Pizza and Property Weekly Slice 225: Are You Using Equity Wrong? Here's How It Actually Works! - With Jeremy Iannuzzelli & Todd Sloan
Are You Using Equity Wrong? Here's How It Actually Works!
Equity is defined as the difference between the valuation of an asset, like a property, and the outstanding loan on that asset. For example, if a property is valued at $1 million and has a loan of $500,000, the equity is $500,000.
This is how it works in a nutshell, but what does it truly say when you take a closer look at how you can maximise extracting usable equity?
That's why on this episode, Jeremy Iannuzzelli is here to discuss how equity really works and what the common pitfalls are that people seem to make when using equity.
Jeremy advocates for splitting the extracted equity into smaller amounts. This approach simplifies tracking and managing the loans, especially when it comes to tax deductions and understanding the costs associated with each property.
This is just one of the many aspects discussed in this episode. If you want to hear about the full details of how to use equity properly, then click on this episode today!
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Get in touch with our amazing episode contributors & sponsors:
Chat with Steve Ash today: https://www.propertystrats.com.au/
InvestorKit: https://www.investorkit.com.au/
Rob Flux: https://developernetwork.com.au/events
Jeremy Iannuzzelli: https://www.praediumpartners.com.au/contact
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