Ankerstar Wealth Ankerstar Wealth
  • Home
  • Morning Show
  • Team
    • Our Team and Core Values
    • Meet the Team
    • Our Heritage
  • Services
    • How We Add Value
    • Who We Serve
    • Financial Planning
    • Investment Approach
    • Retirement Planning & Income Replacement
    • Paying For Your Child’s Education
    • Financial Planning For Retirement
    • Increasing Income From Investments
    • Real Estate Planning
    • Tax Planning
    • Business Owners
    • Preparing For Uncertainty Like a New Family Member
  • Fees
  • FAQs
  • Get Started
Case Study

Real Estate Planning

  • Our Clients
  • How to Get Started
  • Client Situations
    • Paying For Your Child’s Education
    • Financial Planning For Retirement
    • Increasing Income From Investments
    • Real Estate Planning
    • Tax Planning
    • Business Owners
    • Preparing For Uncertainty Like a New Family Member
  • FAQs

Typical Client Situation -- First Home Buyers

Michael and Sandra when they were in their mid-20s and had been dating for some time. They were looking to take the next step and purchase their first property together. Michael makes $80,000 per year and Sandra makes $90,000 per year.

They both work full time and also want to enjoy their lifestyle. They are renting and spending approximately $1,800 on rent each month. Meanwhile, they had accumulated $80,000 in cash for a deposit, and were unsure whether they should rent their first property out as an investment property to reduce their tax position, or whether they should purchase it and live in it. They were looking at a property to the value of $450,000 and expected to rent it out for $2,000 a month.

How We Can Help

Michael and Sandra have a good budget that they are quite diligent with and this definitely has assisted them in achieving their savings. They estimated they would need to borrow an additional $370,000. Our planners would walk the clients through the pros and cons of having an investment property versus a principle residence, and the effect this would have on their overall financial situation.

Once we presented the couple with some scenarios on what each strategy may look like, they were able to make a decision on what was best suited to their lifestyle, and decided to continue to rent and purchase an investment property. We then referred them to our internal mortgage broker who assisted them in establishing their loans and found the right loan structure for them. Our advisors then provided them with advice on the recommended insurance requirements based on an analysis of their needs.

Finally, we assisted them in reducing the principal on their loan in as short a time as possible, in order to make their property positively geared to later draw on for their next property. 12 months later, Michael and Sandra have $200,000 debt remaining on their property and are starting to plan for their next investment.

Related

Compliance Documents

Let’s meet today.

No charge for initial meeting.

Click here. Get started
Testimonials

We take the time to understand our clients' situation and tailor our advice to their specific needs which can be quite complex.

round rock financial planner
Steve Ankerstar, Founder

Our clients appreciate the independent, highly personalized service they receive from Ankerstar Wealth.

Steve AnkerstarFounder

Get in touch

3038 Covington Pl
Round Rock, TX 78681

(512) 937-6750

VIPservices@ankerstarwealth.com

Recent Posts

  • AW Update – May 24 – ANF Earnings, SNAP Crash, Tesla Stock
  • AW Update – May 23 – IRS Form 5498 – What is for?
  • How to Assess and Control Investment Risk in Your Portfolio
  • AW Update – May 19 – The Difficulty of Investing, Recession Odds, Out of Cycle Rate Raise?
  • AW Update – May 18 – Financial Wellness, TGT Earnings, Mortgage Demand

Stay informed

Sign up to receive the latest news and resources

© 2021 Ankerstar Wealth, LLC.

  • FINRA Broker Check|
  • Compliance Documents: ADV Part 2A & ADV Part 2B|
  • Privacy Policy|
  • Terms and Conditions|