“So, if you are going for a loan at the moment, or if you anticipate in the next month or so, go this fortnight before that raise because you'll actually be assessed at a lower rate. So you need to understand that if you want to borrow money and you think you're a bit too close, get in sooner rather than later.” - Louise Lucas

EPISODE HIGHLIGHTS:

00:39 Meet Louise Lucas

02:23 Supporting Wonder Woman financing

03:33 The complexity of current lending rules

04:00 Know which lenders are assessing rental income at higher percentages

06:32 Louise's knowledge and contacts in the banking industry

07:00 Recent interest rate rise and Louise's Insights

09:15 Advice for those seeking loans

11:00 Using rental statements to help get loans for renovation projects

12:55 Discussion of the buffer and its impact on mortgage payments

16:51 Borrowing with friends or family members

18:45 Structuring investment partnership

20:37 The reverse mortgage strategy for renovating retirement

25:23 Having a buffer account for emergencies

27:00 Strategies to deal with negatively geared properties

Resources

Louise Lucas - Website

https://propertyed.com.au

The School Of Renovating

https://www.theschoolofrenovating.com

She Renovates Podcast

https://www.theschoolofrenovating.com/podcasts-page/

Connect with The School of Renovating

ASK BERNADETTE

https://www.theschoolofrenovating.com/podcasts-page

Subscribe to She Renovates Apple Podcast

https://apple.co/3faoWlT

Subscribe to Youtube:

https://www.youtube.com/c/TheSchoolOfRenovating

Follow on Twitter

https://twitter.com/renovatingsc

Follow on Instagram

https://www.instagram.com/the_school_of_renovating