In this episode, Shaz shares eight important tips you ought to know about as a first time buyer, that'll get you on the property ladder in no time at all.

KEY TAKEAWAYS

• Look at the ideal home you want, and plan to buy it at some point in the future. As a first time buyer, the home you want, isn't necessarily the one you can afford at the beginning.
• Property investing is a journey. Each purchase and sale is a step on the ladder, and each step takes you higher towards the property you want to end up in.
• The higher the deposit, the better your chance of getting lending from a bank, as there will be less risk for them.
• Live within your means and stop stretching yourself so thin when it comes to income. Saving money and refraining from going into debt will help you in the long term.

BEST MOMENTS

'Work your way towards something you can afford'

'A bigger deposit means the bank has less exposure. They'll be willing to give you better rates'

'Think carefully about what you can afford'

'Always live within your means'

VALUABLE RESOURCES

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ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations 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.

He 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.

You can find Shaz on:

•   Facebook
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•   Instagram
•   YouTube.