Common Mistakes Landlords Make #6 Losing focus on the bigger picture: If you are serious about your property investing and truly want to create a better financial future for yourself and your family you need to remain focused on building a portfolio. In order to do this you need to be able to leverage the equity you have in your portfolio. The higher your equity and rental returns, generally the more you can borrow. In order to establish the value of your portfolio your bank will use an independent valuer who will establish the value of your property. It is crucial you understand what the value they have put on your property and compare this to what you think. If they have under-valued it substantially, you should follow up on this with your bank. Prepare a list of sales comparable and talk these through with your bank and don’t feel you have to just accept whatever value they put on it. If you have a valid argument they will often listen to you.
Posted on: Tue, 03 Sep 2013 02:49:07 +0000