Empower Blog Review

6 Essential Lessons Everyone Should Know Before Their Fixed Loan Expires 

At Empower Wealth we are passionate about providing practical education that helps our community at every step of their financial journey. We want to ensure that no money is left on the table, and one of the biggest money pits we've found is the interest we pay on our mortgages. So in this video, Ben explains six lessons that every borrower sh...

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So you’ve bought the property… What’s Next? (Part 2)

The next step is, "Well, ok, once I've settled, the next biggest anxiety I'm going to have is whether or not I'm going to get a tenant." So you really need to start thinking about property managers and interviewing a range of property managers. Ask them some key questions because they are going to be in charge of looking after your asset. For me, t...

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What’s the most Neglected step by most Property Investors

Whenever some is interested to buy an investment property, I'm often intrigued at how they kind of see it as an event rather than a process. Now, I've talked about it a lot where I think there is 5 Critical steps that you need to go through when building a portfolio and try to create some form of passive income for retirement or whatever sort of fi...

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When Is the Best Time to Refinance Your Loan?

You’ve bought or invested in a home and are making regular mortgage payments. What happens when you want to adjust your repayment plan? Perhaps a step up in your salary has given you additional resources to pay off your balance in less time. Maybe an outside hardship requires you to refinance in order to improve your cash reserves or your loan mi...

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What you need to know when increasing your rent

Laws differ from state to state around rental increases, however the reasons for rent increases are similar across every state and Territory throughout Australia. Rent reviews and increases should be revised at least annually, if not at every 6 month interval. The common times to do so are January or February, when most landlords are looking at the...

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Why should you do a Contract Review?

Look in my view, you should absolutely get the contract reviewed by a solicitor or a conveyancer prior to entering into a contract but definitely before you go unconditional on a property. Because let's be honest it's a big decision you're about to make and you going to spend a lot of money and there's a reason why lawyers and solicitors drive arou...

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What has Bungy Jumping got to do with Property Investing?

It was the summer of 93 and I’d just entered my first year at Uni ready to embrace the freedom of life ahead of me… one full of expectation, opportunity and adventure.  It was the year I turned 18 and a bunch of my mates had all pitched in to buy a bungy jump experience for my birthday.  We’d recently just come back from our schoolies week ...

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From Action to Measurement

In last month’s newsletter ( available from our website ), we outlined two key steps needed to take your Money Plan and put it into action - getting your existing money working as hard as possible for you, and taking control of your spending. These two steps can be achieved by implementing the Account Structures and cash flow strategies that form...

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2009 Review & Outlook for 2010….

Before we look at the prospects for 2010, let’s review the 2009 property year, as it was a wonderful year for ‘us’ property investors and for those of you who are new to our newsletter and my comment each month I just want to highlight some of the comments I made in previous newsletters to re-enforce the message regarding property as a wealth...

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