Buying an Investment Property
At Futurebound, we believe that every person should have the financial ability to live the life they want. The path to financial freedom shouldn’t be a secret. Investing in property can be a great way to build a bit of passive income, give you long-term security, and gain asset appreciation.
Rental properties are a popular and profitable form of investment. Many like the diversification and control a rental property can give as opposed to other investments. A big pro to investing in property, if you are already a homeowner, is that in most cases you can use the equity you have in your current home as a deposit for the new property.
Our Process
01
Set a Clear Goal or Outcome
In your initial consult with us we’ll spend some time understanding your financial goals. Whether you want to retire early, have a comfortable retirement at 65 or help your children into homeownership, you’ll find out what you need for your situation to reach your goal and whether or not you are ready to get started now.
02
Calculate usable equity & craft your application
After your initial chat, you’ll have a Discovery meeting to go over your financial situation in detail. You’ll see exactly what your usable equity is, your serviceability, potential purchase price and which banks we’ll present your application to. You’ll find out how to how to improve your situation to increase the likelihood of an approval.
03
Build an investment property team
If you need help building your team of property professionals, we have you covered. We can connect you with accountants, conveyancers, insurance advisers, property sourcing, property managers or any other expert you need on your side.
04
Choose the right type of property
You’ll learn about which type of properties would best suit your financial goals and skills. Most of our clients invest in new build properties because of the many benefits it gives them as landlords and as an investor. While we get started on your application, you’ll be connected with our partners who can help you find the right investment property for you.
05
Get loan pre-approval
We’ll guide you on how to put your best foot forward for pre-approval so you look like an ideal candidate in the eyes of the banks. This can include paying off some short-term debts, cutting back on unnecessary spending etc. We’ll also consider whether you need to use split-banking to spread your risk across multiple banks.
06
Put in a strong offer
Once your pre-approval is in place, we’ll help you get the property approved by the bank, make an unconditional offer, and meet any conditions the bank gives you.
07
Get freehold faster
In addition to finding out how to structure your investment property loan, you’ll learn how to pay your own mortgage faster with our Leaps&Bounds Lite* App. We’ll design a repayment strategy and loan structures that will help you pay less interest and reach financial freedom sooner.
08
Buy your investment property
On settlement day we’ll make sure your loan documents are provided by your lender and double check that all the last minute details are sorted.
Why Work With Futurebound?
Years of Expertise
We have 50+ years of combined experience and expertise within the Mortgage Advisory and Financial Coaching space, so you can ensure you’re in safe hands.
Award-winning Team
We’re an award-winning team, and are proud as punch about it! To view our awards we’ve received over the time we’ve been in business, check out our testimonials page.
Thought Leader
We are someone with trusted opinions within the mortgage and financial space. To view the publications we’ve been featured in, check out our testimonials page.
Tips
We educate so we can fill your knowledge gaps around financial concepts and information as we know it wasn’t learnt in school, your parents didn’t teach you, and the banks won’t tell you.
Tools
You’ll always get the right tools so you can implement quickly and apply what you’ve learned to your own situation as soon as possible
Support
We provide coaching and accountability to ensure you’re on the right track and that you don’t make any costly mistakes on your journey.
Needing Help With Your New Mortgage?
Share your financial goals, dreams and desires with us and we’ll check that you’re financially prepared to get your new mortgage for your first home, next home, or investment property.
What Our Clients Say
Don’t take our word for it. Here’s what our clients say:
5 Star Rating On:
