How to Leverage Finance to Grow Your Business Or Purchase Property (Australia)

[@shaf7820]

Best business content on KZbin and this coming from a Banker. Please don’t stop. Recently heard your podcast with Steve Palise.

[@jimmythorpe65]

Thank you for your knowledge, it’s very helpful

[@amaina67]

Speak with a mortgage broker that’s experienced lending to businesses. Also, your borrowing capacity can range from 5.2x to almost 8x your income depending on your lending profile and the lender you qualify with. Also, mortgage brokers operate under the best interest duty model which means that they are required to place you with the best lender for your situation, not just CBA. Take advice from a credit professional who is licensed and insured, and that’s a mortgage broker. The accountant has given some good points but some key errors have been made on the information around lending.

[@DavieMach]

Thanks for the comment and watch! FYI this deepdive was designed to provide information before you speak to a broker or lender. Definitely, go speak to a licensed broker. I am not a broker nor do I want to be one. Maybe I wasnt clear but I was not directing business owners to go with CBA. I was just merely using their tool to help then do the research so they can get more information on how it all works.

[@abhishemahajan1048]

I love you videos Davie. I watch it regularly. Would you make a video for aspiring accountants?

[@DavieMach]

Hey hey, thanks for watching, what topics or questions do you have in mind?

[@abhishemahajan1048]

@@DavieMach Hi thanks for replying. As I said huge fan 😀. I like your content. Topic like things to follow or keep in mind when just starting a career in accounting field so that they can have a long term successful career. More basically like do’s and don’t. More importantly finding a mentor which seems to be most difficult these days

[@Chris-xu6wy]

Great video again thanks , do you have experience or examples in property development feasibility? Funding for developments ? Thanks Chris

[@phatridesgarage3760]

Just what I need

[@ICONFESSONEBAPTISM]

Ah yes, borrowing, one of the early stages of insolvency. Good way to start a business, take advantage of lending... Perhaps when the economy was expanding not nose divine this was a convenience. If you REQUIRE lending, just quit while you're relatively ahead.