littlelegz replied to the topic Pros and Cons of Cross-Collateralization in the forum Help Needed! 11 years ago
Thats what i thought to i would be looking at subdived the rent out ! so unless im selling im happy thats also why i was told to take your time and NOT be aggresive in the buy so as not to buy a dud !
cheers
littlelegz replied to the topic Pros and Cons of Cross-Collateralization in the forum Help Needed! 11 years ago
Hi all,
Thanks for all your comments. it all seems very one sided against X-Coll, but i spoke to my mentor who said there are a lot of gain from X-coll. ie great tax savings as i dont touch my off set account funds. as for the banks taking away my main property i was assured this would never happen with the big 4 banks and also you would be able…[Read more]
littlelegz replied to the topic New to investing in the forum Help Needed! 11 years ago
Hi Benny,
Thanks and yes my job is in production not construction so fingers x. I have set up a offset account and im thinking of x coll but the jury is out on that. i like the sound of renos as this is a way of making good capital. but i would also like to buy houses that are ready to go ! I guess it will take some research.
Thanks again .