On Property Podcast
What Is Equity? (Lesson 5: Intro To Property Investing)
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:04:35
- More information
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Synopsis
ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode Equity is a term used a lot in property investing and it is really important when building a portfolio. But what is equity and why is it so important? Equity is a term used a lot in property investing and it's really important to understand it. Especially when you're going from property number 1 and you want to jump in to number 2 or 3 or 4, etc. So, what is equity and how does it impact your property investment journey? Hey, guys, I'm Ryan from onproperty.com.au and I help people find positive cash flow properties all over Australia. And you're listening to lesson number 5 in our series on the Introduction to Property Investing. So, what is equity? In short, equity is difference between the debt that you have on a property and how much that property is actually worth. So the easiest way is for me to actually show you this and let's use an example. Let's say you have a property that is worth $500,000. Bu