DPO's Case Study
We can’t afford to stay in the area. Can we?
My attempt at small time property development hadn’t been a huge success.
My wife and I had bought a real do-up, admittedly in a top street in a top suburb.
Unfortunately, building costs and unforeseen engineering issues both escalated causing a $500,000 dollar budget to blow out to $900,000.
Even at 4.9 % the mortgage payments were through the roof and after 5 years we decided to sell and go mortgage free.
But that meant we’d have to move out of our beloved neighbourhood.
An area we’d called home since 1993.
That’s when a friend of mine mentioned I should talk to this independent financial outfit – Financial Partner.
I’d always just gone through the bank – but the thought of a ‘financial partner’ intrigued me.
We met with a really smart advisor – Alex Wang.
He made a suggestion that meant maybe we could still borrow enough to stay in the area…
“Home and income.”
So we set about looking for just that.
A home that was divided into 2 apartments – with the second apartment’s rent covering the new mortgage.
Lending arranged by Alex Wang of course – at a very low interest rate.
Alex is a great example of what Financial Partner offers.
The sort of can-do attitude that solves problems in a unique way.
So yes, I’m a big fan and would recommend Alex and the team as the sort of partner you want for any property deal.