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  • Profile photo of EltaElta
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    @elta
    Join Date: 2002
    Post Count: 4
    February 12, 2003 - 3:48 am

    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

    Profile photo of EltaElta
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    @elta
    Join Date: 2002
    Post Count: 4
    February 4, 2003 - 7:41 am

    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 it to fund any other ventures I might want to embark on.

    Are you familiar with this? …Has anyone done it?
    If it is as easy as that, I think one of my main problems is solved. Still don’t know what to do with the cash in the meantime though.
    And thanks for the time you have given to address my relatively petty questions, REALLY appreciate any comments at this stage of the game…[:I]
    Regards and peace,
    Peter & Elke

    Profile photo of EltaElta
    Member
    @elta
    Join Date: 2002
    Post Count: 4
    February 4, 2003 - 5:45 am

    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 agreed time with an agreed return sounds good. Of course, I know ziltch about the processes that would be involved [:I], but perhaps the investor could agree to give the wrapper the deposit for a % return (but I guess this assumes that a cash out would take place in a few years [?]). If the wrapper makes more than half that for him/herself, good for them. Does anyone know if anyone has done this type of thing???
    Thanks again Felicity, we would be interested in anything you find out about this.
    P&E

    Profile photo of EltaElta
    Member
    @elta
    Join Date: 2002
    Post Count: 4
    January 29, 2003 - 3:16 am

    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 account??? Excuse our ignorance but we don’t know what that is exactly.
    (Really enjoying your WSR stuff[8D])
    Appreciate any comments at all.

    P&E

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