Residential Investment Property – No Cash Deposit
To have your wealth grow with the minimum risk, residential property seems to be Australia’s number one choice.
However those who enter the market without all the pieces of the puzzle in place can dramatically increase their risk. It can also lead to having a continuing input of time and additional funds.
Our focus is on reducing personal debt and at the same time increasing wealth. Most clients never believed they could afford an investment property without having a cash deposit and a minimal weekly investment to help them eliminate bad debt.
A basic understanding of the cash flow inputs such as taxation, both cash and non-cash deductions, having the probability of a good tenant and achieving a worthwhile rental income without the ‘tenants from hell’ syndrome is essential.
Within the limits of the available finances, we then target the type of property best suited and the areas that are likely to give the best opportunity for growth.
After the property selection is made our client then goes back to doing what they enjoy and living their lives with a new energy.
Waiting to go into action at the appropriate time are the following Wellspring approved service providers to help implement your plan:
- ASIC approved Finance Broker to arrange the appropriate loan
- Lawyer who specialises in property settlements
- Experienced Residential Property Manager, who finds a quality tenant, collects rent, pays the bills and provides tax statements.
- Licenced Quantity Surveyor provides a depreciation schedule to satisfy the ATO
- ASIC Licenced Financial Planner to reduce personal risk through the appropriate insurances and superannuation planning.
- Wellspring provides a six monthly review to ensure your plan stays alive and that your wealth is growing without causing any stress.
All the above service providers are directly responsible to the client, however we are there as project managers to keep things on track.
All the above providers believe that they will only succeed long term if they develop genuine win/win client relationships.