Adding $50,000 to your next investment property is a great way to help grow your portfolio faster with less risk. But how can is be done? When investing in property, one of the best ways to move from one property to the next property is to invest using the equity from the first property that you purchased. And you can either wait for the market to go up in value and for your property to go up in value or you can add that value yourself and that’s what we’re going to be talking about today. Today, I have with me none other than Ben Everingham, the buyer’s agent. Ryan: Hey, Ben. How’s it going? Ben: Thanks, Ryan, for the intro. Ryan: Today, we’re going to be talking about how to add $50,000 to your next investment property. So we’re going to be looking at some different ways that you can purchase an investment property and quickly add some equity to it so that you can move on and invest again or you can just lower your loan-to-value ratio or whatever it is that you want to do. Hey, Ben, well, I guess, let’s just talk about; apart from the fact that people may want equity to go again, are there any other benefits to instantly adding this sort of equity to a property? Ben: I think the number one thing for me and the reason why I’ve sort of created this strategy for our clients is from a risk perspective. I feel, like we’ve talked about this personally, but I feel less and less comfortable with debt these days. And I feel less comfortable with property investors in general being in debt. And that’s probably based on having a hundred conversations with investors from all over Australia a month. And some of those people telling me about their financial situation. ------------------------------------------- http://onproperty.com.au/392 - View the full transcription and audio version of this episode. http://onproperty.com.au/free - See real positive cash flow property listings
Visibility: 1755
Duration: 29m 35s
Rating: 20