Don’t miss our LinkedIn post where we first shared this exciting update!
Buying investment properties can feel like climbing a mountain, especially if you’re self-employed or dealing with complicated finances. But what if you didn’t have to figure it all out alone? What if there was someone to help you find a way to make your dream happen, even if it seemed impossible?
That’s exactly what we did for Ben. He wanted to buy not just one but two investment properties using his Self-Managed Super Fund (SMSF). At first, it seemed like he wouldn’t be able to do it. But with the right help and a creative plan, Ben ended up owning two fantastic properties. This is how it happened, and how we could help you too.
Ben’s Challenge
When Ben first came to us, he had big dreams but a big problem, too. As a self-employed person, Ben didn’t have a boss to handle his super contributions. He hadn’t been putting money into his super for years. The problem? Most banks want to see at least two years of regular super contributions before they’ll even talk to you about an SMSF loan.
For most people, that would have been the end of the story. No super contributions? No loan. But Ben didn’t give up, and neither did we. At Unconditional Finance, we believe there’s always a way, and sometimes you just need to think differently.
The Unconditional Finance Solution
Instead of saying “no” like the banks might, we asked, “How can we make this work?” That’s when we reached out to Susan Kennedy, our business development manager at Thinktank Property Finance. Susan is one of our go-to experts for tricky situations, and together, we found a way to make Ben’s dream come true. Here’s what we did:
1. Looking Beyond Super Contributions
Most banks only look at your super account when considering an SMSF loan. But we knew Ben had other income we could rely on. By using a percentage of his taxable income and adding the rental income from the properties, we were able to create a strong financial picture for him.
2. Partnering with Experts
We didn’t try to do everything on our own. We worked with Thinktank Property Finance, a lender that specialises in unique situations like Ben’s.
3. Showing Ben’s Financial Stability
Even though Ben hadn’t been contributing to his super, we showed that he was financially stable in other ways. By presenting his case in the right light, we got his SMSF loan approved.
The result? Ben got the green light to buy not one but two investment properties in Queensland.
The Outcome
Imagine the feeling of finally getting the keys to not just one but two properties. That’s what Ben experienced after all the hard work paid off. He now owns two great investment properties that are already helping to grow his wealth for the future.
For Ben, this wasn’t just about buying properties. It was about building a secure future. And for us, there’s nothing more rewarding than helping someone achieve their goals, even when the odds seem stacked against them.
Your dream of owning investment properties might be closer than you think. Contact us now to see how we can help.
Tips for Overcoming Similar Challenges
If you’re in a situation like Ben’s, you might be wondering: How can I make this work for me? Here are a few tips to help you overcome similar challenges:
1. Start Planning Early
The earlier you start preparing, the better. Make sure you’re regularly contributing to your super fund. Even small, regular contributions can help a lot when it’s time to apply for an SMSF loan.
2. Talk to the Right People
Don’t try to figure everything out on your own. Working with a Sydney mortgage broker or lender can open doors you didn’t even know existed. They can help you explore options and avoid common mistakes.
3. Think Outside the Box
If one lender says no, that doesn’t mean all hope is lost. Some lenders, like Thinktank Property Finance, specialise in finding solutions for unique situations. Explore alternative lenders to find one that fits your needs.
4. Know Your Options
Education is power. Learn about how SMSF loans work and what lenders are looking for. The more you know, the more confident you’ll feel when making decisions.
Why Choose Unconditional Finance?
You might be thinking, “How do I know I can trust someone to help me with something so important?” It’s a good question, and here’s why we think we’re the right team for the job:
- We Care About You: You’re not just another file on our desk. We take the time to understand your situation and figure out what works best for you.
- We’re Problem Solvers: If there’s a way to make something happen, we’ll find it. We love tackling tricky situations and finding creative solutions.
- We Work with the Best: We partner with trusted lenders and experts who share our commitment to getting great outcomes for our clients.
When you work with us, you’re not just getting a broker. You’re getting a team that’s on your side.
Moving Forward with Confidence
Ben’s story shows that no matter how complicated your situation might seem, there’s almost always a way forward. Whether you’re self-employed, looking at SMSF loans, or just feeling stuck, you don’t have to go through it alone.
At Unconditional Finance, we’re here to help you make your property investment dreams a reality. So, if you’ve got a tricky situation that needs a creative loan solution, why not give us a call at 1300 484 390.
Your dream is closer than you think. So let’s make it happen together.
If you’re ready to explore your options or need help with a tricky situation, reach out to us today, and let’s make it happen together!
Frequently Asked Questions
We can look beyond just your super contributions and focus on your broader financial picture, like your taxable income, rental income, or other assets. With access to lenders who specialise in unique situations, we’ll work to find a solution that meets your needs, even if your super contributions aren’t perfect.
Yes, absolutely. Banks often have strict requirements that don’t work for everyone. We have connections with a range of lenders, including specialist ones, who offer more flexible options. Don’t let one “no” discourage you, and let’s explore other possibilities together.
When you work with us, you’re not limited to just one bank’s offerings. We compare options from a variety of lenders to find the best solution for your unique circumstances. Plus, we handle the tricky parts, like negotiations and paperwork, so you can focus on your goals.
Definitely! Self-employed individuals often face challenges with traditional lenders, but we specialise in helping people like you. By understanding your income streams and financial position, we can find lenders who appreciate the value of your work and approve loans that fit your situation.
Not necessarily. While having a healthy SMSF balance is helpful, we can help you explore options like using rental income or your taxable income to support your loan application. It’s all about creating a strong case for your financial stability, and that’s where our expertise comes in.
