Refinancing and Cash Out Explained
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Refinancing and pulling out your money is a great way to keep recycling your cash.
\\nIt’s a model where you buy, refurbish and then refinance taking your money out.
\\nWhen you have added value and taken out your money you still have an appreciating asset making this as Shaz says ‘a beautiful model that you can keep using over and over again’ listen in and hear how to get started
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KEY TAKEAWAYS
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- This is the basic buy, refurbish, refinance and rent and it’s a model that works really well \\n
- You buy a property and renovate it adding value \\n
- After renovation, you refinance to pull out your money \\n
- Once your money is out you have an appreciating asset you can rent \\n
- Buy to let financers usually won’t refinance until after 6 months \\n
- With a commercial conversion, there are more units and more value \\n
- It is investing in a property refurbishing it and then pulling all your money out \\n
- Leave some of the value in the property \\n
- You can use your money for the next project \\n
- There is no tax to pay because you haven’t sold the asset \\n
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BEST MOMENTS
\\n‘You can keep recycling your cash’
\\n‘It’s a model that works beautifully’
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VALUABLE RESOURCES
\\nshaz@aaa-accountants.co.uk
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ABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
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This show was brought to you by Progressive Media
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