Modonnell replied to the topic How to get a personal for the deposit of a house in the forum Finance 10 years, 4 months ago
aslon as it services it sholdnt bea problem , it is not uncommon for people with high incomes to live” well” so they usually have no problem showing servicing , especially when rates are as low as they are and there a nuer of products n th eno genuine savings category.
Modonnell replied to the topic Expert Advice Needed for Self Employed/Pty Ltd Question in the forum Finance 10 years, 4 months ago
plenty of lenders to 80% for self employeds out there, only need accountants letter .. rates are close to major banks now from 6%
Modonnell replied to the topic Subdivision Building Finance in the forum Finance 11 years, 2 months ago
a bank would certainly consider this as long as you did it in stages by financing against the property for initial costs and then once approved re-apply based on the new end value …
Modonnell replied to the topic How to invest with investors? in the forum Help Needed! 11 years, 5 months ago
It is most important to set up a suitable structure in the begining that allows future investors to enter into your project or jv , something like a unit trust where you can bring new investors / partners in as unit holders ie set the trust up with 100 units which you own , then sell amounts of units off relative to the value of the property .…[Read more]
Modonnell replied to the topic What should i do ? in the forum Help Needed! 12 years, 1 month ago
Maybe invest in an unlisted property trust .. Returns can be good and usually spread over different property types