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  • Profile photo of granthomsongranthomson
    Participant
    @granthomson
    Join Date: 2009
    Post Count: 6
    March 8, 2010 - 9:03 am

    Hi Richard,

    Yes I am looking at 90% lvr and dont really want to pay mortgage insurance. I think the termsof the auction is 10% on the day.
     
    I guess getting to a lender ASAP will allow me to get a valuation done ASAP??

    So bearing this all in mind, where do I start looking for something?

    Profile photo of granthomsongranthomson
    Participant
    @granthomson
    Join Date: 2009
    Post Count: 6
    March 8, 2010 - 7:39 am

    Hi,

    Yes I suppose I was a little vague. Let me try and explain a little further.

    I dont own anything yet. I am looking to purchase a resi property through auction in 2 weeks. The strategy is to buy, renovate and sell all within the space of 6 months if not sooner. The $675k is what we expect to pick the place up for but could get it for slightly less,…..we hope!!

    My salary should be enough, so Ive been told, to cover that figure easily.

    I hope this is a little clearer for you. Any advice you have would be great.

    Thanks

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