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Should Owen use equity from his property to buy a farm? Mortgage Broker Chris Bates explains the pros and cons of equity release

Australian Finance Podcast

CHAPTER

Considerations for Borrowing Money with New Business Income

The chapter delves into the considerations of starting a new business and how the income from it can impact borrowing opportunities. It stresses the significance of maintaining an ABN for at least two years and demonstrating a stable trading record to enhance loan approval odds, while also touching on the tax reduction versus wealth scaling dilemma.

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