citrustea replied to the topic cross collateralising loans in the forum Finance 7 years ago
Thanks Corey,
That is what we thought. We will go back and insist on the two loans.
citrustea started the topic cross collateralising loans in the forum Finance 7 years ago
We are about to use equity out of our PPOR as a deposit to purchase an investment property. We have approached our current non-bank lender, and now a broker. Both have wanted us to use our current house as collateral against the investment property.
Everything I have been taught about investing says not to do this, why is there so much resistance…[Read more]
citrustea replied to the topic Car space in the forum Commercial Property 15 years ago
Hi,This is something I looked into, but have not decided on yet.Some things to consider:>Whether a bank would loan money to purchase a single car park>How easy it would be to sell once you want to do something else with the money>The cost involved eg. fees to building owner/carpark manager, as well as governement taxes.>What is a fair price. I…[Read more]
citrustea replied to the topic IP or PPOR? Any thoughts or ideas welcome in the forum Hi,Thanks for your reply. 15 years, 11 months ago
Hi,Thanks for your reply. Yes we would be eligible for FHOG. We are renting at present, both of us have been for some years. Another idea we had was to buy a bigger block, and build a second house on the back and sell it off, while we live in the front house. We could then rent or sell that to buy our 'dream' home later on.
citrustea replied to the topic who pays water bill in rented house? in the forum Help Needed! 15 years, 11 months ago
Having rented in SA and Vic, I can say that in SA the owner pays water up to a certain amount, and the tenant if excess water is used. In Victoria the tenant pays for all their water use. (A better way I believe as u can monitor your water use – important in drought conditions in an already dry country).
citrustea replied to the topic Anyone knows or member of “Cashflow Capital Pty Ltd”? in the forum Help Needed! 15 years, 11 months ago
Hello,I attended a seminar by these people and my gut feeling was that they were not so trustworthy, but this was only a feeling. I am a signed up free member, so receive their emails of cashflow positive properties. Most are about 6-8% return on investment, not quite up there with the 11 second rule. With the drop in interest rates, I have been…[Read more]
citrustea replied to the topic Anyone knows or member of “Cashflow Capital Pty Ltd”? in the forum Hello,I attended a seminar 15 years, 11 months ago
Hello,I attended a seminar by these people and my gut feeling was that they were not so trustworthy, but this was only a feeling. I am a signed up free member, so receive their emails of cashflow positive properties. Most are about 6-8% return on investment, not quite up there with the 11 second rule. With the drop in interest rates, I have been…[Read more]
citrustea replied to the topic Anyone knows or member of “Cashflow Capital Pty Ltd”? in the forum Help Needed! 15 years, 11 months ago
Hello,I attended a seminar by these people and my gut feeling was that they were not so trustworthy, but this was only a feeling. I am a signed up free member, so receive their emails of cashflow positive properties. Most are about 6-8% return on investment, not quite up there with the 11 second rule. With the drop in interest rates, I have been…[Read more]