Login
The unexpected roadblock stopping you from getting your next property
Helen Collier-Kogtevs, Director Real Wealth Australia
{{youtube id="CtAfzpfl948"}}
Have the banks said no to lending you any more money? Have you hit the financial brick wall? Well you now what? A lot of investors come unstuck without actually realising it simply because of their credit cards and their credit card limits. The reality is for every $5000 you have no credit card limit potentially minimises your borrowing power by $25000. So if you've got a combined credit card limit of $20000, that's $100 000 in borrowing potential you're short changing yourself on. So if you want to invest, and you've hit that financial brick wall, take a look at your credit cards. Reduce those limits to their minimums - because I understand we need our credit cards - but reduce them to heir minimums and have them not stand in the way between you and your next investment property.
Want to see more stories from trusted news sources?
Make Smart Property Investment a preferred news source on Google.
Click here to add Smart Property Investment as a preferred news source.