747 using a parental guarantee to get a better investment property at 23

At 23, Dan* bought his first property as an investment with a combination of hard work, strategy and support from his parents. In today's episode Dan joins Rachelle to share the steps he took to do that, touching on:

👉 the early money habits he established after reading The Barefoot Investor at 15

👉🏼 his saving and investing journey and how he saved that deposit

👉🏽 seeing a mortgage broker and deciding whether to buy to live in vs buy to invest

👉🏾 asking his parents for a parental guarantee to buy a better asset

👉🏿 the type of property, purchase price and location he bought

👉🏻 why he used a BA

👉 the challenges he faced

👉🏼 and his tip for anyone wanting to get into the market

*Name changed for privacy

Have a question for John and Rachelle? Connect with Rachelle on Instagram: https://www.instagram.com/rachellekroon_money/ or post in our Facebook group: https://www.facebook.com/groups/m3.podcast

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Need clarity on your property situation? Book a clarity call with John Pidgeon: https://www.solverewealth.com.au

Rachelle Kroon is the director and founder of Sphere Home Loans, which sponsors this podcast. Need a mortgage broker? Check out https://www.spherehomeloans.com.au/

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