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Viewing 7 posts - 21 through 27 (of 27 total)
  • Profile photo of Rexilla99Rexilla99
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    @rexilla99
    Join Date: 2003
    Post Count: 39

    so know one here can help me about on the software for http://www.mortgagewatchdog.com.au ?

    Did i post in the wrong section?

    Profile photo of Rexilla99Rexilla99
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    @rexilla99
    Join Date: 2003
    Post Count: 39
    Profile photo of Rexilla99Rexilla99
    Member
    @rexilla99
    Join Date: 2003
    Post Count: 39
    Originally posted by Terryw:

    You can also buy a new property without increasing your loan. You can use this property as additional security for the new one. (cross collateralising the loan). If this case you can borrow, in total up to 80% of the combined value of both properties without paying LMI.

    Terryw
    Discover Home Loans
    Parramatta
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    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    Could you please explain in detail how I can do this? So if I go this route I will not have to refinance the first property to realease the cash to use as the deposit for the second property?

    Profile photo of Rexilla99Rexilla99
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    @rexilla99
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    Post Count: 39

    So as an investor if done carefully I can have his assets as secruity so that if the developer screws up they will have to sell there assets and repay the money that I invested?

    Profile photo of Rexilla99Rexilla99
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    @rexilla99
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    Post Count: 39

    Has anyone here ever invested into thse developments and actually got there money back?

    Profile photo of Rexilla99Rexilla99
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    @rexilla99
    Join Date: 2003
    Post Count: 39

    No I havent yet, do you mean tax deduction on the building? or something else?

    Profile photo of Rexilla99Rexilla99
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    @rexilla99
    Join Date: 2003
    Post Count: 39
    Originally posted by adambc:

    Rexilla99,

    No ideas of my own, but have you asked the PM of the complex? Perhaps if other owners in the complex have furnished their places, the PM might know how they did it and have some tips for you???

    Best of luck!

    Adam

    Don’t let life get in the way of living.

    Thanks for the reply, I havent ask yet but I sure will. In the mean time if there are websites with pics on furnishing ideas that member can post links up.

Viewing 7 posts - 21 through 27 (of 27 total)