Embarking on your property investment journey can be incredibly rewarding, yet it often comes with questions about where to begin and how to navigate the complexities of financing. At Pathway Finance Solutions, we're committed to equipping you with the knowledge and support you need for this exciting endeavor. Here's a step-by-step guide on how to get started, including the option of using a Self-Managed Super Fund (SMSF) to propel your investment strategy.
Before diving into property investment, take a moment to evaluate your current financial standing. This involves reviewing your savings, income, expenses, and existing debts. Understanding your financial position will help you determine how much you can invest and what types of properties fit within your budget.
If you already own a property, you may have usable equity. Lenders will generally allow you to access up to 80% of the property’s value (this varies by lender), minus what you still owe.
Example
Property Value = $1,000,000
80% of Property value = $800,000
Residual outstanding loan = $400,000
Useable Equity = $400,000
This equity can be a valuable resource, allowing you to access funds for a deposit on your next investment property. By leveraging your existing equity, you can seamlessly enter the investment market without the need to save a traditional deposit. Most banks will only allow you to use 80% of your properties equity
For many investors, using a Self-Managed Super Fund (SMSF) is a powerful strategy for investing in property. Here's how it works:
Once you’ve identified a property or decided to leverage an SMSF, the next step is applying for a loan. Here’s how we can assist you:
After submitting your loan application, the lender will assess your financial information and the property details. Here's what you can expect during this process:
At Pathway Finance Solutions, our commitment to you extends beyond loan approval. We believe in fostering lasting relationships and being a trusted partner in your investment journey.
Click here for more information on our ongoing support and commitment to you.
Starting your property investment journey doesn't have to be overwhelming. With our expertise and personalised support, you can navigate the process confidently and unlock the doors to financial freedom through real estate. Contact us today, and let’s embark on this exciting venture together!
Ready to take the next step in your property investment journey? Contact us today to explore how our dedicated property investment services, including access to pre-purchase development reports, can help you achieve your financial goals and build a prosperous future!
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