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 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
Episode 51: SPECIAL EPISODE: SPI team reveals all the financial details of its portfolio
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