Fast Money E-Book

Jason Cunningham

• Herausgeber: John Wiley & Sons
• Kategorie: Fachliteratur
• Sprache: Englisch

Seitenzahl: 92

Veröffentlichungsjahr: 2013

Beschreibung

Do your finances control you? Frustrate you? Limit you? Well take control of your money today and get more of what you want from life. Financial expert and money man on The Living Room, Jason Cunningham guides you through one of the biggest financial decisions of your life, buying property. Whether it be your home or an investment property, Jason will help you put on your investor's cap and make the most of your property purchase. Fast Money: Profit From Property is a jargon-free, practical guide that will get you started on your journey to financial freedom with bricks and mortar, fast!

Leseprobe

Contents

Chapter 1: Your Home is your Castle — and Your Cash Cow

The Times have a-Changed

Types of Home Loans

Modern Homeownership Hurdles

Is the Great Aussie Dream Still Relevant?

Is Property the Right Investment for You?

Take a Long-Term View

Jay’s Take Aways

Chapter 2: Getting Into the Property Market

Getting Started

What Type of Loan Should I Choose?

A Word on Equity

You Can own two Properties Outright before you Retire

Jay’s Take Aways

Chapter 3: Beating the Banks — Strategies for Mastering your Home Loan

The US Subprime Crisis

Interest Rates On the Rise

Nine Ways to Beat the Banks (and none involves a balaclava)

Jay’s Take Aways

Chapter 4: Protecting your Ass(ets)

Asset Protection

Types of Asset Structures

Jay’s Take Aways

About the author

Further Reading

Chapter 1

Your home is your castle — and your cash cow

What you’ll discover in this chapter:

why property is such a fantastic investmentthe changing face of property ownership and loan structureswhat equity is and how you can use it to fast-track your financial planthe difference between purchasing a home and an investment propertyrenting versus buying.

Looking back to when I was growing up — somewhere between the ‘dark ages’ (when we only had black and white TV in the ’70s) and the Jurassic (Park) period (the early ’90s) — I still can’t believe how much things have changed. In 1975 my folks bought their first house in suburban Melbourne for $25 000. Today there are TVs worth more than that! Despite the differences in house prices, incomes and haircuts, there are still some valuable lessons we can learn from the baby boomers in terms of their attitude to credit and savings. At the same time, however, there are several reasons to challenge entrenched notions of property as our main (or sole, excluding super) investment strategy.