In Episode #7, we discuss the difference between equity and useable equity + how that impacts your ability to become a property investor.
Most people become first-time property investors by leveraging their own homes to secure the deposit for their investment.
In the episode, we discuss the way to do this: 1) take out a separate loan against your own home, 2) use the money from that loan as a cash deposit to secure a secondary loan from another bank, 3) use the two loans together to fund the full purchase price of the property.
To find out more about the podcast and property investment in general, check out our Epic Guide to Property Investment in NZ.
The Property Academy Podcast