Equity is the same as cash, and it can be used as a deposit to buy an investment property.
To find out how much equity you have in your own home or investment property simply:
1. Get a valuation on your property.
2. Find out how much debt you owe on the property.
3. Talk to a Mortgage Broker.
They can help you work out if you’re in a position to buy another property or not.
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