Ep95. The Financial Secrets To Buying Property No One Tells Self-Employed Coaches About with my Mortgage Broker Alex Watson
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🎙 We’re diving into…
👉🏻 How to set yourself up to buy property, even if you’re self-employed
👉🏻 Common myths and misconceptions about borrowing as a business owner
👉🏻 Creative financial strategies that’ll make property investing possible for you
In this episode, we chat about:
- The big mindset shifts Zenia and Alex had to make to start investing in property
- Myths about being self-employed and buying a home, plus a crazy story from Zenia’s own journey
- The biggest lie holding back business owners from property purchases
- Simple strategies to get creative with your finances, like leveraging equity and structuring income smartly
Key Takeaways:
- Paying yourself a salary instead of taking dividends can make a massive difference when applying for a loan
- Equity in your home is powerful but only if you understand what the bank wants to see
- Running personal expenses through your business? It might be costing you more than you think in borrowing power
- Teamwork is crucial: Your mortgage broker and accountant should work together seamlessly
Book Rec: Profit First by Mike Michalowicz
Connect with Alex Watson:
Instagram: @funded.finance
Website: www.funded.finance
What to Do Next:
- Chat with your accountant and mortgage broker to review your financial setup.
- If you’re thinking about buying property soon, consider paying yourself a salary at least 6-12 months ahead.
- Want personalized advice? Book a free chat with a mortgage broker to get started.
Ready to level up your business?
If you’re a coach or health pro aiming for $20k months and beyond but don’t know where to start, we can show you the proven steps that have worked for over 172 other coaches.
Apply for the Biz Academy Program Now
Follow Zenia Wood on Instagram: @zeniawoodofficial
Watch the full episode on Youtube: Zenia Wood Official
Until next time and in whatever you do, Move Swiftly.
111 episodes