In this episode of the Michael Yardney podcast, I discuss the intricacies of property investment and finance with expert Hung Chuy.
We explore the importance of mindset, the role of brokers, and the complexities of managing a property portfolio.
Key topics include understanding interest rates, debt recycling, and the unique challenges of commercial property financing.
The conversation emphasizes the need for strategic financial planning and the benefits of using multiple lenders to maximize investment opportunities.
Takeaways
- Property investment is fundamentally a finance game.
- The first arrow represents unavoidable pain, while the second arrow is our response to it.
- Choosing the right broker can significantly impact your investment success.
- Interest rates are important, but flexibility in borrowing is crucial.
- Debt recycling can help turn non-deductible debt into tax-deductible debt.
- Managing a property portfolio requires careful planning and strategy.
- Commercial property financing involves more complexities than residential financing.
- Self-managed super funds have specific borrowing criteria that differ from personal loans.
- Using multiple lenders can provide better opportunities for equity and borrowing.
- Mindset plays a critical role in navigating financial challenges.
Links and Resources:
Michael Yardney - http://michaelyardney.com/
Get the team at Metropole to help build your personal Strategic Property Plan - https://investor.metropole.com.au/strategic-property-plan/clkg/https/investor.metropole.com.au/strategic-property-plan-enquiry/
Join us at Wealth Retreat - Australia’s Premier Wealth Retreat for Elite Investors and Business People www.WealthRetreat.com.au
Hung Chuy – Founder and Director of Strategic Brokers - https://www.strategicbroker.com.au/our-team/hung-chuy/
Get a bundle of free reports and eBooks – www.PodcastBonus.com.au
Also, please subscribe to my other podcast Demographics Decoded with Simon Kuestenmacher – just look for Demographics Decoded wherever you are listening to this podcast and subscribe so each week we can unveil the trends shaping your future.
Subscribe & don’t miss a single episode of Michael Yardney’s podcast
Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.
Need help listening to Michael Yardney’s podcast from your phone or tablet?
We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.
Prefer to subscribe via email?
Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.