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Australian Property Finance Made Simple
An essential tool for any serious property investor who is wanting to stake their claim in the 5.4 trillion dollar residential property market.
Finally, an ex-banker, mortgage broker and property millionaire's 'tell-all' step-by-step blueprint, explaining how to build, structure and automate a multi-million dollar residential investment property portfolio correctly, that has the potential to replace your income for life! International author, speaker, entrepreneur and property expert Konrad Bobilak reveals all in this insightful and valuable book.
You'll learn:
- How to potentially save thousands of dollars in interest payments, and pay off your current 30-year principle and interest mortgage in 15 years or less without making any additional payments.
- How to correctly structure your first and subsequent investment property acquisitions, and why you should never cross-collateralise your properties.
- The function and importance of LVR (loan to value ratio), LOC (line of credit facilities), LMI (lenders mortgage insurance), offset accounts, and terms and conditions of loans.
- How to beat the banks at their own game by understanding the exact formulas that the banks use to work out how much money you can borrow; DSR (debt servicing ratio).
- 12 powerful ways to supercharge your borrowing capacity that will enable you to buy more property than you ever thought possible.
- 19 crucial questions that you must know in order to choose the best mortgage broker in the industry.
- 12 most common and deadly property finance mistakes and how you can avoid them.
This book will boost your financial literacy and intelligence, and take your property investing to a whole new level!
Finally, an ex-banker, mortgage broker and property millionaire's 'tell-all' step-by-step blueprint, explaining how to build, structure and automate a multi-million dollar residential investment property portfolio correctly, that has the potential to replace your income for life! International author, speaker, entrepreneur and property expert Konrad Bobilak reveals all in this insightful and valuable book.
You'll learn:
- How to potentially save thousands of dollars in interest payments, and pay off your current 30-year principle and interest mortgage in 15 years or less without making any additional payments.
- How to correctly structure your first and subsequent investment property acquisitions, and why you should never cross-collateralise your properties.
- The function and importance of LVR (loan to value ratio), LOC (line of credit facilities), LMI (lenders mortgage insurance), offset accounts, and terms and conditions of loans.
- How to beat the banks at their own game by understanding the exact formulas that the banks use to work out how much money you can borrow; DSR (debt servicing ratio).
- 12 powerful ways to supercharge your borrowing capacity that will enable you to buy more property than you ever thought possible.
- 19 crucial questions that you must know in order to choose the best mortgage broker in the industry.
- 12 most common and deadly property finance mistakes and how you can avoid them.
This book will boost your financial literacy and intelligence, and take your property investing to a whole new level!
- GenresFinance
378 pages, Kindle Edition
First published June 1, 2015
33 people are currently reading
79 people want to read
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Displaying 1 - 3 of 3 reviews
September 7, 2022
Konrad has written a thoroughly comprehensive book detailing the many nuances of the financial sector and how this applies to property investment. The first half of the book is quite entry level suitable for beginners, clearly explaining the terminologies and the systems banks have used to support financial products and is often backed up with statistical evidence, albeit a little outdated today.
The second half of the book really strikes at the core of financial literacy. Konrad outlines the many different structures that sensible investors should be considering when building a property portfolio, as well as tips on increasing your borrowing capacity and asset protection. There’s even valuable insight for owner occupiers who simply want to pay their mortgage off quicker, providing a very achievable strategy for some households that could pay down a 30 year loan in half the time.
I purchased the fourth edition (2020) of this book and would suggest the book has not been revised or updated since first printed. I suspect some of the product lines mentioned may no longer be available, and a couple of the resources are no longer accessible. There are numerous grammatical and formatting errors throughout but this does not detract from the value of this book.
The second half of the book really strikes at the core of financial literacy. Konrad outlines the many different structures that sensible investors should be considering when building a property portfolio, as well as tips on increasing your borrowing capacity and asset protection. There’s even valuable insight for owner occupiers who simply want to pay their mortgage off quicker, providing a very achievable strategy for some households that could pay down a 30 year loan in half the time.
I purchased the fourth edition (2020) of this book and would suggest the book has not been revised or updated since first printed. I suspect some of the product lines mentioned may no longer be available, and a couple of the resources are no longer accessible. There are numerous grammatical and formatting errors throughout but this does not detract from the value of this book.
April 25, 2022
As a property investing novice with little-to-no knowledge, this book was extremely helpful and informative! Key points were explained well, and repeated multiple times throughout the book. And a majority of the acronyms, which can often be confusing as there are so many of them, were frequently fully written within the sentence.
Surprisingly there were a lot of spelling and grammar errors. But that did not detract from the subject matter.
Surprisingly there were a lot of spelling and grammar errors. But that did not detract from the subject matter.
August 13, 2018
Lots of valuable information and advice on how to structure a property portfolio. I would love to read an updated version applicable to today’s lending environment.
Displaying 1 - 3 of 3 reviews