How Kerwin and Anthea Found A Safe Way To Use Equity From Their Family Home To Invest In Property
“The information I got from Binvested and Daniel at the map session…was too valuable…it just changed everything…We should have done this 10 years earlier.
Kerwin and Anthea P, Sydney Australia
Name, age, occupation: Kerwin Plaatjies, 41,Structural Draftsman and Anthea Plaatjies, 41, Office Manager
Starting savings: $85,000
Starting equity: $100,000
Achievements With Binvested
Number of properties with Binvested: 2
Current Binvested property total worth: $575,000
Current Binvested property net worth: $43,000
Current Binvested property rental income: $580 per week
Current Binvested property mortgage repayments: $369 week
Duration with Binvested: 6 months
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Kerwin and Anthea’s Story
41 year-old Kerwin Plaatjies has always had a keen interest in property investment, but knew he and wife Anthea were restricted by the mortgage payments they were making on the house they already lived in.
About four years ago, Kerwin began to think seriously about investing in another property to pay off their home, but the couple were wary of getting into debt. Kerwin says that he suggested extending their mortgage in order to purchase another property.
Kerwin believed that this strategy would mean “we’ll have more money to put into another property, however Anthea wasn’t keen on that idea”.
In 2015 before becoming involved with Binvested, he and his wife Anthea bought a three bedroom investment property in Sydney for $330,000 after borrowing $360,000 in a loan from the bank. The property was negatively geared and left them feeling financially strained.
Kerwin began to look online for advice about successful property investment strategies and he came across Binvested on YouTube. He says this helped to alter his mindset. “I started watching the videos and it just changed my mindset and changed my thinking and told me not to be scared of debt”.
Kerwin and Anthea decided to book themselves in for a map session. During the session, Kerwin was alerted to the possibility of uncrossing their investment loan from their principal home, so that their investment wasn’t a liability. This allowed the couple to access more finance, and stopped the banks from turning them away. “The information I got from Binvested and Daniel at the map session…was too valuable…it just changed everything”.
The couple chose to proceed with Binvested. Kerwin and Anthea decided to withdraw $100,000 in equity from a combination of their personal home and the investment property they had bought in Sydney so that they would be able to start purchasing through Binvested.
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