428b property q&a: cash in offset or pay down mortgage, land flipping, using your PPOR as collateral + more

John and Emily from my millennial property join Glen to answer your property questions, including:👉🏿now that we are in the first home, and assuming emergency fund is all good, what’s better, save in an offset account or start smashing down that mortgage, pros and cons for each?👉does installing solar on your property increase the amount of rent you can charge for a property?👉🏽can we discuss the pros and cons of using your principal place of residence for collateral? And how it can help purchase more houses with the equity?👉🏻bought first property with partner, definitely not forever home, so is it wise to pay more than necessary on the mortgage or wait until next home?👉🏾if you’re in one of those professions that could potentially get LMI waived (eg. health professional), is there anything inherently wrong with putting down only a 10% deposit to get into the housing market?👉🏼how much extra should I be paying off my mortgage on top of my regular repayments?👉🏻land flipping. Buying in new estates then selling after titles are released. Ok In a rising market. Not when flat. All about low outlay. No tenants worries. Pros and cons?👉🏿how do we find out where can we buy an investment property to get a positive cashflow? What should we take into consideration?
Connect with Emily for a discovery call here: https://contact.emilywallace.com.au/
Check out John's Property Analyser Calculator: https://www.solverewealth.com.au/property-analyser-calculator/
Head over and subscribe to my millennial property: https://player.whooshkaa.com/shows/my-millennial-property
Get $20 off The Glen James Spending Plan using the code "MAGIC". Link to course below!
Send us your questions! Email questions@mymillennial.money with the podcast you want your question answered on as the subject.
For podcast resources, links to our stuff, disclaimers & warnings about this episode + more... check out: https://www.sortyourmoneyout.com/shownotes
🛑 This podcast is for education and entertainment purposes. It is not intended as a substitute for professional financial, tax or legal advice. Any advice is general financial advice only which does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you do choose to buy a financial product read the product disclosure statement and obtain appropriate financial advice tailored to your needs. We may discuss products, services and answer listener questions on this video for entertainment & illustration purposes only. We may change the name of the questioner for anonymity. It is impossible to give you personal advice on an entertainment podcast as we do not know the details of your personal financial situation. While we do our best to provide accurate information, we accept no responsibility for any inaccuracies that may be communicated in this podcast. SYMO interactive Pty Ltd, the publisher of the podcast, is an authorised representative of MoneySherpa Pty Ltd which holds financial services licence 451289. Please read our Financial Services Guide located at sortyourmoneyout.com. This podcast is intended for residents of Australia.
We acknowledge the darkinjung people, Traditional Custodians of the land on which our studio sits, and pay respects to their Elders past and present. We extend that respect to Aboriginal and Torres Strait Islander peoples who may listen to our podcast.

Hosted on Acast. See acast.com/privacy for more information.