The Property Academy Podcast

EP: 883

Bank Takes $145,000 From Property Investor's House Sale ... Without Asking | Ep. 883

About this episode

In this episode, we discuss a recent property investment story, where a bank took $145,000 of an investor's sale proceeds ... without asking.

The money was used to pay down the investor's personal debts, which they were unable to afford (under the bank's calculations) after one of the investors recently changed jobs.

This reinforces the need for property investors to employ the split banking strategy in order to protect themselves.

We also mention the Opes Property Coaching programme. If you want to start or grow a property investment portfolio this year, then your next step is to come and see us for a Portfolio Planning Session.

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