Equity is the difference between what you owe on an asset (like your home) and what your asset is worth.
If you have a home worth $400,000 and owe $210,000 then you have $190,000 in equity in your home. Current lending could allow you to access 60-90% of this $190,000 for use on your first deal.
An initial property investment strategy is to simply finance the funds required for the whole deal from the equity in your current assets – normally your home but perhaps a share portfolio, cash reserve or super fund.
In some cases you may be able to enter into the property investment market with initial cash outlay.
I know I have equity in my home or other assets– what do I do now?
Fill out a Portfolio Review and give us a call in the coming days to make time to meet and discuss your strategy.
If you are not quite ready for that you can also sign up for our newsletter The Mortar and The Money and stay in touch with the property investment and finance market and Portfolios.
Equity is the difference between what you owe on an asset (like your home) and what your asset is worth.
If you have a home worth $400,000 and owe $210,000 then you have $190,000 in equity in your home. Current lending could allow you to access 60-90% of this $190,000 for use on your first deal.
An initial property investment strategy is to simply finance the funds required for the whole deal from the equity in your current assets – normally your home but perhaps a share portfolio, cash reserve or super fund.
In some cases you may be able to enter into the property investment market with initial cash outlay.
I know I have equity in my home or other assets– what do I do now?
Fill out a Portfolio Review and give us a call in the coming days to make time to meet and discuss your strategy.
If you are not quite ready for that you can also sign up for our newsletter Mortar and The Money and stay in touch with the property investment and finance market and Portfolios.