hrjmck

hrjmck replied to the topic Property Investor Network – Perth Meeting Monday 21st Nov in the forum Heads Up! 8 years, 3 months ago

Hi,

Do these meetings still run?

hrjmck replied to the topic Setting up correct loan structures – Novice Investor in the forum Finance 8 years, 3 months ago

Thanks guys, very helpful information!

hrjmck replied to the topic Setting up correct loan structures – Novice Investor in the forum Finance 8 years, 3 months ago

Thanks for your insight Richard, unfortunately the broker we used this time around didn’t really fully explain it that well to us.

hrjmck replied to the topic Setting up correct loan structures – Novice Investor in the forum Finance 8 years, 3 months ago

Thanks again Richard,

Correct the 150K loan on the IP is with the same lender as the PPOR mortgage.

So we hopefully haven’t ruined our investment plans so far with this setup, but should definitely look to secure stand alone loans on any other future purchases?

Cheers!

hrjmck replied to the topic Setting up correct loan structures – Novice Investor in the forum Finance 8 years, 3 months ago

Thanks for the reply Richard,

I will give you a basic look at our situation, we have our PPOR which is at 50% LVR (with one lender) these days after diligent extra repayments over the last 5 years. We have our first investment loan which was set up as 2 smaller loans across 2 lenders – 150K on one loan to secure the land, and 285K on the other…[Read more]

hrjmck started the topic Setting up correct loan structures – Novice Investor in the forum Finance 8 years, 3 months ago

Hi,

Just looking for some guidance on appropriate loan “structures”? I read a lot about the importance of having this all done correctly at the start, so that one can grow their asset base.

So I guess I am asking for a very basic idea of how these structures are set up, or look like? Apologies if this is a stupid question….