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Bryce Holdaway

04/08/2017
Blog post by Bryce Holdaway

Equity: The Power Within

What’s the power within your own home? Equity!

As Bryce explains in Money Magazine’s Special Edition issue, using the equity in your existing property allows you to invest without chipping into your own savings and takes the time spent saving for a deposit. Basically, after you release the equity, you can use it to purchase an investment property. It’s the process of buying a home with an investor’s mindset!

Not only does Bryce explain exactly how to go about this process, but also he includes a checklist for an equity strategy, a pros and cons list, tips and a case study to demonstrate how releasing equity can build your wealth, allowing you to retire with a passive income for life.

Enter the property market straight away by following these steps:

  • Set up an investment facility
  • Get pre-approval for the purchase
  • Use line of credit to pay for the investment property
  • Provide these funds at settlement, making sure to leave a buffer in place

Pros

  • Match “capacity” with intent
  • Start immediately
  • Use “your money” for household expenses
  • Make “lazy” equity work
  • Get tax deductions
  • No deposit needed

Cons

  • It’s easy money
  • You don’t have as much cash to spend
  • Your home is collateral

There are risks involved unlocking the power within. However, with the right advice—a professional team on your side—you can minimise these possibilities by sensibly using your equity.

Release your power!

Click on the image to read the full article.

 

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