orks replied to the topic I cant operate my business as the real estate won’t make repairs in the forum Commercial Property 12 years, 9 months ago
What is a real estate?
orks replied to the topic If I don’t need finance is it easy to buy in the US? in the forum Overseas Deals 13 years, 4 months ago
Thanks for the comments so far guys.I'm looking the Orlando region, small multifamily arrangements similar to these:http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=17151421&SRID=1765699539&StepID=101http://www.loopnet.com/xNet/MainSite/Listing/Profile/Profile.aspx?LID=16643185&SRID=1765701263&StepID=101&LinkCode=20280Ideally…[Read more]
orks replied to the topic Tell Me How You Got Started :) in the forum Help Needed! 13 years, 11 months ago
Fair enough lads, I guess as long as you're generating enough income to service the debt, and the banks are happy with your LVR's, then it's all good, I'm just uncomfortable with the idea of using debt as a deposit, but each to their own. Play on.
orks replied to the topic looking for loan, any loan. in the forum yorknxy wrote:
i JUST 13 years, 11 months agoyorknxy wrote:
i JUST BROUGHT IT. AND IT'S MY FRIST HOME. i HAVE TO WAITING 6 MONTH. i NEED 50000 FOR HOME IMPORV AND PAY BACK SOME MONEY FOR MY FRIEND.<moderator: delete flame>Your question is very confusing. You say you own this unit outright, but that you can't get a loan because major lenders won't lend for such a small unit.…[Read more]
orks replied to the topic Tell Me How You Got Started :) in the forum Help Needed! 13 years, 11 months ago
Are you telling me there is skill involved in borrowing money against the equity in your house and then buying another one? I wouldn't get too carried away there buddy.
orks replied to the topic Tell Me How You Got Started :) in the forum Help Needed! 13 years, 11 months ago
Correction – It's how high risk investors operate.
orks replied to the topic Tell Me How You Got Started :) in the forum Help Needed! 13 years, 11 months ago
Jamie M wrote:
orks wrote:
What the hell kind of financial institution lets you use a line of credit as a deposit? It concerns me that someone who structures their own finances like that is out there arranging loans for people.Pretty standard structure really. Take out a LOC or a seperate IO loan against a PPOR to be used as a deposit…[Read more]
orks replied to the topic Tell Me How You Got Started :) in the forum Help Needed! 13 years, 11 months ago
Jamie M wrote:
We had our PPOR re-valued and took out a Line of Credit for $50k. This was used as a deposit for IP#1 and IP#2.IP#3In May 2010, we exchange on IP#3. It’s a three-bedroom house in Canberra. The deposit we used was from a Line Of Credit we took out on IP#1 (after renos, we had $40k in equity we could access). We're now on the sea…[Read more]