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HOW WE DO IT
The beauty of our approach is its simplicity. With just six simple steps, you could be on your way to fulfilling your lifelong financial goals.
Your brand new home - in 6 simple steps
Our goal is to get more Australian Investors into the property market, here's how it works...
If you like the idea of earning money while you sleep, you can get in touch with our team by filling in the survey form here.
After receiving your enquiry, our team will be in contact to review your eligibility for our program and discuss your current situation, including employment, income and goals.
Our team will then use this information to assign you to a relevant coach and book in your first consultation with this experienced professional. Prior to your initial video meeting, we will send you a short questionnaire to help us get to know you and better understand how we can help you achieve your goals.
As a property investor, you will need to know exactly how much you can borrow. That’s where our licensed financial brokers come in.
Our brokers will contact you to discuss your situation and start building your financial picture. This information will help us identify which banks would be most suitable for you, based on your eligibility and affordability.
You really can’t underestimate the value of a broker. Every bank has its own guidelines that cannot be changed or avoided. A mortgage broker will help you pick the best one by submitting your application to up to 34 lenders to see which is the most likely to approve you. This decision may depend on:
- Employment status
- Small business owner
- Guarantor loans.
Mortgage brokers are the experts in navigating the confusing and complex process of securing a loan. They work for you, not the banks.
After our mortgage brokers have negotiated with the banks, you will be contacted by one of our coaches to discuss your borrowing capacity, as well as the property type that best suits your budget.
You will have access to our extensive list of available properties all over greater Brisbane, giving you the freedom and flexibility to choose:
- Where you want to invest
- The property style – dual occupancy, duplex, house and land, apartment
- Which builder suits you best.
- Now you have a specific property and price range, our strategists can show your potential cash flow and return
Below is an example of an investor with an $80K annual salary and an investment property purchased for $480,000.00 and renting for $480 weekly.
| Without property | With property | |
|---|---|---|
| Salary | $80,000 | $80,000 |
| Tax | $18,747 | $12,039 (After income tax withholding variation) |
| Take home pay | $61,253 | $67,961 |
| Rent | $0 | $24,960 |
| Total income | $61,253 | $92,921 |
| Pay bank interest | $0 | $21,372 |
| Maintenance costs | $0 | $8,216 (Including rates, property maintenance fees, insurance, etc.) |
| Total income | $61,253 | $63,333 |
| Weekly | $1,177 | $1,217 |
Net total = $40/week for investor = a positive cash flow!
That means that your investment property is paying you $40 per week. This is your first taste of making money while you sleep!
Your solicitors now supply our brokers with the contract for your chosen property. Our team will use this contract to zero in on a specific bank or lender to finalise your loan. The bank will also generally complete an initial valuation to ensure you are paying market value for the property. All being well, you’ll be approved for a loan and we can keep the ball rolling!
After signing the house and land contract with your solicitor, construction on your chosen investment property can begin, or if already built we can move to settlement.
Our team will stay in touch throughout the construction process to keep you updated and provide feedback on the progress. During these discussions, we will help you develop your financial literacy and prove to the banks that you understand the impact of having an extra mortgage. If you’re super savvy at this stage, you can save tens or even hundreds of thousands of dollars on your home loan and help you tackle your investment debt.
And then? You’re well on your way to earning money while you sleep.
Construction typically takes between 14 to 16 weeks for a house or slightly longer for an apartment, but this depends on the size and style of the property.
From your first point of contact with the Home Buyers Network Australia to owning your first investment property could take up to six months, so you’ll have plenty of time to get yourself organised.
We will provide you with a check list to ensure you have completed everything you need for a successful investment. As part of this process, our team will also organise a valuer to provide a specific depreciation schedule for your accountant to complete your tax variation and prepare your tax deductions.
It’s party time! The bank has paid the builder and you’re now a proud investment property owner – Congratulations.
Your accountant will then get your tax rebate organised with your paymaster to “deduct less tax”. This is when we can sign off on your three-year rental guarantee and organise the approved tenant to move in prior to settlement, if possible.
Welcome to our family of like-minded investors. The process doesn’t have to stop there. After ticking your first investment property off the list, we can start building you into a multi-property portfolio too. To help you capitalise on every available opportunity, we will also stay in touch to keep you up to date with capital growth movements and growth drivers.