Should Owen use equity from his property to buy a farm? Mortgage Broker Chris Bates explains the pros and cons of equity release
Australian Finance Podcast
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Maximizing Opportunities and Leveraging Equity
The chapter discusses the strategy of leveraging equity from a property to buy other assets like shares or investment properties, highlighting the advantages of leveraging with property due to tax deductions and owning property while building an investment portfolio simultaneously. It also explores the potential of using equity from a property to make investment decisions, considering income, growth trajectory, borrowing capacity, and real estate market trends. The conversation delves into redrawing equity from a property in a financially smart way, emphasizing the importance of getting a good valuation and not squandering the money on non-asset-increasing ventures.
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