In this episode, we discuss split banking and why you can get more money from the bank if you cheat it on it with another.
This is because when you have all your lending with one bank, they cross secure the assets and you can only borrow a maximum of 70% against the value of your investment properties. But, if you move that lending across to another bank, you're able to borrow up to 80% of the value. That leaves more useable equity within your own home.
We also mention our upcoming property investment webinar, which is being held this Tuesday at 7pm. You can sign up using the previous link.
This episode is based on a previous webinar we held called How to Grow from 2 to 5 Properties. Check out the whole webinar through the link.
The Property Academy Podcast