phillhill21 replied to the topic Using equity to purchase property’s in the forum Finance 18 years, 11 months ago
Hi Derek,
You gave me a fright i thought i had boo booed.
I double checked to make sure i haven’t crosscolaterised.
I haven’t it was my ability to service the loans independently, I still have a hell of alot to learn.Phil [glum2]
phillhill21 replied to the topic Using equity to purchase property’s in the forum Finance 18 years, 11 months ago
Hi All,
I have been following this disscusion with great interest as i am new to investments and this type of forum.
I have just brought two IP’S using the equity in my owner occupied place, without having to get a separate deposit loan.
I may have been lucky to get away with this because i was under a certain limit i don’t know.
But my thoughts…[Read more]