Finding a team

Hi Lachland

Corey Batt is your best bet. He’s done all my loans and invests himself and he contributes info to these forums too. Reach him on [email protected]

The accountants that post a lot on here are some of the cleverest too – check them out.

First: Revisit your goals – clarify your vision of where you want to get to. Write down your desired portfolio.
Second: Pursue good finance and tax advice – to make sure your next steps are ok
Third: Do the refinance as soon as you have enough equity
Fourth: Purchase 2nd IP and try to repeat what worked (ie purchasing under market or into a rising market or with value add potential. Ideally all 3 of those things!)
Fifth: Improve your ownership systems so you can handle more property. Make sure your property manager, other team members are all top notch.
Sixth: Go back to 1 and repeat the process.

Richard Taylor wrote:

Look to go back to your current lender and do an equity loan.

Agreed.

Your existing lender should be your first point of contact – look at ordering an upfront valuation first so you can determine how much equity there is to access.

If the valuation comes in low then consider ordering another via a different lender- in the hope of getting a more favorable result.

Cheers

Jamie