Total Members: 159,429

Lee

  • 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
    Lee

  • Lee 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

Lee

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