[Podcast] Strategic financing: unlocking funds for property investing, with Hung Chuy

I’ve often said that property investment is a game of finance with some houses thrown in the middle.

But currently, more and more investors and homeowners are having difficulty getting finance, so what should you do?

What type of finance strategy should you have to make yourself more attractive to the banks and why can some investors get loans when others can’t?

These are only some of the questions I’m going to ask today of finance strategist Hung Chuy, director of Strategic Mortgage Brokers and I asked him to help you understand what’s going on and how to get the banks to say yes more often to you.

The investor's guide to mortgage mastery with Hung Chuy

In my conversation today with finance strategist Hung Chuy, we discussed the nuances of property finance, sharing valuable insights and strategies for serious property investors.

Our discussion will help you better understand property investment loans, mortgage strategies, and building a successful property portfolio.

Some highlights of our chat include:

• Risk management strategies
  • The importance of having a financial buffer
  • Fixing interest rates for cash flow certainty
• How property investors make themselves attractive to banks
  • Leveraging equity
  • Using guarantors
• Understanding portability and equity release
• Managing property portfolios wisely
  • Avoid cross-collateralization
  • Using multiple lenders
• Strategic considerations for business owners and self-employed individuals in securing loans
• The benefits of debt recycling
• How to convert non-deductible debt into deductible debt
• Navigating development finance
• The specifics of financing commercial properties
• Borrowing within a self-managed super fund (SMSF) and how banks assess these loans

Anyone looking to scale their property investment endeavours or enter the market with a strategic edge will find the expert advice they need in this interview.

With Hung Chuy’s expertise, listeners are equipped with the tools to navigate the property finance landscape confidently.

Links and Resources:

Michael Yardney

Get the team at Metropole to help build your personal Strategic Property Plan Click here and have a chat with us

Hung Chuy Director, Strategic Brokers

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Some of our favourite quotes from the show:

“The first home, even the second, isn't necessarily your forever home, so many want to keep that as an investment. The problem is, if you haven’t structured the financing correctly, it can create some challenges.” – Michael Yardney

“The bottom line is you need more money to get into commercial property. To buy a good one, in general, they cost more than a good residential property, and similarly, the banks won't lend you as much and therefore return on your funds aren't as good.” – Michael Yardney

“Your entire life will change the moment you stop tolerating people who tear you down and start spending time with people who lift you up.” – Michael Yardney

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