Hi there everyone
I have recently received 60.000 AUD from an insurance compensation claim and i’d like to make them grow no just leave them into my bank account.
I recently started a Painting business so as most new business is on up and downs but still doing pretty good.
Looking for some genuine help as i am new to investment so any suggestion will be taken on board .Grazie
RobertoHi there –
First point will most likely to meet mortgage broker and determine your borrowing power – if you are self employed this will be the biggest challenge as your ABN may/may not be older than 2 years.
From there you can determine your loan amount and develop a strategy to invest. Of course this will depend on whether you are buying an investment property or your own home.
Hope the painting is going well – always hard to find a good painter!
Cheers Ivan
Redwood | REDWOOD | SMSF | PROPERTY | FINANCE
http://redwoodadvisory.com.au
Email Me | Phone MeSMSF - PROPERTY INVESTMENT - WEALTH CREATION AND FINANCE SOLUTIONS
Hi Roberto
Ivan’s on the money – you generally need to have two years ABN history before applying for a mortgage. Most lenders will want to see two years of financials too – some will be happy with one.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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