podcast

How to build a multi-property portfolio without getting stuck

Brendan Kelly
0

Brendan Kelly, Director, RESULTS Mentoring

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So how can an investor build a multi property portfolio and avoid getting stuck? The answer is knowing what "stuck" is, and "stuck" is not having enough money to create a deposit for another purchase or not having the borrowing capacity to seal the deal and settle on it. So how do you avoid that? The answer is being prepared to sell. In order to move forward you need to release equity and you need to release some borrowing capacity, and selling a property at the right time will do exactly that. When you've got a property in your property portfolio in a market that's starting to plateau, starting to cool down, it might be the perfect opportunity to sell so you can then go and buy again in an area that's about to take off.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 61: The ins and outs of strata: what buyers should consider
Episode 60: The pros of using a buyer's agent: why this investor brought someone in
Episode 59: How to invest in property as a team: two investors share their secrets
Episode 58: When do you stop investing? The SPI Show answers more listener questions
Episode 57: Wealth creation through property: trends and themes to think about in 2017
Episode 56: The SPI Show accountant reveals all: How to pick your financial team
Episode 55: The reluctant property investor: How necessity drove an 18-property portfolio
Episode 54: The SPI Show Q&A: Listener questions answered honestly
Episode 53: 6 properties in 2 years: how this investor is achieving his goals
Episode 52: Will property prices fall? When? And by how much? What investors need to know
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