MelbourneExperts replied to the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 1 year ago
Good read – thanks for that.
Was recommended this group by Chris – glad he did!
considering the costs of selling – I think getting a firm understanding of the cost to fix the unit is well worth it. Worst case you have the figures in case a buyer wants to know so they’re less likely to give a random low ball.
Hope this helps.
Organise a new loan split on the PPOR for 20%+ purchase costs, then borrow the residual 80% against the new purchase.
Or if you have the equity and plan to make multiple purchases, borrow out via a separate split as much as you can up to 80% LVR on the PPOR, then you can draw from this via this as needed for the purchases. Ideally use a lender…[Read more]