profitman replied to the topic Sharing Tips- in the forum General Property 20 years ago
[rolleyesanim] Tip
Never believe all that you read especially when it comes to property investing.profitman replied to the topic Where to now? Any tips? in the forum No Subject 20 years ago
I think I would refinance the Melbourne IP to a line of credit loan to its maximum debt ratio. Then I would purchase the 2nd IP for cash, if I had to contribute my 30k to complete the purchase then thats ok.Next I would get a construction loan to build the 12sq unit.This loan would be drip fed as the construction progresses.Once it is completed I…[Read more]
