What Are Your Funding Options
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There are a range of finance options out there for property investors but people often begin their property investment journey thinking they will need to fund the purchase with their own money but you don’t have to and Shaz shares some great options that are available right now
\\nUsing a finance option will mean you can grow faster and with a range of different options available it’s about finding the ones that work for you and listening to this episode is a great way to start
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KEY TAKEAWAYS
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- Fund a purchase with your own money and you won’t need to go through the process of obtaining finance and there is no interest to pay \\n
- When there are finance options out there, why would you not use them to grow faster? \\n
- Banks do buy to let mortgages but you need a good credit score and around 25% as a deposit \\n
- Banks usually do interest only with the capital being paid at the end \\n
- Always have an exit plan \\n
- Challenger banks often have lower fees and can be more flexible but don’t have a physical presence \\n
- Bridging loans work really well over a shorter period and are great for property flippers and those who may not get a loan in another way \\n
- Peer to peer lending is fast, quick agile and increasing in popularity, it’s a good option to look at \\n
- A personal loan from a family member may not have interest payable at all but make sure there is a clear contract in place \\n
- A property investor hunter licence is secured against your existing properties and gives you a pre-agreed agreement \\n
- No money down is about using someone else money and agreeing on how much of the profit they will get back \\n
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BEST MOMENTS
\\n‘Don’t just go down one path explore multiple options to find out what is the best for you’
\\n‘There are finance options out there, why would you not want to use them?’
\\n‘Why use all of your money? Use some of yours and some from others’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
\\nFREE WEBINAR - https://bit.ly/shazwebinar
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
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This show was brought to you by Progressive Media
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