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Ambosh my email is [email protected] could you please forward some contacts or reccomendations. Your a champ!
Ambosh Thanks for that i will message you, it would be good to get some contacts
god_of_money wrote:RUNNNNNNNNNNNNNNN
Yeh i thought so! But what do you think of the plan? "as in" me doing the research on the property and using that system?
Dan42 wrote:$45,000 is a lot of money. Would you be better off putting that towards a deposit?No-one can guarantee a 10% return. It sounds like b-s to me, but I'm pretty cynical about these type of 'arrangements' that require large up-front payments. I'd be doing my own research, and putting the 45 large towards a new IP.
Just my 2 cents.
Thanks Any advise is good advise… The more i learn the better things get… Yeh the plan was to give the 45,000 once the loan is approved. I am also wary of this, 45,000 the plan was the 45,000 would be made back in the equity over the years so it wouldnt technically be out of my pocket, But still cash is cash. The plan is all the investment propertys would be set up as interest only payments so the rent plus a little from my end will cover the loan ammount the trick was just to hold the properties to gain equity over the years. Eventually they will all pay for themselves no need for my 2 cents extra to cover them. But another catch is EACH house i get them to choose will incur a 45,000 fee.
Im also single and not looking to marry in the next 4 years, i have no expenses im living at my parents home, so im hoping to be out of pocket for a small ammout untill i get more properties and they start to pay for themselves, and im hoping to living of the equities in 10 years.
