Total Members: 159,129

Elta

  • Elta replied to the topic OVERSEAS INVESTORS WITH CASH in the forum No Subject 21 years, 9 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, 9 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, 9 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, 9 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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