podcast

How to grow your portfolio faster using equity

By Staff Reporter
0

Paul Myliotis, general manager, Oasis Property Buyers

 

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In terms of using equity to grow your portfolio, that's a question I get asked consistently. You definitely need a lender who will allow you to do valuations on your property consistently at no cost to you. And they are available out there in the marketplace. So in theory the way that you use equity to purchase another property is whenever your existing property grows in value, you get a valuation and you try and get an increase in that value to use as a deposit for your next property. It is complex. You should get good advice on it but having a lending package and a broker that is associated with your plan is very important.

Listen to other instalments of The Smart Property Investment Show:
Episode 70: SPI special episode: buyer’s agent answers more listener questions
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
Episode 68: Special episode: audience discussion live from the Property Buyer Expo
Episode 67: Don’t get ‘caught up in the now’: an expert reveals his tips for success
Episode 66: Wealth distribution: how should you manage your money?
Episode 65: Real estate agents: what separates the good from the bad?
Episode 64: How this investor learned from a property blunder
Episode 63: Q&A session: the SPI team answers your questions
Episode 62: Property procrastination: the importance of finding help
Episode 61: The ins and outs of strata: what buyers should consider
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