Abstract
Debt, in some form or another, is part of our financial profiles whether we like it or not. And it can be a useful way to build wealth if it is managed carefully and wisely.
For example, you may borrow money from the bank to buy an asset – a resource of economic value that generates income from its productive use. Investment property is an example.
So investing in an income-producing property can be a good idea.
If you are already in the property market, the home equity you’ve accumulated – the share of the property value that’s yours – can help you buy a second property. This time, you may not need a deposit as big as the initial investment.
For example, you may borrow money from the bank to buy an asset – a resource of economic value that generates income from its productive use. Investment property is an example.
So investing in an income-producing property can be a good idea.
If you are already in the property market, the home equity you’ve accumulated – the share of the property value that’s yours – can help you buy a second property. This time, you may not need a deposit as big as the initial investment.
| Original language | English |
|---|---|
| Pages | 1-3 |
| Number of pages | 3 |
| Volume | 2023 |
| No. | January |
| Specialist publication | The Conversation |
| Publication status | Published - 23 Jan 2023 |