Manage episode 494437449 series 2998596
Think LMI is just an annoying cost? Think again. In this weeks episode of The Property Nerds you'll learn how certain professions (some surprisingly obscure) can access LMI waivers, potentially saving $12,000 - $20,000 on a single purchase. The trio also break down the real opportunity cost of waiting to save a 20% deposit hint: it could be setting your investment journey back by years.
0:00 - Intro
1:01 - What Is LMI and Why It’s Not the Enemy
1:35 - Who Qualifies for LMI Waivers
3:53 - Essential Workers Policy Explained
5:15 - Real Savings: How Much Can You Actually Save on LMI?6:38 - The True Opportunity Cost of Waiting for a 20% Deposit
8:03 - LMI Refunds: The Little-Known Hack
9:41 - Buying with Low or No Deposit: Other Strategies
13:30 - Do LMI Waivers Still Apply in Trust Structures?
15:57 - How to Pull Your Plan Forward by 3-5 Years1
8:20 - Outro
If you’re looking to scale your property journey smarter, faster, and with less capital upfront this is your episode.We hope you enjoy the episode, don't forget to give us a follow and give us a rating if you've enjoyed our insights!
CONNECT WITH FOURACRE FINANCIAL:
Instagram:https://www.instagram.com/fouracre.financial/
Linkedin: https://www.linkedin.com/company/fouracre-financial/Website: https://fouracrefinancial.com.au/
CONNECT WITH THE PROPERTY NERDS:
Instagram:https://www.instagram.com/thepropertynerdspodcast/
TikTok: https://www.tiktok.com/@thepropertynerdspodcast
CONNECT WITH ARJUN:
Instagram: https://www.instagram.com/arjpaliwal/
Linkedin: https://www.linkedin.com/in/propertybuyersagent/
CONNECT WITH INVESTORKIT:
Instagram: https://www.instagram.com/investorkit.com.au/
Linkedin: https://www.linkedin.com/company/investorkit/
Website: https://www.investorkit.com.au/
This Podcast was Recorded & Produced by KYU Media. For Production related inquiries please get in touch with us at https://kyumedia.com/
74 episodes