Everything Property EP80: Tips, Tricks and Secrets from Mortgage Broker - Christian Stevens.
Oct 1, 2024
Christian Stevens, a five-time winner of Australia's Best Broker and co-founder of Flint Group, shares his fascinating journey from nightclub promoter to mortgage mogul. He reveals how he harnessed social media for success and launched his own company after leaving the security of a 9-5 job. Listeners learn valuable insights about leveraging lending policies for self-employed individuals and strategies for navigating commercial and residential financing. Christian also highlights critical secrets to increasing borrowing capacity and the importance of collaboration in the industry.
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Boosting Borrowing Capacity
- Improve borrowing capacity by increasing income and decreasing liabilities.
- Consider assessment rates and explore third-tier lenders who assess repayments based on actual payments.
Trust Structures and Lending
- Maximize borrowing capacity with a 60/40 split between personal name and trust structure.
- This hides business debts from banks unless disclosed, enabling continued borrowing.
Transitioning to Commercial Property
- Commercial property investment is a natural progression for residential investors seeking higher yields.
- However, consider higher entry costs and tenant acquisition challenges.