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  • Profile photo of LadyMillionLadyMillion
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    @ladymillion
    Join Date: 2008
    Post Count: 8
    June 26, 2008 - 1:29 pm
    Qlds007 wrote:
    Again without actual figures and numbers it is difficult to make recommendation or comment

    May I ask if you do loans in NSW or just QLD? Would you mind if I sent you an email with our figures so that you may comment?

    Profile photo of LadyMillionLadyMillion
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    @ladymillion
    Join Date: 2008
    Post Count: 8
    June 26, 2008 - 1:22 pm

    Yes great answers – thank you – makes a lot more sense.

    Profile photo of LadyMillionLadyMillion
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    @ladymillion
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    June 26, 2008 - 1:19 pm

    1) Why are putting down a 10% deposit on an investment property when you have a personal mortgage with non deductible debt

    2) What entity is being used to purchase the business ?

    3) Slightly confused as to the security when you say business and investment ….. can you clarify.[/quote]

    Yes sorry – I am new at this.
    We currently have a mortgaged home but are looking to buy, as an investment – a freehold business which has a residence attached. We will put in a manager for the business but live in that residence and look to rent our current home. Hope that makes some sense. I guess I'm looking at an investment loan the same way I looked at our first home loan – maybe that's not the right way to proceed.

    Profile photo of LadyMillionLadyMillion
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    @ladymillion
    Join Date: 2008
    Post Count: 8
    June 26, 2008 - 1:09 pm
    GPSnetwork wrote:
    I guess you are better off being recomended to someone that works in the bank or broker whereby you can email them your situation and they can respond to you that way, what state are you in?

    NSW

Viewing 4 posts - 1 through 4 (of 4 total)