thanks richard…that helps ! hope it does not get too confusing when come to tax times. are you guys all invest into
depreciation schedule or can I ask my tax agent ?
Thanks again
Thomas

Thanks Matt for you clarification …hhm, I really don't like that in particular. that would eat up a bit of the equity… No, I think I prefer regular loans with a good rate.

Thanks again
Cheers
Thomas

Hi v8ghia,

thanks for your post. Yes, I think you are right ! I shouldn't except these sort of loans. It's our first IP we want to build and this
makes us a real headache. I got a good offer from another lender for a better rate but they need to have the land – otherwise they can't do it. So I might, refinance all over with the land. Maybe the better rate compensates for the exit fees. But RAMS is really not to recommend (and they have given us a very low valuation and haven't even considered recent land sales in this area).
Yes, I think it's time to move on …
Thanks again for your help
Thomas