Total Members: 159,380

Elta

  • Elta replied to the topic OVERSEAS INVESTORS WITH CASH in the forum No Subject 21 years, 10 months ago

    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

  • Elta replied to the topic Line of credit for cash reserve in the forum The Treasure Chest 21 years, 10 months ago

    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]

  • Elta replied to the topic Secure savings in the forum No Subject 21 years, 10 months ago

    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]

  • Elta replied to the topic Secure savings in the forum The Treasure Chest 21 years, 11 months ago

    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?

    Thanks Steve. Umm…etrade…[Read more]

Elta

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