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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of crightocrighto
    Participant
    @crighto
    Join Date: 2012
    Post Count: 11
    September 15, 2013 - 9:17 pm

    cheers, thanks for your thoughts

    Profile photo of crightocrighto
    Participant
    @crighto
    Join Date: 2012
    Post Count: 11
    August 20, 2012 - 10:57 am

    hope your missus never inherited your mother-in-laws qualities.  hind sight is a wonderful thing, keep up the great work Steve.

    Profile photo of crightocrighto
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    @crighto
    Join Date: 2012
    Post Count: 11
    July 22, 2012 - 12:01 am

    hi macq
    i work in the building game and live in toowomba, i may be able to help. what sort of work are you wanting to get done? 

    Profile photo of crightocrighto
    Participant
    @crighto
    Join Date: 2012
    Post Count: 11
    April 24, 2012 - 9:38 am
    Qlds007 wrote:
    Yes as long as the rate and term on the LOC is competitive then dont have a problem going that route.

    You would use the LOC to access the deposit and acqusition costs and then get your Broker to arrange a standalone loan secured against each IP often with a separate lender to your PPOR.

    Wouldn't be paying down your IP loans if you still have a non deductible debt on your PPOR.

    Cheers

    Yours in Finance 

    just wondering, if i were to end up with say 5 properties that were secured to different lenders and they had all grown equity. how could i combine that equity to give me maximum leverage to purchase again? wouldnt i have to wait until i had a substancial amount of equity in each property before i could purchace again?

    Profile photo of crightocrighto
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    @crighto
    Join Date: 2012
    Post Count: 11
    April 24, 2012 - 9:10 am

    thanks for your ideas. the rents have actually not long been increased. theres probably one that still could be increased, although they are older style houses in a regional area.

    cheers

    Profile photo of crightocrighto
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    @crighto
    Join Date: 2012
    Post Count: 11
    April 24, 2012 - 1:08 am

    thankyou for your comments 007

    Profile photo of crightocrighto
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    @crighto
    Join Date: 2012
    Post Count: 11
    April 24, 2012 - 12:49 am

    thanks guys,
    the properties are held personally in both names. they also have operated a business for the past 40 years. they have only ever split income and never operated in a trust/company etc.

    cheers

    Profile photo of crightocrighto
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    @crighto
    Join Date: 2012
    Post Count: 11
    April 22, 2012 - 10:40 pm

    hi guys
    im new to the game, read a few books on property investing. would like to set up a portfolio with the intention of paying down debt and livivg of the rents. would still like to have the option of renovating to add value and raise rents or even sell to realise profits. can anyone give me there opinions on what is the best finance structure for such a strategy. already have offset loan on PPR, but am thinking of going LOC for investing. one of the things i like about the LOC is having the money sitting there ready for negotiating and not getting screwed around with time by the banks.
     
    thanks

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