How To Buy An Investment Property Deposit?

Right, I get it. Trying to buy an investment property, getting a deposit together. Do I look at my own home loan? Do I look at something else? How do I get my deposit together for a property investment? Someone's told me I have lots of equity in my home. How do we access that? Couple of things just to help you out as you are getting these videos. One is that you can access your equity in your current property to fulfill a point of providing deposit, paying for the stamp duty and paying for the legal costs and other miscellaneous expenses that come along with purchasing a property. You can separate that from your main mortgage and help with your accountant to make it easier and that they won't throw a massive bill at you because it's a little bit more organized. There's ways, if your equity is just about to be released and you need to exchange on a property, there's ways to deal with how you can exchange on a property when the money is tied up in another property at the moment. And that's called a deposit bond or an insurance certificate that you're able to provide the money a bit later on down the track. Can you borrow 100% of a property? Well, you can't borrow on one exact property at 100%, but you can borrow the new property at 80% and then get a smaller 20% with your current home. So overall you're borrowing more than 100%. You can do that. You can also save up some money and put some money towards it as well. But depending on your strategy, that may be a very good thing to do and it helps with the rate of return. Or it may be something that you can keep a buffer in your mortgage as well. Buying an investment property with a deposit keep, it can be via your own home, it can be via cash, and we can get around if the cash isn't available by using a deposit bond. Anyway, I hope this is helpful and we'll talk soon.