podcast

Top tactics for increasing equity

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Victor Kumar, director, Right Property Group

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One of the easiest ways to increase your equity in a property is to obviously undertake a cosmetic renovation. Now one of the rules of thumb that most people implement is that for every dollar that you spend on renovation you need to be making at least $3 in equity. Now often that does not work out because if you're focussing totally on properties with renovation potential the first step is to actually  buy it at the right price. So it spall starts with buying that property at the right price so that you can actually manufacture the equity.

 

Listen to other instalments of The Smart Property Investment Show:
Episode 78: The house sitting venture helping this young couple achieve their investment goals
Episode 77: How will the government's changes to tax depreciation impact investors?
Episode 76: SPI portfolio update: what's next for the team?
Episode 75: How travelling cross-country helped this investor buy 9 properties in 6 years
Episode 74: How this investor plans to double his portfolio within 10 years
Episode 73: Bad builders: how this investor bounced back
Episode 72: Policy changes to interest-only loans: what buyers need to know
Episode 71: How this 'stubborn' investor recognised a property lemon
Episode 70: How this investor complements each property and balances his portfolio
Episode 69: Are you a ‘lazy’ investor? Consider the benefits to working with a financial team
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