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FINANCE IS KEY TO DEVELOPMENT
Today I’m joined by broker John Hymet from Logical Choice Finance. We’re chatting to John today because finance has to be one of (if not the most!) important pieces of the development puzzle. When we started on our development journey John helped us understand our position, the benefits of using other lenders and how to structure ourselves so that we looked better to banks. That’s where our journey began and ten years later we’re still working together.
IN THIS PODCAST WE ARE TALKING ABOUT
There can be a fair amount of confusion when it comes to brokers – many people don’t understand exactly how they work, how they earn commissions, and what the benefits can be to using a broker over a bank.
John explains what it looks like to deal with a broker, clarifies how they are paid and explains the benefits of working with someone who doesn’t have allegiance to just one financial institution.
We discuss the current (and predicted) interest rate rises, offset accounts, why you should be considering a reassessment of your home loan and the benefit of changing your repayments from monthly to fortnightly.
We also touch on self-managed super funds and the importance of having a job in the early days of your development journey.
John helped us get into the game when we first started developing and, since then, he’s helped us get to the position we’re in. He’s straight talking and gives excellent advice around thinking outside the paradigm, not following the crowd and grabbing opportunities when you see them.
LET US KNOW WHAT YOU THINK & WHAT ELSE YOU’D LIKE TO LISTEN TO!
Let us know what you think about this one, won’t you? If you’d like to leave us a little review, that would really help us out too… it’s so easy to do in the App where you get your podcasts. Thanks in advance! xx
If you have a topic or question you’d like us to cover, contact us here.
LINKS MENTIONED IN THIS EPISODE:
Get in touch with John Hymet:
- Website: https://www.logicalchoicefinance.com.au/
- Phone: 03 9497 5455
- Email: admin@logicalchoicefinance.com.au
- LinkedIn: https://au.linkedin.com/in/john-hymet-796a5b13
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