The Do's and Don'ts Of Leveraging Equity In Your Home To Build Wealth

Today,  I discuss how to intelligently leverage the equity in your home by building a strategy to achieve your goal to build wealth.

When we are talking about property there are a lot of ideas to turn that equity in your family home wisely and it has the potential to totally transform your financial future.

 

What we discussed in this episode:

1. [01:05] Restrictions lifting
2. [02:10] Finalising online courses: Airbnb and WonderWomen
3. [06:12] Setting a goal and the strategy to achieve it
4. [08:20] What do you want your outcome to be?
5. [10:18] Manufacture growth with renovating
6. [11:35] Timing and time in the market.
7. [13:03] Focusing on quality not quantity
8. [14:54] Aim for both capital growth and yield
9. [17:45] Separate your sources of information & property
10. [18:35]Use due diligence to build trust with your buyer’s agent
11. [19:20]Maintain a healthy buffer
12. [20:21]How much you’ll need for a deposit
13. [21:23]Buying in the right legal entity

 

Resources:

1. Wonder Women: https://theschoolofrenovating.com/wonderwomenwaitlist
2. She Renovates Facebook group: http://theschoolofrenovating.com/FBSheRenovates
3. Style Guide booklet: https://www.theschoolofrenovating.com/styleguide
4. TAFE: https://www.tafensw.edu.au/fee-free-short-courses
5. Tony Robbins: https://www.tonyrobbins.com/ask-tony/can-create-compelling-future/
6. 5 Steps To An Epic 2020: https://www.theschoolofrenovating.com/56-5-steps-to-an-epic-2020/
7. Her Take On Negative Gearing: https://www.theschoolofrenovating.com/episode-18-her-take-on-negative-gearing

Did this episode inspire you? If you have any thoughts or comments about the show, head over to She Renovates iTunes, and leave us a review. Also, don’t forget to subscribe, tune in, and share this podcast

 

Connect with The School of Renovating:

• Tune in to the She Renovates Podcast https://www.theschoolofrenovating.com/podcast/
• Follow on Twitter https://twitter.com/renovatingsc
• Follow  on Instagram https://www.instagram.com/the_school_of_renovating
• Follow  on LinkedIn https://www.linkedin.com/in/bernadette-janson-3411652b/