MBully replied to the topic gazumped – learn from our sorry tale in the forum General Property 16 years, 10 months ago
Hello All,Just a quick question, sorry to hijack a bit, I'm about to make and offer on land in the country and was going to do an offer via fax to the property consultant, the owner of the land works on a mine site else where, is this safe to do? what safe guards should I take to cover myself from the above senario from occur out of sight?Thansk i…[Read more]
MBully replied to the topic Construction Loans in the forum Finance 16 years, 10 months ago
Hi Richard,Thanks everyone for comments.We own our current house outright we have 200k invested in short term investements with Police and Nurses (funds from deceased estate).I have spoken with a broker who recommend a 4 month line of credit for the purchase of the land at 8.93% which we use some of the investment money to offsett the…[Read more]