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How to buy an investment property

Are you thinking of buying an investment property? If so, there are a few things you need to know before making your purchase. In this blog post, we’ll share some tips on how to buy an investment property and what to consider before doing so.

Step 1: Speak to an MFAA Approved Finance Broker

When considering an investment property, your first port of call should be your finance broker. An MFAA Approved Finance Broker can help you achieve your investment property goals.  They will review your assets and liabilities to determine how much you can borrow, which will, in turn, give you a general idea of your target price range, so you can narrow your property search within your purchase budget.  

Step 2: Budgeting 

Just like buying your first home, when purchasing an investment property, it’s essential to budget.  If you’re unsure how to budget for an investment property, speak with your MFAA Approved Finance Broker. They can help you to get on the right path.​​​

Step 3: Important conversations 

Your MFAA Approved Finance Broker will discuss your plans and your circumstances with you to determine what you can afford.  Your broker will also provide statutory documentation to initiate the lending process and work out for you what loan products will be appropriate in your circumstances. ​

An MFAA Approved Finance Broker is much more than your average mortgage broker.

Find out how Broker One Finance can help you with Investment Property Loans.

Luke Sartori Mortgage Broker Melbourne

Luke Sartori

Mortgage Broker

Disclaimer: The Information is general in nature and does not take into account your particular investment objectives or financial situation. It does not constitute, and should not be relied on as, financial, investment or tax advice or recommendations (expressed or implied) and is not an invitation to take up securities or other financial products or services. No decision should be made on the basis of the information without first seeking expert financial or taxation advice. Your full financial needs and requirements would need to be assessed prior to any offer or acceptance of a loan product. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.