solutions. We can help you achieve your investment property goals and review your assets and liabilities to determine how much you can borrow, which will, in turn, give you a general idea of your target price range, so you can narrow your property search within your purchase budget.
Just like buying your first home, when purchasing an investment property, it’s essential to budget. If you’re unsure of the best way to budget for an investment property, speak with us and we can help you to get on the right path.
Star Lending Solutions will discuss your plans and circumstances with you to determine what you can afford. We will also provide statutory documentation to initiate the lending process and work out for you what loan products will be appropriate in your circumstances.
Need a lower Interest Rate on your Investment Loan?
Investing in property is a game of finance first.
We work with a lot of investors who come to us 6-12 months before they make a purchase to understand their cash flow positions (current and potential) and discussing analysis of the potential returns for rental income.
We offer complimentary assessment of our clients position to help them gauge the best possible outcome on their investment portfolios.
While competitive interest rates are important, it is also imperative that you have the correct features attached to your loan to suit your strategy – such as an offset account where you can park additional funds for the interim period and utilise them when you require them. This can potentially save you thousands of dollars over the life of your loan.
Interest in advance is another option where you can pre-pay your anticipated interest changes in advance. Contact us to discuss your investment options in more detail.
Equity Release
As the value of your home increases, so does your equity position. Unlocking equity from your home allows you to access large sums of money without having to save dollar by dollar. So if you have a large expense coming up like, buying a new home or investment property, paying for your wedding, holidays, or, you need a new car, an equity release is a brilliant way to make this happen. We start by getting a free valuation on your home to establish how much equity you can access, then we work through a short form application and prepare three of the most suitable lender options for you to choose from. Once you have made your choice of lender, we can lodge the application for approval and organise transfers to your account. Unlocking equity is the quickest and easiest way to access funds for your next big commitment, so click “Talk to an expert” to get the ball rolling.