Conversations with a Pug – Already own home. Should I buy investment property?
If you’ve been making regular repayments and have finally paid off 20% of your mortgage, now is a great time to think about investing in real estate.
You might not need a deposit
When you own your own home (or have more than 20% equity in its value), you may not need to make an upfront deposit as your existing property essentially becomes security for the investment loan.
You can draw on your equity
Use the capital already existing in your home to borrow more so you can buy better value investments and charge a premium rent.
If you’re thinking about jumping on the property investment bandwagon, I can help advise you on everything involved with the finances you’ll need. Reach out and let’s talk.
My Very Best To You Always,