Summary: It’s Q & A Day, folks!!<br> Off the back of last night’s webinar, “7 Deadly Sins of Building a Property Portfolio” we’ve got plenty of questions leftover that we reckon are going to help you with ALL THINGS LOANS and <a href="http://thepropertycouch.com.au/impact-of-interest-only-lending-webinar/">INVESTMENT LENDING</a>!!!<br> Before it kicks off though … we’ve got a BIG announcement (well, big news for Bryce!!)… so make sure you keep an ear out!<br> So, we’ve got SIX questions to get through, which will help you in avoiding poor loan structure and more importantly, your planning stage of building a property portfolio!<br> <br> Question from Mark:<br> I have a <a href="http://thepropertycouch.com.au/ep63-qa-ip-or-ppor-next-step-portfolio/">PPR</a> mortgaged at the moment, as does my girlfriend. We wish in the future to turn both into investment properties and buy a further property to live in long term. Should we be <a href="http://thepropertycouch.com.au/renovation-does-not-equal-riches/">spending money doing any works</a> to the properties that we currently live in? Or should we spend the bare minimum and save every cent for our “together” house?<br> <br> Question from Laudy:<br> I thought they’d changed the PPR loans and didn’t allow <a href="http://thepropertycouch.com.au/impact-of-interest-only-lending-webinar/">interest only loans</a> anymore — how can this be done?<br> <br> Question from Dean<br> Can you use equity in your investment properties to <a href="http://thepropertycouch.com.au/ep147-qa-exit-strategy-dud/">wipe out your PPR mortgage?</a><br> <br> Question from Chris:<br> I understand the concept of “tapping into property 1’s equity” but HOW do we do it? <a href="http://thepropertycouch.com.au/episode-040-locs-nras-broken-portfolio-dd/">Is a Line of Credit an appropriate method?</a> Is this with the same bank or a different bank? Thanks guys, appreciate the help!<br> <br> Question from Matt:<br> In the case studies it shows the debt on investment properties being paid off over time. <a href="http://thepropertycouch.com.au/impact-of-interest-only-lending-webinar/">When do you switch from IO to P&I?</a> Should you refinance after 5 years to extend IO period as long as possible or switch to P&I when your cash flow allows?<br> <br> Question from Shanki:<br> Regarding <a href="http://thepropertycouch.com.au/ep95-qa-investing-financial-planner/">loan structure,</a> can I use the equity from 1 property to pay the deposit for 2 separate investment properties? Is it similar to collateral?<br> <br> <br> p.s. Here are all the links for today’s podcast!<br> <br> * Wants to join Bryce in his new TV Show, Escape from the City? <a href="https://escape.castasugar.com/?utm_source=CastaCorpSite" target="_blank" rel="noopener">Click here to apply for the spot!</a><br> * Here’s the link to Bryce’s Mindset Minute Article: <a href="https://www.huffingtonpost.com/dr-travis-bradberry/why-you-should-spend-your_b_9490244.html" target="_blank" rel="noopener">Read the article here</a><br> * Interested in Ben’s webinar on the Impact of Interest Only Lending? <a href="http://thepropertycouch.com.au/impact-of-interest-only-lending-webinar/" target="_blank" rel="noopener">Watch it here.</a><br> <br> <br> <br> <br>
