From two properties to four in six months

0:00Another success story, another super happy customer. This couple came to me approximately six months ago. They wanted to look at the best options to refinance their owner-occupied property,

0:11and they had one investment property, which they had bought a couple of years ago. I found the best rates. They were very happy with the offer.

0:18We discussed many lenders, but they selected one lender. We did the refinance application, and during the application process, I reached out to them, and I said,

0:27Mr. and Mrs. [name], have you actually looked at your portfolio because what I see is a lot of equity which has not been utilized properly, and your incomes are fantastic.

0:37I don't think you're taking the maximum negative gearing benefit because you're paying a lot of taxes. We had the conversation in detail again, and they asked me, Sumit, what do you suggest?

0:46I said, I suggest one investment property yesterday, another one. We did the numbers. I told them this is how much they could reach,

0:55and we got the pre-approval for it, and it was $800,000 from memory, and within a couple of weeks, they found their investment property number two,

1:03a third property, and in the span of two or three months in total, they had not only refinance to the best rates for the two properties they had, they were also able to buy another property.

1:14Further to that, another month later, we were looking at the superannuation statements, and I asked them, what is your superannuation giving you back in terms of returns,

1:24and they had absolutely no idea, zero, nothing, and I requested them to look out, seek guidance because I cannot give financial advice or legal advice, so could you reach out

1:36to their accountant, friends, family, financial planner, and see if it's worthwhile for them to look to do a self-managed super fund and buy an investment property under that.

1:47Came back to me, Sumit, tell us the numbers. How do they look like based on our combined savings and super that we have, based on the income, what can we borrow, what can we buy,

1:58and we did the numbers again. We got a pre-approval in the SMSF, it took them a month and a half to set up the SMSF, self-managed super fund.

2:05I did a pre-approval very quick again, within a month they go and buy a property number four, but first time under the SMSF. Settled a couple of months ago,

2:15I have already given them a blueprint what they need to do because they did not know about this. Once we exchanged the information, they did their work, they were convinced

2:24because of number of reasons if you buy property under SMSF, capital gains, I'm not gonna go much detail into it, but they still have a large amount remaining

2:33in the SMSF balance, their incomes are super good, they are on a plan to buy the investment property number two in the SMSF, hopefully by 2027. So long story short, after meeting me

2:46within six months from two properties, now they're holding four properties, and number five, hopefully if they do all the things right, is coming in two years time.

2:54Any scenarios you have something similar, I can help you with, give me a call, DM me.