How to Increase Your Borrowing Power [Lending in Australia]

[@thehappygardener1308]

We have our cash in a redraw on our principal residence and are about to withdraw our equity to purchase 1 or 2 units. Should we change to an offset instead of tedraw? Why? Great vids Cheers

[@danielchambers1827]

Great video Luke! Do you have any recommendations for property accountants?

[@algardaus]

As always amazing learnings. I'm very thankful for your efforts brother. Would you provide a buying services for north east NSW?

[@redmanssmokehouse]

Mate, any advice for me? Selling home and will be locking in 300k+ profit. Am I best to roll that into capital for a trust to start building the trust up? My wage is not huge and will struggle to get a reasonable sum personally on next house. Will trust help to boost the available to borrow ?

[@mn-ru4li]

A trust structure is needed if you want to increase your borrowing capacity because your serviceability is at its limit. This is where I'm at now. I’m an owner-occupier with a mortgage and cannot acquire a 2nd investment property due to serviceability limits, despite being in the top 1% income bracket in Australia. To proceed, investment property #1 must be placed in a positively geared, self-sustaining trust structure. This ensures that when acquiring investment property #2, lenders assess only investment property #2, my current owner-occupier property, and my salary, while excluding investment property #1. However, this strategy requires investment property #1 to first generate positive income.

[@12345xfire]

Is 450k too low a pricepoint to buy into SE Brisbane (30-40km out)?

[@lukewiles1]

For a house, yes. Townhouse or apartment at that budget in SEQ

[@ReeceAttard]

check out Perth i bought for 450k about an hour out, booming town

[@ASXStockPicking]

I recommend borrow as much as you can, like 1MM at least, gov will bail you out anyways

[@rayne5368]

Serious?

[@eliasmangi7593]

Cheers Luke🔥🤙🏾🤙🏾

[@JerenIspirto]

What was the name of your broker you use? It didn’t come out very clear

[@lukewiles1]

Baxter Hill from Woodrow Finance. :)

[@guybaldwick4643]

Hey. What's your broker's name please?

[@lukewiles1]

Baxter Hill from Woodrow Finance. :)

[@guybaldwick4643]

@lukewiles1 Cheers mate 👍

[@user-zf5pn6gc7q]

Its all borrowed money. You don’t really own any property portfolio. The bank does. Your system would not work if property bubble burst. Aussies regs and politicians won’t let a property bubble burst though because you cannot really do anything else except property in this country.

[@andrewcheshire244]

Eye brows. WTF is going on?

[@gabikarova9518]

Hi Luke, I'm a huge fan of your investment tips and find them incredibly valuable. I'm currently working on growing my investment portfolio but struggling to increase my borrowing capacity. Would you mind sharing the details of your mortgage broker? I believe their expertise could help me get my next investment property across the line. Thank you in advance for any assistance you can provide!

[@treypain5082]

How many properties do you own?

[@lukewiles1]

Baxter Hill from Woodrow Finance. :)