33 | Q&A - Investing with Equity, First Home Buyers Tips, Buy-Reconstruct-Sell Strategy and Leasing to Relatives
Oct 15, 2015•30 min
Episode description
It’s Q&A time! In this episode, Bryce Holdaway and Ben Kingsley will be addressing some topics:
- Finance-related question from Kat: Would you please explain more about using equity? E.g. I heard from a broker that one needs to refinance the loan on the existing property – does this mean the old property and the new one to be purchased are tied together? To assess the equity available, does one first need to pay for a valuation report on the existing property?
- Leverage question from Naomi: Selling my investment property to pay off the mortgage on my family home leaves me debt free and with the ability to then use all the money I currently pay on the family home mortgage for investment purposes with tax-deductible debt. Is this a good strategy? Is there a better alternative you would recommend?
- Investing strategy questions from Andy: Is it worth buying an older property close to the coast however a little further out from the city to sit on with the view to demolish with a larger land size or to invest in a more expensive smaller property which could be a little closer to the city?
- Buying a Home question from Tom: I’d love to hear a podcast on your advice to first home buyers - for example, I’ve just started work as a property valuer in Melbourne for the last 5 months, and my girlfriend of a few years finishes studies later this year and we have the hopes of buying our first home together in 18 months or so.
- Investing question from Andrew: What your thoughts are on buying an investment property that is potentially going to be tenanted by a relative?
Other episodes mentioned in this podcast:
- Episode 20: Science of Asset Selection – The Buyer’s Decision Quadrant
- Episode 23: Exit Strategy in Property Investment
- Bryce and Ben’s Book – Pre-order here
If you like this Q&A episode, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop
LISTEN TO THE FIRST 20 EPISODES HERE >>
MOORR MONEY MANAGEMENT APP:
👉 Apple: https://apple.co/3ioICGW
👉 Google Play: https://bit.ly/3OT86bW
👉 Web platform: https://www.moorr.com.au/
FREE MASTERCLASS:
- How to Build a Property Portfolio and Retire on $2,000 a week >>
FREE BEST-SELLING BOOKS:
- The Armchair Guide to Property Investing
- Make Money Simple Again
FIND US HERE:
- Website
- Instagram
- Facebook
- Youtube
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast