“We did actually spin up a sideline, uh, property company and, uh, they had some equity and not”
“You would then be able to borrow up to 90% of that amount… you put no money down from your own cash, it would just be equity from one property into the next.”
Personal Finance with Ravi Sharma | Australian Finance & Property Podcast · First Crash, Then Boom? | Australian Property Price Predictions!
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What was described
Borrow up to 90% of equity increase from a property to fund the purchase of a new property with no cash down
Property bought for $700K, rises 20% to $840K, equity $140K, borrow $130K (≈90% of equity) to buy next $700K property, controlling $1.5M assets
Said nearby on the same subject
“I wouldn't use the funds to buy investment properties. I'd be using the funds to reduce my owner-occupied debt and then leveraging to buy investment properties.”
“We've helped over 1000 clients purchase properties, build their wealth and create hundreds of millions of dollars in equity.”
“If my property has come down 10%, the one and a half million dollar property I want to buy has come down 10%, then financially I'm actually ahead”
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