Banks are
likely to be warier in handing out loans to baby boomers because they know that
at some point, you’ll stop working and begin to live off your retirement funds.
Many loans
work off a 30-year term, so a shorter loan term might mitigate your risk enough
for lender approval.
Of course,
you’ll need to be sure you can meet the higher repayments.
Another
option is to look at purchasing through a Self Managed Superannuation Fund,
which is becoming a popular choice with many investors.
RealRenta has all the tools that a property manager has but for less
than ¼ the cost of a property manager.
You can now manage your Residential,
Commercial or share/student accommodation property
Join now and the cost is less than a cup of coffee a week to manage your
rental property.
RealRenta also has a free vision, so why not check it out.
Jason Gwerder
Wednesday, 17 July 2024
