In this week’s episode, we learn about ‘Borrowing Power,’ a term used to describe the loan amount a lender is likely to approve you for, based on your financial situation. Having a higher borrowing power means you can build a larger property portfolio and a larger Passive Income.  So, find out today how people keep buying properties one after another!

 

Discussion Points:

0:00 Introduction with special guest, John

3:44 Experience is KEY

6:33 Banks now require a broker to work extra hard

8:02 Ask your broker to find out what the bank assessment rate is

9:58 Positive credit reporting and debt sorting

16:09 How to find a good broker

19:05 Raise your income levels

22:50 Sharing debt with family with a common debt reducer loan

25:26 Investment property solutions

29:49 Building a gross 200-million-dollar portfolio

34:30 Renting shares out for positive cash flow through covered calls

36:11 Concluding words

 

Resources:

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