One of my mates has a beautiful home – wonderful inside and out. They also own an investment property, which provides them with a good income stream. They’re making good money, and they’ve got plenty of equity, but their existing financial institution won’t give them the money they want to buy their next investment.
Why? Well, because it’s structured all wrong.
My mate really wants to invest but his wife is adamant that they are NOT moving out of their home and sacrificing the lifestyle they have worked so hard to build just to free up equity.
Fair call – I reckon. If this was you – what would you do?
Well, here’s what I’d do – I’d make sure the finance was structured properly, and I’d use multiple lenders to look after my own interests, not just one, who will look after the bank’s interests.
If you don’t know how to do this – you should talk to someone who does, then you can have your cake and eat it too!