Rachel-Ann Wicks proves that you can not keep a good woman. A decade after the rejection of her first loan application, she has managed to invest in property, renovate and run a business, and she wants to be even more efficient.
Rachel-Ann started her first business even before she was 20 years old, as she was looking for a challenge.
"At the age of 19, I started my own promotional marketing business because the rate of learning at the university was too slow," she admits. "I wanted to be able to control my financial future and not have to wait for Prince Charming to take care of me."
This desire to support himself financially also motivated his decision to embark on real estate investment. In 2007, Rachel-Ann's business had been in crisis for three years and had more than 30 employees. So, with her thriving career, she started getting a loan to buy her first property. However, she encountered her first roadblock when banks reviewed her situation and immediately declared "disagree".
"The banks saw only risks – I was single, a woman of childbearing age and a small business. My broker could not get prior approval, "says Rachel-Ann.
However, she was too motivated to be dissuaded and continued to communicate with her broker and accountant until she finally got the crucial "yes" from a bank two years later. – from one of his own clients, not less.
With her finances in order, she spent the next few months traveling the central coast of New South Wales to find the perfect property before finally settling into a three-bedroom house in the heart of New South Wales. the suburbs of Bateau Bay. She did extensive renovations on the property with the support of her family and friends, and the investment eventually generated equity.
Find out how Rachel-Ann has taken advantage of this first investment in a 7-digit profitable real estate portfolio, in the feature article full of the July 2019 edition of Your Investment Property. On sale at Coles press agencies and supermarkets from June 6 to July 4, 2019; or download the magazine now.
Top suburbs:
alexandra hills
,
Wiley Park
,
Midland
,
spring wood
,
Westbrook
Get help for your real estate investment
Do you need help in finding the right loan for your investment?
When you invest in real estate, it is important to make sure that you do not only have the lowest available rate that you can get, but you also have the features of ready adapted to your needs.
Just fill in a few details below and then we will arrange for a local Australian mortgage broker to contact you and sort out the problem What features or what types of loans are suited to your needs? We will even help with the paperwork. In addition, an appointment is free.
We value your privacy and treat all your information seriously – you can check
our privacy policy here
