Just a question is there a time limit to buying a investment property using equity in property you just bought 4 months ago, or as long as theres enough equity in the property
This is a great question Ben! It comes down to your lender and how soon they’ll allow the refi to pull equity If you’re working with a broker that walks the talk they should be able to walk you through the steps Just keep in mind if you paid LMI ( lenders mortgage insurance) to get in and refi out above 80:20 again you’ll need to pay LMI again
There’s very few investors that have actually built a portfolio, BA or not that, will tell you waiting is a good idea 100% Dawn has a vested interest in people buying more but this episode isn’t about more people using her to buy it’s about making sure you don’t miss opportunities
"LMI is just the cost of doing business".....what a great way of looking at it, rather than holding off to avoid it. Although I feel like anything sounds good when said with that accent 😁
Property crash no . Property correction yes . History shows that prices don’t always go up . Buying now is still okay if you’re going told to hold for the long haul . Just be prepared for a few years of little to no growth at some point.
Just a question is there a time limit to buying a investment property using equity in property you just bought 4 months ago, or as long as theres enough equity in the property
This is a great question Ben!
It comes down to your lender and how soon they’ll allow the refi to pull equity
If you’re working with a broker that walks the talk they should be able to walk you through the steps
Just keep in mind if you paid LMI ( lenders mortgage insurance) to get in and refi out above 80:20 again you’ll need to pay LMI again
@pizzaandproperty1246 thanks mate, love the podcasts 👍
I respect Dawn's opinion and agree on that. However, no buyer's agent will come and say dont buy :)
Its always a good time to buy and always a good time to sell :)
There’s very few investors that have actually built a portfolio, BA or not that, will tell you waiting is a good idea
100% Dawn has a vested interest in people buying more but this episode isn’t about more people using her to buy it’s about making sure you don’t miss opportunities
Which property should i invest my 100$ in ?
If you’re starting with “$100” try Brick X
www.brickx.com
"LMI is just the cost of doing business".....what a great way of looking at it, rather than holding off to avoid it. Although I feel like anything sounds good when said with that accent 😁
Absolutely! About LMI and Dawn voice haha
Dawns the real deal
She’s a bit of a gun 💪🏼😊💪🏼
Property crash no . Property correction yes . History shows that prices don’t always go up .
Buying now is still okay if you’re going told to hold for the long haul . Just be prepared for a few years of little to no growth at some point.
100%! not ever year can be boom times
Inflation is the wild card. Could drive rates up
Good point! But It’s been tracking pretty tracking pretty well lately
Buyer agent wants 20k plus to buy a property 😂 looks like business drying up.
Haha not the best takeaway from the episode bro
It’d be great to see diverse perspectives on your channel-it’s always buyers’ agents. Fair for them to disclose their fees too, don’t you think?