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747 using a parental guarantee to get a better investment property at 23

747 using a parental guarantee to get a better investment property at 23

Season 7 Published 4Β months ago
Description

At 23, Dan* bought his first property as an investment with a combination of hard work, strategy and support from his parents. In today's episode Dan joins Rachelle to share the steps he took to do that, touching on:


πŸ‘‰ the early money habits he established after reading The Barefoot Investor at 15

πŸ‘‰πŸΌ his saving and investing journey and how he saved that deposit

πŸ‘‰πŸ½ seeing a mortgage broker and deciding whether to buy to live in vs buy to invest

πŸ‘‰πŸΎ asking his parents for a parental guarantee to buy a better asset

πŸ‘‰πŸΏ the type of property, purchase price and location he bought

πŸ‘‰πŸ» why he used a BA

πŸ‘‰ the challenges he faced

πŸ‘‰πŸΌ and his tip for anyone wanting to get into the market


*Name changed for privacy


Have a question for John and Rachelle? Connect with Rachelle on Instagram: https://www.instagram.com/rachellekroon_money/ or post in our Facebook group: https://www.facebook.com/groups/m3.podcast


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Need clarity on your property situation? Book a clarity call with John Pidgeon: https://www.solverewealth.com.au


Rachelle Kroon is the director and founder of Sphere Home Loans, which sponsors this podcast. Need a mortgage broker? Check out https://www.spherehomeloans.com.au/


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