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Best Fit Home Loans

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24.01.2022 We have you covered..

21.01.2022 Hindsight is wonderful and from my experience, I can count a few times in my life where I should have done something as all the signals were telling me it is the right step to take but I did not trust my judgment. 1) Build a residential property portfolio around 1999. At this time every house in my street would have been cash-flow positive. My conscience was screaming at me to build a property portfolio but the fear of a crash after the Sydney Olympics held me back 2) Buy sh...ares after September 11, 2001. The days after the terrorist attacks saw the world stock markets crash. Every professional long term investor was screaming at people to buy stocks but myself like man others sat on the sideline. 3) Build a house anytime up until about 2006. I met many people who were building a house and then on completion putting $80,000 on to it and selling it immediately. At the time I thought this is just way to easy there must be a catch. There wasn't... I believe right now presents a real opportunity for people to increase their financial position. We now have an environment of incredibly low-interest rates. It just makes absolutely no sense putting excess funds onto the mortgage or leaving considerable equity in your mortgage. Investment returns are superior to the 3% you are getting by making additional mortgage payments. A child could show us this but many people every week still put all their excess funds into their mortgage. If you have a property and would like to see your equity work harder please contact me for an initial consultation on 0402 507 942.

21.01.2022 For those people interested in an investment property.... I have just had a developer contact me looking to clear a few remaining packages. They are offering a $ 10,000-holiday incentive to make this happen. That means you have $10,000 to spend on a holiday to wherever you like.... As an indication, the yield on the property is 5% on standard homes and 6.5% on dual-income homes. Obviously with interest rates at where they are and future rate reductions expected, this is a solid investment. Cash flow positive... These packages are between $468,000 and $590,000 and located in the growth area south of Brisbane. If you would like me to put your details through my property investor software please give me a call on 0402 507 942 or shoot me a message.

16.01.2022 I had a customer come to me today split on deciding whether to withdraw equity from their property and invest in shares or buy an investment property that they could eventually pass to their children. Years ago I definitely would have pointed them towards shares with a leveraged facility but these days the interest rate is very high on those facilities but very low on mortgages. I put their details into my PIA software which gave me quite a surprising result over a ten-year p...eriod. This couple is on $170,000 a year looking at a purchase cost of $500,000. I have used a property growth rate of 6.8%, inflation result of 3% and bank interest rate of 3.5% The results were quite impressive at ten years they had accumulated: Equity $444,092 Income per week $100 New building $6250 in tax deductions That was an incredible result given they are simply using the equity in their property to achieve this and the property is cash flow positive from day one. I have attached their sheet and if you have any questions or wish to run through your own personal scenario. Please call me on 0402 507 942 I often hear experts put that we need a million dollars to retire. I guess someone with equity in their home could potentially purchase two properties and achieve that million in 10-15 years.

14.01.2022 Ask yourself it this a situation you want to be in? Using the equity in your current property or simply being on a cheaper loan rate can reduce your retirement age by years Phone 0402 507 942 to find out how and receive some common-sense information.

11.01.2022 I had some old friends visit me today as they had recently been speaking to advisors about their retirement. The situation is they they have a 700k house with about 100k owing. They really don't want to be forced to sell their home in retirement and don't have a lot of Superannuation. They are heading towards being asset rich but cash poor. Let's see if I can find a reasonable solution over the next few days that does not involve taking out a huge loan to buy an investment pr...operty or increasing risk. 22/09/2019 A very basic solution was created that allows my friends to: 1) Create a 12K per year tax deduction. 2) Earn an additional $18,000 per year. 3) Diversify their current wealth portfolio 4) Have their new investments pay their house off. Do away with the current mortgage payment. 5) Invest the money they were currently using on mortgage payments to contribute towards other investments or Superannuation. $400 per week. 6) Give an additional $1,100,000 at retirement without changing their lifestyle. All of the above can be presented on simple online calculators using historical rates of return. The above solution does not require the purchase of a house land package nor does it require the investment in a high-risk type investment. All clients are required to do at least one session with a licensed financial planner to discuss such areas as investment structure, insurance, and Superannuation. If increasing the amount you have for retirement without drastically changing your lifestyle is something that interests you I encourage you to phone me on 0402 507 942 for an initial consultation.

08.01.2022 We have you covered..

06.01.2022 Ask yourself it this a situation you want to be in? Using the equity in your current property or simply being on a cheaper loan rate can reduce your retirement age by years Phone 0402 507 942 to find out how and receive some common-sense information.

06.01.2022 I now have access to private funding. This is especially good for self-employed who may be struggling to meet the bank's criteria. Please call me on 0402 507 942 with your scenario.

01.01.2022 I had a customer come to me today split on deciding whether to withdraw equity from their property and invest in shares or buy an investment property that they could eventually pass to their children. Years ago I definitely would have pointed them towards shares with a leveraged facility but these days the interest rate is very high on those facilities but very low on mortgages. I put their details into my PIA software which gave me quite a surprising result over a ten-year p...eriod. This couple is on $170,000 a year looking at a purchase cost of $500,000. I have used a property growth rate of 6.8%, inflation result of 3% and bank interest rate of 3.5% The results were quite impressive at ten years they had accumulated: Equity $444,092 Income per week $100 New building $6250 in tax deductions That was an incredible result given they are simply using the equity in their property to achieve this and the property is cash flow positive from day one. I have attached their sheet and if you have any questions or wish to run through your own personal scenario. Please call me on 0402 507 942 I often hear experts put that we need a million dollars to retire. I guess someone with equity in their home could potentially purchase two properties and achieve that million in 10-15 years.