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  • Profile photo of chrisdustingchrisdusting
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    @chrisdusting
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    And I’ll hit you up for confirmation on any future ‘finance’ vids if that’s ok :)

    Profile photo of chrisdustingchrisdusting
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    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 hours shooting and then about 7 hours editing… add another 40 minutes if I got to trim a bit for the firsT time like today :) and your still the expert I know what you mean by trust the other way round going personal.

    • This reply was modified 3 years, 7 months ago by Profile photo of chrisdusting chrisdusting.
    Profile photo of chrisdustingchrisdusting
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    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

    Profile photo of chrisdustingchrisdusting
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    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, thanks for the feedback.

    • This reply was modified 3 years, 7 months ago by Profile photo of chrisdusting chrisdusting.
    • This reply was modified 3 years, 7 months ago by Profile photo of chrisdusting chrisdusting.
    Profile photo of chrisdustingchrisdusting
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    @chrisdusting
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    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 ‘mortgage broker’ , ‘seasoned investors’ and ‘property gurus’ articles and videos who say don’t do it VS…. do it.

     

    • This reply was modified 3 years, 7 months ago by Profile photo of chrisdusting chrisdusting.
    Profile photo of chrisdustingchrisdusting
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    Hi Justin!

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

    You definitely “WANT” a non-recourse loan!

    Cheers!

    Profile photo of chrisdustingchrisdusting
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    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!

    Profile photo of chrisdustingchrisdusting
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    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!

     

Viewing 8 posts - 1 through 8 (of 8 total)