At Purely Finance, we have more than 70 years combined experience in brokering investment loans and home loans in the Perth area. One thing we can say about almost every large investor we work with now: when they started, they were just like you. They were looking for funding to obtain their first investment property.
Remember, every investor has to find money to get started as a property investor. It isn’t always easy. But it is something you have to do if you want to turn your dreams into reality. Here are a few unexpected sources for “seeding” your first property investment.
Your Home Equity
Your home may have enough equity that you can use it for a down payment. There are many ways we can do this, but the most popular is to refinance your current home loan, taking its current market value into consideration and borrowing what you owe and the amount you need for a down payment and incidentals.
This is recommended now while interest rates are low, but is always a great strategy and one that many large investors used for their first investment properties.
Your Super Fund
As you may know, it is now possible to use a Self Managed Superannuation Fund (SMSF) to invest in real estate. It is important to have a great financial planner to help you with your SMSF, but it is possible to retire early and live the lifestyle you want using your SMSF.
You can also take on partners, either with an SMSF or without, to leverage your money and have plenty for investment property.
Call Purely Finance Today
Call Purely Finance today. We specialise in investment property and financial planning for those who want to use investment property as their vehicle for financial success. If you are going to succeed as a property investor, you need people who specialise in it to give you the support and expertise you need to do it right. To learn more, call (08) 9453 8888.