DONT FORGET … if interest rates go up without a corresponding increase in your income, your borrowing capacity will go down.

Buy when you can afford it and sell when it achieves your pre-determined investment goals.

Overcommitted owners sell at firesale prices. Everyone else just waits for their price to be achieved. I’m certainly not going…[Read more]

Is Members Equity that important…….They have strict restrictions on I/O loans, even to the extent that they will not generally allow I/O during the construction period whilst paying rent also.

Age matters to some and not other lenders. I’d be asking myself the same questions. I have refinanced a deal with two pensioners, aged 62 & 67 as a 40 year loan. They were able to service the low value debt by about $2.00 but we got the loan. Obviously I had many more details than you have supplied, but if they’ve got such a big deposit and…[Read more]