And I’ll hit you up for confirmation on any future ‘finance’ vids if that’s ok :)

Terry, you were the expert until the last post :) I went bankrupt from 2011-2014, I lost the one property in my own name, the other 5 were not touched as they were bought in a trust so have to disagree there as I’ve been through it. Liquidator was worrels in Brisbane. But anyway, to make a video like that , maybe 6 hours script writing, 1-2 h…[Read more]

Terry, you were the expert until the last post :) I went bankrupt from 2011-2014, I lost the one property in my own name, the other 5 were not touched as they were bought in a trust so have to disagree there as I’ve been through it. Liquidator was worrels in Brisbane. But anyway, to make a video like that , maybe 6 hours script writing, 1-2 h…[Read more]

Rare but don’t exist? …. want… haha  all good I know what you’re saying, I guess that’s where buying in a trust etc will only protect you, that I know for a fact as I’ve been through it. Thanks again Terry, looks like I’m editing the video a second time today. Avoid cross collateralisation and set your property ownership up right, cheers

Non-recourse loan – https://drive.google.com/file/d/12pG3t2KUja7A3zQLMvLctt6YarNgfmzD/view?usp=sharing

Is a non cross collateralised loan not a non-recourse loan.If it doesn’t come under this umbrella specifically, I’ll make adjustments in the notes. I still don’t ‘want’ a loan that if I default they can go after my other assets :) All good,…[Read more]

Non-recourse loan – https://drive.google.com/file/d/12pG3t2KUja7A3zQLMvLctt6YarNgfmzD/view?usp=sharing

If ‘cross collateralisation’ doesn’t come under this umbrella specifically, I’ll make adjustments in the notes. I still don’t ‘want’ a loan that if I default they can go after my other assets :) All good, thanks for the feedback.

If it doesn’t fall under ‘cross collateralisation’ specifically, I’ll make adjustments in the notes. I still don’t ‘want’ a loan that if I default they can go after my other assets.

Pretty straight forward: https://www.youtube.com/watch?v=cj0Q471agbc&t=31s

I said ‘want’… if you’ve got no choice, you’ve got no choice.

Possibly a better interest rate, possibly some tax benefits VS losing flexibility,  possible troubles with equity pull out etc etc

Again, I said ‘want’…  if you still disagree, add up the amount of ‘…[Read more]

Pretty straight forward: https://www.youtube.com/watch?v=cj0Q471agbc&t=31s

I said ‘want’… if you’ve got no choice, you’ve got no choice.

Possibly a better interest rate, possibly some tax benefits VS losing flexibility,  possible troubles with equity pull out etc etc

Again, I said ‘want’…  if you still disagree, add up the amount of ‘…[Read more]

Hi Justin!

Good pick up, fixed and re-uploaded: https://www.youtube.com/watch?v=cj0Q471agbc

You definitely “WANT” a non-recourse loan!

Cheers!

Hello Bec,

Probably a bit late, but here’s two QUICK videos on how cross collateralisation works, what it is and what loan type to avoid, then the second video goes into the dangers…

VIDEO 1: https://youtu.be/red4RU_B-CQ

VIDEO 2: https://youtu.be/CLslqC4khAE

hope you made a good decision!

Hi J,

Here’s two QUICK videos which explain what ‘cross collateralisation’ is,’ how it works and what ‘loan types to avoid’, then the dangers of ‘cross collateralisation’ … you’ll be able to make your own mind up after this, I guarantee you.

VIDEO 1:  https://youtu.be/red4RU_B-CQ

VIDEO 2: https://youtu.be/CLslqC4khAE

Enjoy!