We have helped a lot of small property investors obtain investment loans. Now that the Australian Prudential Regulation Authority (APRA) has forced lenders to cap investment loan growth rates at 10%, it has become more difficult to obtain investment loans. But there is another, less-publicised effect of APRA’s demands on bankers: investment loans now have higher interest rates.
The end result: it is now more important than ever to get every part of property investing right if you want to maximise the income your properties produce. At Purely Finance, we specialise in financial planning and business finance for property investors under one roof. But there are other elements you need for your team to turn your investments into a finely-tuned machine. One of those is a buyer’s agent.
How Buyer’s Agents Maximise Investment Loans
A standard real estate broker and agent are representatives of the seller. Their fiduciary responsibility is to the seller. It is their job to act in the seller’s best interest. But what about the buyer?
Luckily, you can hire a buyer’s agent to represent your interest in the process of negotiating and buying investment property. If the only benefit of buyer’s agents were that they are on your side, they would still be a “bargain.” But a buyer’s agent comes with a lot more benefits than just being on your side.
If you can find a buyer’s agent who specialises in your area, it can give you a huge advantage over fellow investors. Just like the loan brokers at Purely Finance know the ins, outs and daily movings of the loan market, buyer’s agents are involved in the property market every day. If you wanted to have their level of expertise, you would have to view and examine at least 50 to 100 properties on your own.
Call Purely Finance Today
To learn more about investment loans, property investing and how to assemble your team for maximum profit, call Purely Finance today: (08) 9453 8888.