Michael’s Story

I came to Empower Wealth just to start my journey with property. And so we’ve gone through the whole process of getting a Property Plan done, and then after that, I went to Bede from their Mortgage Broking team.

I didn’t have the time, I suppose, I work a roster and stuff like that. I don’t have the time to go and just do all the research, and I got a little baby and stuff like that, so I’ve kind of like, you know what they say, sort of just get someone as a professional to do it and help you.

I’ve actually purchased a few places before, but I just didn’t really understand the fundamentals I suppose, and actually started listening to the Podcast and that got me listening to all the basics and stuff that I’d totally stuffed up.

Looked at my property that I did have, and I was already having doubts about it, and I sort of went and seen the team and just looked at my overall position and stuff. I actually got rid of that place now; that was pretty bad—like underperforming. So, I’ve got a new plan, I’ve got it all, stepped out and happy to go from there.

I just love it all. Like I printed it out – I’ve got it all laid out, and I maybe have another baby soon, and that’s all sort of planned into it and the schooling and just everything. So it’s really easy to follow along and kind of track.

There are three investment properties in my plan. So I got to just a normal house that I’ll be living in and in three others.

The other thing that was really good – to have Bede and the mortgage broking team is. He got to look at my plan, see what was, what I wanted and then, worked out a few strategies and he came back to me with those couple of strategies and walked me through it.

What we ended up doing was like – ‘cos I had that money from selling the house, and I could have just used that as the deposit, but he suggested, recycling or putting that money onto my non-tax deductible debt, which was my home. And then refinancing that to pull out the equity again. But that way you can use it for tax purposes to minimise your tax.

I’d definitely recommend them to anybody because just the best part of that is that they – all the different groups within Empower Wealth, they just work together, they easily forward the information, and they talk to each other. So, it just makes everything like super easy.

They said just start with the plan. Then that went to the Mortgage Broker team, which knew the plan straight away, they were talking, worked everything out. And then from there, you can go on to like the Buyers Agents.

That’s what I like – it’s all one package. Just makes things super easy, and they know what they’re doing. So yeah.

 

Note

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