It’s a question all first home buyers ask themselves but how can you work out just how much the banks are likely to lend you? And more importantly, how much should you borrow to avoid getting in over your head?
In this video, PIPA chair Ben Kingsley reveals how to calculate your borrowing power and gives us a handy rule of thumb to use when crunching the numbers.
Ben Kingsley is the Chair of the Property Investment Professionals of Australia, which is the peak association for property investment professionals. He has over 18 years’ experience in residential property analysis and in advising clients looking to invest in property, having amassed his own multi-million dollar portfolio of property and is the Founder and CEO of Empower Wealth, a professional property advisory firm based in Melbourne.
You can hear more from Ben at the Home Buyer & Property Investor Show where he will be revealing the key steps to work out the best property investment strategy for you.
Investing in property is a BIG financial decision and getting it right or wrong could be the difference between financial prosperity and financial hardship in retirement. We all want to make the right decision, so determining ‘which is the best strategy?’, depends on asking yourself a series of key questions combined with understanding what type of investment strategies are available.
Learning the science behind ‘how much should I purchase for?’, ‘what investment returns do I need to justify investment?’ and ‘when will I be able to retire and how much passive income will I have?’ will all be tackled by Ben in his presentation.
He will demonstrate live property strategy examples to show you what outcomes are possible and to help you determine what will be the best property investment strategy option for you. A must attend presentation for first time investors and seasoned investors, alike.
The Home Buyer & Property Investor Show, 29-31 August at the Melbourne Convention & Exhibition Centre. For more information and for tickets, head to homebuyershow.com.au
22 July 2014
Property Mentor:
http://propertymentorblog.wordpress.com/2014/07/22/how-much-can-i-borrow/