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017 | Who’s Your Personal Banker?

TPC Ep 17 - Tips

Did you know, to be a great Property Investor…ย 

you need to be great in Finance!ย ย 

This means you need to understand how to access money, and most importantly, understand how to use Leverage.ย 

Yep thatโ€™s right! And to better understand this concept, weโ€™re drilling down into the Borrowing Power pillar, found in our Four Pillars of Mastery framework.ย ย 

In theory, investors are supposed to be thinking 2 properties or loans in advance, whilst setting up their current property.ย ย 

Of course, the reason we said, in theory, is because most investors simply donโ€™t know how to achieve this as they lack the knowledge and experience.ย ย ย 

So, what happens next?ย ย 

Well, unfortunately, they go to the bank hoping that the bank or lender will sort it out for them, but what folks forget is…the banker works for the bank!ย ย 

Bankers typically donโ€™t have the capacity to conduct a thorough analysis of all investors’ loan strategies and structures. Itโ€™s kinda like going to the GP and asking them to perform knee surgery (not safe or practical!)ย ย 

Thatโ€™s why in todayโ€™s episode weโ€™re discussing how to maximise your leverage, the difference between cross-securitisation to stand alone lending (Hint: you should definitely avoid 1 of them)…ย 

AND why you should choose a specialist over generalist EVERY TIME.ย ย 

Weโ€™re also looking at the strategy and structure behind good lending and who your personal banker should be!ย ย ย 

Tune in now folks ๐Ÿ˜Šย ย 

 

Free Stuff Mentioned:ย ย 

  • Just starting your property investing journey? Check out our FREE Binge Guide to the Foundations of Property, Finance and Money Management, which show you which episodes you need to understand the basics! Or fill in the form below and weโ€™ll email it to you right away.ย ย 

    • Are you also interested to have a better understanding of your cashflow position via our FREE Money SMARTS Platform?
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  • Free Report: 7 Common Mistakes when selecting a Property Loan
  • Beginnerโ€™s Guide to Property Investment Webinar

 

Hereโ€™s some of the gold we coverโ€ฆ

  • 3:30 โ€“ Why property is all about finance!ย ย 
  • 4:33 โ€“ Why and how Ben started Empower Wealthย 
  • 7:44 โ€“ Great lending is based on _____ and ______ย ย 
  • 9:05 โ€“ The motto for using Lenders Mortgage Insurance…ย 
  • 9:50 โ€“ Why โ€œdrilling the dream down into a goalโ€ is so important?ย ย 
  • 13:30 โ€“ The types of plans we build ย 
  • 14:30 โ€“ Cross- collateralisation vs. Standalone lendingย ย 
  • 16:10 โ€“ Examples of bothย 
  • 17:53 โ€“ Who is the Personal Banker?ย ย 
  • 18:35 โ€“ Specialist NOT a generalist folks!ย ย 
  • 20:05 โ€“ What your mortgage broker should look likeย ย 
  • 23:00 โ€“ What you can achieve if you get this right!ย ย 
  • 24:30 โ€“ Check out this free report on 7 Common Mistakes When Selecting a Loan!ย ย 

 

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