Finance is the leveraging tool to help you get into the
property, and property will be the vehicle that will create your long-term
wealth.
So it is important to have a finance strategy, part of which
is a finance pre-approval.
This means that a lender has agreed, in principle and in
writing, to lend you an amount of money towards the purchase of your property,
but this will still be subject to certain conditions, including the exact
property that you will be planning to buy.
Obviously, you must have your finance
pre-approved before starting your property search so that you understand your
budget and you are able to take prompt action if and when you find the right
property.
Some of the advantages of a loan pre-approval for property
investors are:
- You'll
know exactly how much you can spend
- You’ll
be able to make a firm offer on a property
- You
know what your repayments will be and therefore your cash flow
- Your
final loan will be organised faster
- There's
no cost to you
Be wary of any website that offers you a pre-approved home
loan without taking the time to assess your financial situation.
It should go without saying that unless a lender has fully
assessed and approved your financials, any ‘approval’ you get may not
accurately reflect what you can actually borrow.
RealRenta is a platform designed to
empower property owners like you. RealRenta offers all the essential tools that
a professional property manager utilises, but at a significantly lower cost,
less than a quarter of what you'd typically pay.
With RealRenta, you can efficiently
manage various types of properties, including residential, commercial, share,
and student accommodations. Our platform makes property management accessible
and affordable, costing less than a cup of coffee per week.
We also offer a free version for you
to explore. I encourage you to check it out and see how RealRenta can simplify
your property management needs.
Jason Gwerder
Saturday, 24 January 2026
