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In this Finance Friday Wealth Coffee Chat, Cang discusses how to use existing equity in properties to build a property portfolio. He shares a client’s success story of using equity to purchase a property and increase its value, resulting in access to additional equity and explains two scenarios for using the equity: using it as a deposit for an investment property or borrowing 90% of the equity to purchase multiple properties. Tune in and Let’s Wealth Coffee Chat!
00:00 – Using Equity to Build a Property Portfolio
08:02 – Two Scenarios for Using Equity
09:43 – Understanding the Benefits of Equity
13:14 – Accessing Equity During Favorable Conditions
16:43 – Options to Avoid Mortgage Insurance for Certain Professions
18:29 – Superannuation as a Hidden Wealth Strategy
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