There is no secret get-rich-quick formula. You don’t go to bed one night and wake up wealthy the next morning. There may be people who promise these things, but I have yet to see one that lasts for the long-term.
Refinancing is nothing new, and smart investors have been using this strategy for years to access equity locked up in escalated property values and subsidise their cash flow for rental shortfalls, maintenance costs and deposits on new property.
Property acquired in a correctly structured trust can be held well beyond your lifetime, leaving a legacy of growing wealth for your children and grandchildren.
In determining the value of a residential property, many factors are taken into account: size, age, and condition; number of bedrooms and bathrooms; views; proximity to desired services such as shops; crime statistics; school district; and zoning restrictions.
