A client came to us needing some advice. They had one mortgage with a chunk of it paid down and were looking to use the accrued equity. They were not sure what they wanted to do, whether to renovate the alfresco area or put in a pool. Or, should they use the equity to buy an investment property?
We sat with them and discussed their long-term goals. After thoroughly reviewing their financial situation we sat with them and devised a property plan that would give the highest returns on their investment. We suggested they invest in a low risk normal residential property, in a growth suburb with or near appropriate infrastructure that tenants value highly.
After finding a suitable property, our clients purchased it, and within two years had enough equity in that property to complete the desired renovations on their own home. They were ecstatic. They are on track to contribute to their retirement nest egg through property investment.
Focus Property Wealth can help with loan structuring, looking forwards to retirement goals as well as provide property reports to help with purchase negotiations. Glenn and his team are personally experienced long term property investors in residential tenanted villas or houses through out Australia.