Thanks Hilary, you’re a champ. That sounds pretty good actually. Property trust…they sound pretty secure too, hey? We’ll definitely look into it…thanks a lot, and all the best on your side of things..[]
P&E
Thanks again Felicity,
We are with you on the LOC thing, that makes sense. Actually, I botched the term Steve used. He said ‘mortgage offset account’ not LOC. As I understand from re-reading the ‘Insider’ article, the MOA gives you two benefits:
1) It can reduce the loan capital and consequentially the interest of the loan
2) I could redraw from…[Read more]
Thanks again Felicity,
That makes two heads spinning, but not as fast as it was thanks to some generous people.
The idea of taking out a mortgage but having to split profits is not so attractive as I would be very limited as to how many times I could replicate that scenario .
The idea of just handing over the cash and have that returned at an…[Read more]
Thanks a lot for taking the time to reply, guys. Appreciate your advic…ah…suggestions [].
Felicity, number 4 looks interesting. Does a ‘deposit’ mean a deposit and security for the loan? Have you, or anyone, had experience with this? How exactly does it work? Would I need to have a mortgage or just supply the cash?