{"id":4906,"date":"2008-09-16T07:00:19","date_gmt":"2008-09-16T12:00:19","guid":{"rendered":"http:\/\/magic1host.com\/blog\/2008\/09\/16\/finance-multiple-properties\/"},"modified":"2008-09-16T07:00:19","modified_gmt":"2008-09-16T12:00:19","slug":"finance-multiple-properties","status":"publish","type":"post","link":"https:\/\/magic1host.com\/blog\/?p=4906","title":{"rendered":"Finance Multiple Properties"},"content":{"rendered":"
by James L. Hardcastle<\/div>\n

Melbourne, Australia is a booming place for many businesses, not the least of which is real estate<\/a> investing. No matter what branch of real estate you are in or want to get in, you should have the information that will bring you large profits? Profits that you will realise by financing multiple properties.<\/p>\n

Anyone can take advantage of these strategies. From the minor property owner<\/a> with one or two rentals to the major movers and shakers with property on every corner. In truth<\/a>, the latter group is probably already proficient in this type of financing. Moreover, what better time than this when Australia’s real estate market is on the rise?<\/p>\n

Common sense will tell most people to sell some of what they have in order to afford what they want, and usually that is sound advice. Why part with a good rental income though? On the other hand, really what sense does it make to trade one house for another? Especially when you can leverage what you currently have. Kind of like having your cake and eating it too.<\/p>\n

For instance, let us assume you currently own three properties free and clear; that simply means no loans or mortgages. Let us further assume the market value of owned property is $100,000 each. Now a lot of people would prefer to sell these to finance future endeavors. However, that is not really building a real estate portfolio is it? The idea is to continually grow your holdings.<\/p>\n

The better plan is to find the undervalued homes on the market. You may know these better as potential flips. Your current property may even be a flip that you have not turned yet. Of course if you have operated strictly as a landlord then this idea may be foreign to you.<\/p>\n

Flipping is buying the worst house in the best neighborhood at a price far below market value. You then use your resources to improve and repair the home so that you can sell it for a huge profit.<\/p>\n

All right now, let’s return to the property you currently own. How can you use it in a way that will allow you to finance multiple properties? Simple, once you have located your next good flip or rental house and have it sewed up you will then take out a home equity line of credit<\/a> on your current property to fund the purchase and repair. Easy right?<\/p>\n

One caution here, though. You will need to be careful when making the deals. Do your homework on the properties to flip and research the people you are dealing with. You do not want to have your home equity sunk into a white elephant. Once the dust settles, you should have several great homes that you can either reap residual income from or sell one or more outright and receive a lump sum for the bank while paying off all the debt you incurred on the flips. An independent financial advisor can be a priceless assistant.<\/p>\n

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About the Author:<\/div>\n
Author: James L. Hardcastle is a professional from Loans Australia <\/a>and he knows all about property investing and can help you with creative finance at Loans Australia.<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Melbourne, Australia is a booming place for many businesses, not the least of which is real estate investing. No matter what branch of real estate you are in or want to get in, you should have the information that will bring you large profits? Profits that you will realise by financing multiple properties.<\/p>\n","protected":false},"author":987,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[77],"class_list":["post-4906","post","type-post","status-publish","format-standard","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/987"}],"replies":[{"embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4906"}],"version-history":[{"count":0,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/4906\/revisions"}],"wp:attachment":[{"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magic1host.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}