If you are in a property and want to make some real money then this video could change your financial future, and it will shatter a misconception that many hold out there about property and investing. There is a saying which is "do not wait to invest, invest then wait". This is very important. I explain why in this video.
Jason Dwyer: If you are in a property and want to make some real money then listen up because the next two minutes could change your financial future and it will shatter a misconception that many hold out there about property and investing. There is a saying which is “do not wait to invest, invest then wait”. That is very important. Let me explain why.
My name is Jason Dwyer and I set up to wire property investment some time ago. And I hear every day, day in, day out, this misconception old-school myth, that people feel they have to pay off their home loan before they can invest in property, and it is simply not true. My parents worked hard all their life to pay off the home loan so they could then invest in a property. But by the time they paid off their home loan, it is simply too late for them to get a loan, and too late to get any real capital growth from an investment property.
So do not fall into the trap that many thousands of people do, and think that you have to pay off your home loan first. There are smarter ways to use your money. Equity. Equity is the difference between what your home is worth and what you owe on the property. That money is yours. It is your money. It is just invested in your house and you could be using that money to invest in a property. You do not have to wait for your house to be fully paid off. So, if you have over twenty percent of equity in your property, you can be using that now.
Over the long term, your home has created real wealth for you. And in a lot of cases, that is the only real wealth people have. So, imagine if you had more than one property going up in value, good two or three properties going up in value. Now, the only way you can do that is to use some of that equity you have in your current home loan. You have to do that before you pay it off. So, if you have got more than twenty percent equity in your home, you can start using that now. You get a fully tax-deductible investment loan against your home and use that to invest in the property.
Now, you are not putting your home address because the risk is with the investment property itself. If you retire and you only have your [inaudible] and your one home to live in, then that is simply not enough to retire on, or you have to sell your house and live off of proceeds. But then where are you going to live? It is a dilemma that faces millions of our aging population.
Do not fall into the old school chap to wait until your home loan is fully paid off. Remember the saying, do not wait to invest, invest and wait. To find out more, click below to get a free financial consultation or simply download the starter pack to get you on the road to property investing. Thank you.