Lee replied to the topic New today no investments yet in the forum Help Needed! 9 years, 4 months ago
Just had a very interesting conversation today regarding our situation.I was introduced to a strategy that I have never even seen or heard of.( I’m new to all this but have read a lot so no big surprise to all you guys)
Strategy is to take out two investment loans 1 for the 20% deposit and costs securitised to our Home and a second mortgage for…[Read more]Lee replied to the topic New today no investments yet in the forum Help Needed! 9 years, 4 months ago
Thank you very much Jacqui for your answers especially the second Q of mine I certainly need to research this a bit more with your input of advice.Q1my old Boy always said when I was a kid you will never get anywhere unless your in debt,which pretty much aligns with you can’t save your way to glory.Shame it has taken 40 years to realise
Cheers
LeeLee started the topic New today no investments yet in the forum Help Needed! 9 years, 4 months ago
Hi all,
My wife and I have 90,000 left on our place of residence,with an estimated value of $550,000-$600,000 (valued by real-estate agent who was a friend)as I am a pessimist I say $500,0000 That way if it was valued by a bank for more that would be better than the other way around.
1 point. We have nearly $200,000 in our loan that we could…[Read more]Lee became a registered member 9 years, 4 months ago