What Does Your Loan Cost You?

Let’s say that you want to buy a $500,000 property. That means you only need to raise a deposit, which could be as little as $50,000, right? This is the first thing that pops up to many investors’ minds when they look at the cost of the property they want to buy. But when they think a bit harder, they realise that there are so many additional costs involved. It’s like buying a property thinking that you’ll only have to touch it up a bit. …

Types of Property Loans to Consider

In my last email, I talked about the many sources of financing available to commercial property investors. Now, I’d like to get into the types of loans that you can take out if you want to invest. The thing is, a loan can be your best friend or your worst enemy. Choosing the wrong loan is like dealing with the devil – you’ll get what you want, but the price will be too high.  On the other hand, the right loan can make all your …

Finding the Right Source of Finance

In my last email, I promised that I’d tell you more about getting the funding you need for your property. The thing is, many investors see external financing as one road that they’ll take to get the funds they need. When, in fact, there are many different roads, and not all of them will lead to the same results. There are many sources of financing out there, and you need to choose the one that fits your needs and strategy. Right off the bat, I’d …

Good vs. Bad Debt

How do you feel when you hear the word ‘debt’?  I bet that it’s a word that sends a shiver up your spine. You might feel like debt is this prison that you’ll never get out of, no matter how hard you try. Just when you think that you’ll be out, you get more years added to your sentence. It is totally understandable to feel like this. Most people are scared of the word ‘debt’ and really just want financial freedom to live the life …

3 Due Diligence Tips to Follow

If you read my past few blogs, you might be a bit scared of the due diligence process. That’s completely understandable, as due diligence can make you feel like Sisyphus pushing his rock up the hill. Just when you think you’ve got everything in place, the rock comes tumbling down and you have to deal with a bunch of new issues. Look at me bustin out the greek mythology references… some culture must’ve rubbed off on me while I was cruising around  mediterreainian the last …

The Due Diligence Checklist

The other day, I was drinking a coffee in a local cafe after visiting a mate. I looked across the street and saw a marked off area of land. A property was going to get developed. The security fences had all of these wonderful pictures showing what the property would look like upon completion. This got me thinking about the sheer amount of work that it takes to get a project to that stage. Just how much due diligence has to go into projects of …

What a Solicitor Can Do for You

Last week I was giving you some Due Diligence tips… but there are some more things you need to think about. This week I defend the honour of solicitors… it’s not all about divorce and getting sued for offending someone by telling the truth… lol… Solicitors  have other uses as well… …and when it comes to investing in property (regardless of what kind) – you need a good one on your team. While you can already get a ton of valuable information for their memorandum, …

Looking at an Information Memorandum

When it comes to due diligence, you’ll have to do a lot of work to ensure that you’re buying the right property. Luckily, you won’t have to struggle too much. The agent or vendor that you’ll deal with should help you gather most of the information you need to make a smart decision. And the most common way they do this is through an information memorandum, otherwise called an investment report. Basically, a memorandum should contain the majority of the information you need to find …

5 Steps to Buying a Property

No matter your investment strategy, there’s one thing I know for sure: Buying a property is a massive decision. It doesn’t help that commercial properties are generally quite expensive. The last thing you want to do is pour a ton of money into something that won’t get you closer to wealth and freedom. Luckily, buying a suitable property isn’t as complicated as many people think. All you need is a system… which I just happen to have. Specifically, I have five steps that you need …