All Topics / The Treasure Chest / Borrowing to buy

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  • Profile photo of MarilenaMarilena
    Member
    @marilena
    Join Date: 2003
    Post Count: 0
    August 12, 2003 - 1:18 am

    I have the knowledge of my local market and $30K to invest, plus an equity of $20K in a current property.
    But my income is only around $17k pa and I am not young.
    A modest house in my city is $155K minimum.
    I cant believe anyone will lend me to buy on these figures – cant find anyone myself – and Steve’s book is a sellout everywhere. I cant wait to find out how he financed his first buy with “no job and virtually no money” if I heard the TV interview correctly.[?]

    Profile photo of Elysium-MElysium-M
    Member
    @elysium-m
    Join Date: 2003
    Post Count: 259
    August 12, 2003 - 1:55 am

    Hi Marilena,

    Have you tried a mortgage broker?

    Maybe Stuart (www.prosolution.com.au) or Terry ([email protected]) can help you. If they are not in your locality, maybe they’ve got some tips on how you can find a good, ethical broker to help you.

    Cheers
    M

    p.s. I don’t get anything for recommending these guys, other than a buzz from helping my fellow forumites.

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