747 using a parental guarantee to get a better investment property at 23

Dec 2, 2025
20 mins

Episode Description

At 23, Dan* bought his first property as an investment with a combination of hard work, strategy and support from his parents. In today's episode Dan joins Rachelle to share the steps he took to do that, touching on:


๐Ÿ‘‰ the early money habits he established after reading The Barefoot Investor at 15

๐Ÿ‘‰๐Ÿผ his saving and investing journey and how he saved that deposit

๐Ÿ‘‰๐Ÿฝ seeing a mortgage broker and deciding whether to buy to live in vs buy to invest

๐Ÿ‘‰๐Ÿพ asking his parents for a parental guarantee to buy a better asset

๐Ÿ‘‰๐Ÿฟ the type of property, purchase price and location he bought

๐Ÿ‘‰๐Ÿป why he used a BA

๐Ÿ‘‰ the challenges he faced

๐Ÿ‘‰๐Ÿผ and his tip for anyone wanting to get into the market


*Name changed for privacy


Have a question for John and Rachelle? Connect with Rachelle on Instagram: https://www.instagram.com/rachellekroon_money/ or post in our Facebook group: https://www.facebook.com/groups/m3.podcast


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Need clarity on your property situation? Book a clarity call with John Pidgeon: https://www.solverewealth.com.au


Rachelle Kroon is the director and founder of Sphere Home Loans, which sponsors this podcast. Need a mortgage broker? Check out https://www.spherehomeloans.com.au/


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