Your finance broker is the most important addition to your team besides your wealth strategist. This person is a crucial part of your strategy for property investment. You need to educate yourself on how to structure finances correctly and the best way to do that is to learn from an experienced finance broker who can guide you on the strategy needed to participate in property investment and even investing.
If you borrow other people’s money (a financial institution), you can hold a larger asset base. Before you can do that, you need to work with your finance broker who understands how to structure loans safely so that you don’t risk any of your personal assets such as your home. You simply never want to put all of your eggs into a single basket by going back to the same bank each time. This allows you to minimise risk associated with your venture. It is imperative to spread your properties around with different lenders especially if you are owning property in multiple states around the country.