Posted in Building Wealth

Taking out a low doc home loan can help self employed borrowers get ahead if you avoid these common pitfalls. Now, the real truth about low doc loans is that they provide self employed borrowers with flexibility.
Just because you are self employed shouldn't mean you can't have the business and home of your dreams. Right? Put simply, low doc loans are a financial solution when you either don't have the financial documents required by banks to take out a full doc loan, ...

6 easy ways small business owners can be better money managers at home and at work. If you're like most small business owners, you know how to make money but perhaps you're not so great at managing it. Usually this is because you're so busy running (and building) your business to keep on top of the latest money advice for self employed borrowers. So, to help you better understand how to manage your money at home and at work here are a few quick and easy tips to help you...

Money for nothing, how depreciation can add value. Renovating investment properties is becoming a popular way for investors to increase the potential rental returns on their properties in a market where rents have failed to increase like property prices have. An article from BMT Tax Depreciation explains what assets in the renovation can be claimed and how much return you can get on them. If you're thinking about renovating, be sure to speak to a Quantity Surveyor before you st...

Learn how to overcome your fear of investing. If you're reading this blog, chances are you're giving some serious consideration to investing in property to help build your wealth and improve your financial security. After all, you've probably heard about the advantages of owning an investment property such as the tax deductions, having a tenant pay off the mortgage for you, and the fact that property values in Australia double on average every seven to 10 years. But...

Find out if it's really a good idea to reduce your mortgage as fast as possible. We've said it before, 'no one wants a loan, right?' It's true. But so is the fact that (almost) everyone wants to own a home. And, in most cases, you need a mortgage to do it. After all, home ownership is a reasonable aspiration given the security and long term economic benefits,  not to mention the sense of belonging that comes with owning a home. And, Australian Bureau of Sta...