Unveiling Our Property Journey: Lessons Learned

In this special mini episode of That Backyard Property Pod, we dive into our personal property investment journey. From our first purchase in Darwin in 2012, navigating the ups and downs of property values, to our eventual move to Perth and subsequent investments in growth markets like Melbourne. We discuss the importance of financial transparency, leveraging equity, and making informed decisions in a fluctuating market. Learn from our experiences and get insights into strategies like using a guarantor, understanding mortgage repayments, and the potential of commercial property investments.--------------------------------------Follow the podcastSubscribe: / @thatbackyardpropertypodcast Instagram: https://www.instagram.com/backyardpro...Website: https://tuskfinance.com.auConnect with Michael: Facebook: / tuskfinancemk Instagram: / mortgageswmichael LinkedIn: / michaelkilliner --------------------------------------Chapters: 00:00 Introduction to the Episode00:23 House and Land Packages for First Home Buyers02:20 Understanding Land Loans and Construction Loans03:40 Managing Construction Loan Payments06:03 Renovations and Construction on Existing Properties08:36 Valuation and Financing Options for Renovations10:35 Choosing the Right Bank and Loan Type11:44 Conclusion and Final Thoughts--------------------------------------Produced by ⁠⁠⁠⁠⁠⁠⁠⁠Podwave Studios⁠⁠⁠⁠⁠⁠⁠: https://www.podwavestudios.au #realestate#dreamhome#PerthPropertyMarket #MichaelKilliner #PodwaveStudios