I have financed my 3 IPs like this, I have a line of credit that has paid our deposit & closing costs. Is this clasified as money that I have put into the IPs or is it “no money down” finance??
I have not put in any of MY cash into the deal!
warm regards
NortonWell it depends….
you didn’t put your cash down, but you did put your equity down, so it is good to run the figures on that (you could always people your money into other investments that give a higher return, so you should know what return you are getting). Check out http://www.jaffasoft.com
Rgds.
Lucifer_auDoes it matter? As long as it works, it doesn’t really matter what you call it. Sounds like no money down to me.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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