The Property Podcast
ASK445: How do I convert growth into cash? PLUS: Can I get my lender to recognise improvements I've made?
Sep 10, 2024
On this episode, the hosts delve into how to transform capital growth from a property portfolio into accessible cash. They weigh the benefits of selling assets versus leveraging equity for wealth extraction. Additionally, they discuss how homeowners can boost their property's valuation through renovations and how to effectively navigate mortgage revaluation processes. Listeners learn about refinancing options and the value of consulting a mortgage broker for personalized guidance.
06:59
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Quick takeaways
- Leveraging equity from a capital growth-focused property allows owners to access tax-free funds without selling their investments.
- Requesting a re-evaluation from lenders can recognize property improvements and potentially increase borrowing capacity for homeowners.
Deep dives
Wealth Extraction Strategies
Extracting wealth from a property portfolio can be accomplished through various strategies. Selling a property can provide immediate funds, but this approach eliminates ongoing income from rental yields. A more advantageous method is leveraging equity in existing properties without selling, allowing owners to borrow against increased property value. This tactic enables individuals to access tax-free funds, as borrowed money is not taxable, which can facilitate financial growth without parting with investment properties.
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