So you've got a property, and you're thinking about using the equity to buy an investment property? A really common scenario that we see here at UNO. Typically, what you're going to be doing is taking some of the equity that you have in that existing property and doing what's called a cash-out, and that allows you to draw money out to use as a deposit to buy the investment property. Now there are a few things that you want to keep in mind here as well. One of them is making sure you set this up correctly from a tax perspective, and you want to make sure that you're getting some good tax advice because some parts of the investment loan are going to be deductible, and that's important to get advice on so that you're maximizing that its part of the investment structure. The second thing as well is you just got to be careful if you're going in a situation where you have to do what's called cross-collateralization, where the bank has two loans against two properties and they have it against both at the same time. And that actually can make it difficult if you're trying to sell one of the properties or refinance one of the loans. So before you go and cash out to buy an investment property, make sure you have a chat with a UNO broker to understand how to do this and manage this well so that you set up financially well and also so that you're not limiting yourself in the future.
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