Forum Replies Created

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of PeterkPeterk
    Member
    @peterk
    Join Date: 2003
    Post Count: 4
    February 25, 2004 - 2:41 am

    Hi.
    I too am unemployed am about to start investing with my mum. My wife is working full time and we are renting. My mum owns 100% of her house and is working full time. We have a line of credit attatched to her house. Should we be using that as a deposit for our first property or is there another way to access the equity without having to pay interest on it??? Or should we be saving cash instead?

    Help?!?!

    Profile photo of PeterkPeterk
    Member
    @peterk
    Join Date: 2003
    Post Count: 4
    February 24, 2004 - 1:26 am

    Thanks for your input guys and girls.
    Much appreciated. I’ll be back!

    Peter.

    Profile photo of PeterkPeterk
    Member
    @peterk
    Join Date: 2003
    Post Count: 4
    February 23, 2004 - 9:08 am

    Hey guys,

    What I totally forgot about was the fact that my mum owns 100% of her house and now instead of finding properties for other people I can now go in partnership with her and find the properties for ourselves using the equity in her house. She is time poor but money rich! Sound good!?!?

Viewing 3 posts - 1 through 3 (of 3 total)