The Property Couch 33 | Q&A - Investing with Equity, First Home Buyers Tips, Buy-Reconstruct-Sell Strategy and Leasing to Relatives
Oct 15, 2015
30:02
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
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