On this week’s episode of Ask Kevin Young, I’m answering the question “Should you use your house as the deposit on your next investment property?”
This is such a great question as so many people today find it tough to save up enough for a deposit with taxes and the super levy constantly increasing. The good news is that there are other ways to get a deposit for your next property and one of those ways is using the equity in your home.
But the question is should you be using it? There are definitely risks, but it is a great way to get your foot in the door of the property investment market.
Watch my video to find out what I think about using your home as the deposit on your next property.