Should you use a big deposit of 20%+ when investing in property or a smaller deposit of around 5 or 10%? There are pros and cons to each which we look at in today’s episode.
Property Tools – https://propertytools.com.au
Book a Free Property Strategy – https://onproperty.com.au/strategy
0:00 – Introduction
0:39 – What everyone else says you should do
1:25 – The 4 major considerations
1:56 – 1. Lenders Mortgage Insurance
3:51 – 2. Market Timing (Getting Into The Market Sooner)
5:35 – 3. Risk Profile
8:15 – 4. Cashflow
11:33 – It’s not a clear cut decision
12:46 – What is your strategy/end goal?
Recommended Videos:
May 2020 Update – https://www.youtube.com/watch?v=lTnodAY84Oc
What is Lenders Mortgage Insurance – https://www.youtube.com/watch?v=NZMSfWYnvnA
The 2 Year Strategy – https://www.youtube.com/watch?v=MwqFrrWOtiU
How To Enjoy Saving Money – https://www.youtube.com/watch?v=2G1Va7vM0kI
http://onproperty.com.au/806 – Visit the site for a full transcription and downloadable audio version of this video.
————————-
BOOK A FREE PROPERTY STRATEGY SESSION
HOW TO INVEST IN PROPERTY COURSES AND RESOURCES
https://onproperty.com.au/resources/
————————-
DISCLAIMER No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only;
• We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information;
• We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer;
• The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant;
• The information may not be suitable or applicable to the Listener, Reader or Viewer’s individual circumstances;
• We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.