FAQ
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I am not very good at managing my money and as hard as I try I never seem to get ahead. I just cover my current expenses each month, my debt is increasing and I despair about ever being able to afford my first property, can you help me?
__Yes, like 80% of the population you are living in financial crisis by not having sufficient savings to cover 3 months with no income. Unfortunately financial management is not taught in schools or universities and only a few learn it at home. We offer either a one day Financial Overhaul or ongoing Financial Coaching by the hour so we can help you identify your income and expenses and create systems to reduce debt and start a savings plan. We get you in the right mindset, focused, educated and on the right track toward your first home or investment.
I want to invest in property but at the moment I don’t have equity in an existing property or enough savings for a deposit, so can you still help me?
Yes, If you don’t have sufficient income or equity and therefore do not qualify to join the property program, I also offer Property Mentoring by the hour so we can start from your current financial position, wherever that may be and then get you in the right mindset, focused, educated and on the right track toward your first home or investment.
I have read lots of books, attended seminars and undergone a few different property programs and I have still not invested. Can you help me take action?
Yes, taking action is my specialty! I believe the reason most women don’t take the first step is a combination of having the wrong mindset towards typically male values such as finance and investing plus a case of “analysis paralysis”. You lack confidence and are afraid of making mistakes, so you delay taking action and seek more information in another book, seminar or program.
Step One in the Property Empowerment program deals with your mindset and looks closely at your values and money beliefs. Together we will create the mindset of a successful investor by eradicating any limiting beliefs and past decisions and replacing them with more empowering ones, driving you forward into action.
I know nothing about property or finance, so can I still become an investor?
Yes, lack of knowledge causes a lack of confidence and will quite rightly, stop most smart women in their tracks. By undergoing the Property Empowerment program you will get a good general knowledge of property, structure and finance. You will also be dealing with experts in all the relevant fields who are themselves active property investors.
I am a successful and therefore busy woman with very limited free time but I am keen to invest in property, can you do it for me?
Yes, Within the Property Empowerment program, I have created three options. The diamond option was created specifically for you. We will meet initially at a time convenient to you, where I will gather all the necessary information. I will then attend to all the expert appointments on your behalf including the purchase of your investment property. The whole process can be fast tracked and you will become an investor with a minimum of time or physical effort required.
I have good equity in my home, but I am on an average income, can I still invest?
Yes, it is not how much you earn but what you do with it. Assuming you have sufficient equity in your home to cover the 20% deposit, purchase costs and to set up a buffer to support the investment, I will teach you how you do not need to rely on your income to support the investment.
I don’t have enough equity in my home for a 10%-20% deposit, but I have a generous income, can I still invest?
Yes, assuming you are on a generous income, then you should qualify for a 95-100% investment loan which will reduce the amount of equity you require as a deposit.
I don’t have an existing home but I have a deposit and a good income, can I still become an investor?
Yes, assuming you have sufficient savings for a 5% deposit, purchase costs and also the affordability to support a 95% loan.
If I buy an investment property ahead of my own home, do I still qualify for the First Home Buyers (FHB) grant.
No, you do not qualify for the FHB grant on the purchase of the investment property, however, since 2001 you do qualify for the FHB grant when you eventually do purchase your own home.
I am a single mum, so can I buy an investment property on my own?
Being a single mum is not a contributing factor, the factors we need to look at are whether you have equity or savings for a deposit, purchase costs and a buffer and/or affordability to service the loan. Many single mums are successful property investors and now have even more time to spend with their kids.
I am single / divorced / widowed, so can I buy an investment property on my own?
As above, your status doesn't matter, what matters is whether you have equity or savings for a deposit, purchase costs and a buffer and/or affordability to service the loan.
I am not currently working, so can I still invest?
Yes it's possible. Assuming you have sufficient equity or savings to cover the 20% deposit required for a no-doc loan, the purchase costs and to set up a healthy buffer to cover the difference between the mortgage repayments and the rent. You will eventually need to earn an income or you will use up your valuable equity on your living expenses instead of investing in further properties.
I currently already have a few investment properties but need help with my finance strategy and structure, can you help?
Yes, your property structure and finance strategy are as important if not more so than the properties themselves. We can review your current structure with the appropriate expert who will recommend any necessary changes and put you on the right track for future properties.
I don’t have any equity but my parents would like to help me, can I still invest.
Yes, assuming your parents are happy to go allow you to use a portion of the equity in their home as collateral which is sufficient to cover deposit, purchase costs and a buffer. You can either form a more permanent Joint Venture (JV) with your parents or temporarily use their equity. You would then draw down on the increase in equity in your investment to pay back your parent's equity and release their guarantee.
I would like to invest but am concerned about all the interest rate rises recently, what happens if interest rates continue to go up?
Once you have the empowering mindset of a successful property investor you learn to cater for increases in rates in your buffer. This is over and above the fact that lenders will always qualify your loan affordability at 1–1.5% higher than the current interest rate anyhow when you initially apply.
I am not a woman, so can I still get coaching or join your mentoring program?
Yes, off course, empowering women is my niche, but the program works equally well for men.__
If you have any questions, please submit them via the Contact page and I will get back to you as soon as possible.
