Forum Replies Created

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of kevroy99kevroy99
    Member
    @kevroy99
    Join Date: 2009
    Post Count: 3
    October 26, 2009 - 3:19 am

    Sorry didnt explain myself properly my main concearn was my  Finance Broker wants me to pay him the $1100 upfront before he talks to the bank about finance is this normal?As you can guess this is the first time i have done this sort of thing thanks heaps for replying..

    Profile photo of kevroy99kevroy99
    Member
    @kevroy99
    Join Date: 2009
    Post Count: 3
    October 23, 2009 - 10:09 pm

     Hi all need some advice
    I have found a motel nsw west 46% yeild  L/hold $300k nets $139 and vendor finance $150 k/ 3 yrs +1%on current rates freehold worth 1.5 mil 21 units broker suggests refinance on our private home equity $160k with bank….Broker wants us to pay $1100 upfront to apply for finance says banks dont pay commissions any more does this sound right and does all this sounds too good to true .

    Profile photo of kevroy99kevroy99
    Member
    @kevroy99
    Join Date: 2009
    Post Count: 3
    August 26, 2009 - 12:08 am

    Hi  thecrest
    We are currently managing a 6 unitholiday complex on qld coast and have experience in aged care rental management also.We would dearly love to buy leasehold in motel or holiday units but only have equity of $160,000 in our home and very little savings any sugestions?

Viewing 3 posts - 1 through 3 (of 3 total)