208 - Thriving The Interest Rate Roller Coaster with Louise Lucas
She Renovates
English - May 16, 2023 01:29 - 28 minutes - 26.4 MB - ★★★★★ - 2 ratingsArts Business home improvement bootcamp design profit reno renovating style tips training Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
“So, if you are going for a loan at the moment, or if you anticipate in the next month or so, go this fortnight before that raise because you'll actually be assessed at a lower rate. So you need to understand that if you want to borrow money and you think you're a bit too close, get in sooner rather than later.” - Louise Lucas
EPISODE HIGHLIGHTS:
00:39 Meet Louise Lucas
02:23 Supporting Wonder Woman financing
03:33 The complexity of current lending rules
04:00 Know which lenders are assessing rental income at higher percentages
06:32 Louise's knowledge and contacts in the banking industry
07:00 Recent interest rate rise and Louise's Insights
09:15 Advice for those seeking loans
11:00 Using rental statements to help get loans for renovation projects
12:55 Discussion of the buffer and its impact on mortgage payments
16:51 Borrowing with friends or family members
18:45 Structuring investment partnership
20:37 The reverse mortgage strategy for renovating retirement
25:23 Having a buffer account for emergencies
27:00 Strategies to deal with negatively geared properties
Resources
Louise Lucas - Website
https://propertyed.com.au
The School Of Renovating
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