Borat5000 replied to the topic Diversified Lending Structure (how to maximise your borrowing capacity) in the forum Finance 8 years, 6 months ago
Thanks Corey,
So why is your borrowing power not affected by your other home loans with the other lenders? I understand it will be affected by some extent, but choosing your lenders obviously lets you advance further, but why?
Borat5000 replied to the topic Co-Investing with Partner in the forum Finance 8 years, 9 months ago
Thanks for the replies guys! Very helpful information. Terryw that example is interesting as she would eventually get her cash back, I suppose your just adding a middle man to the whole ‘draw on equity, buy more plan.’
In the long run if all goes well these properties will fund retirement for the two of us anyway.
Yeah a legal professional is a must.
Borat5000 started the topic Co-Investing with Partner in the forum Finance 8 years, 9 months ago
Hey guys,
I’ve read a few similar scenarios on here, but thought I would try to get some clarity. I’ve currently got 2 IP’s looking to get a third (all buy and hold). My girlfriend has a handy cash deposit and is keen to start investing too and go 50/50 with me.
Obviously there are a whole lot of legal implications surrounding this idea, but I…[Read more]
Borat5000 became a registered member 9 years, 3 months ago