Kevmeister replied to the topic Cashflow Positive, Negatively Geared in the forum The Treasure Chest 22 years, 2 months ago
chucky:
no, not that Kevin.
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Kevmeister replied to the topic Vendors leaving % into the deal in the forum No Subject 22 years, 2 months ago
A dumb question, but why would a lender (the bank or the vendor) want to be in a situation where the LVR is 100%?
The $500K property is security for $400K to the bank and $100K to the vendor.
I have no real knowledge of 2nd mortgages so is the bank more entitled to the security (as a 1st mortgage) than the Vendor, with a 2nd Mortgage, if…[Read more]
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