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Use the equity in your home to buy another home. You might have your eye set on an investment property, a place for the kids or a holiday home. If you’re thinking about how to finance a second property, did you know you can unlock your existing home equity to do so? The equity in an asset is its value, less any money owed on it.
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· Proper use of leverage has the potential of amplifying the results we can achieve in a dramatic fashion. With this in mind, let us pencil two scenarios for utilization of the $40,000 of available equity. Real Estate Investment Scenario A: Single Family Home. If I were in the Cincinnati, OH, where this student lives, for $40,000 I could certainly buy a single family property which would rent for.
If you’ve secured $400,000 as a home equity line of credit for example, and want to purchase an investment property worth $500,000, then you’ll need to lay out $100,000 for the deposit. Add to this up to $50,000 in entry fees such as stamp duty and legal costs, and you’re left with $350,000.
SPG is my highest conviction buy. Mall real estate investment trusts (‘Mall REITs. of the bunch or the best of the bunch.
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