Total Members: 159,190

Rex

  • Rex replied to the topic Urgent help needed:) in the forum Finance 8 years, 2 months ago

    So whenever I apply for a new loan in the future the lenders will assess me for 100% of the debt on the property I own jointly but only take into consideration 50% of the rent? Is there any way around this?

  • Rex replied to the topic Urgent help needed:) in the forum Finance 8 years, 2 months ago

    What is the best way to own/buy property jointly? Is there a way of structuring it so it is possible to own property jointly without negatively impacting on the borrowing capacity of each co-owner in the future? Can some kind of legal structure be set up (trust or company) that be more suitable?

  • Rex replied to the topic Urgent help needed:) in the forum Finance 8 years, 2 months ago

    What is the best way to own/buy property jointly? Is there a way of structuring it so it is possible to own property jointly without negatively impacting on the borrowing capacity of each co-owner in the future? Can some kind of legal structure be set up (trust or company) that be more suitable?

  • Rex replied to the topic Urgent help needed:) in the forum Finance 8 years, 2 months ago

    Thanks Terry. So can my friend and I approach the current lender and release some equity, say $60k, then I can approach another lender and simply use my portion of that $60k as a deposit for the next property? That way my friend and I would only be jointly liable for the 60k equity release and would not have any interest in any subsequent…[Read more]

  • Rex replied to the topic Urgent help needed:) in the forum Finance 8 years, 2 months ago

    Ok thanks Not the best news…

    Last year we noticed an opportunity to purchase a property below market value but neither of us had enough deposit at the time so decided to buy it jointly.

    So if I want to use 20k equity from the house I own jointly with my friend to buy a $200,000 property on my own are you saying my friend will be liable for…[Read more]

  • Rex replied to the topic 2 Units or 1 Brand new home??? in the forum Finance 8 years, 2 months ago

    Hey Colin,

    I’m considering the same thing. So do you believe that if my plan was to buy and hold for at least 10 years and I have the option of two apartments or 1 house, (both apartments are slightly positive cash flow and the house is slightly negative), I am likely see better gains from the house long-term than I would from two apartments (all…[Read more]

  • Rex started the topic Urgent help needed:) in the forum Finance 8 years, 2 months ago

    Hi,

    My friend and I bought a property together 18months ago for $300k and we have just had it valued at $380k. Our joint mortgage on the property is $270k.

    I want to buy another property ASAP and am hoping to use my portion of the equity as a deposit for the next place. I need some advice as I’m hoping to buy within the next few weeks.

    Can…[Read more]

  • Rex became a registered member 8 years, 2 months ago

Rex

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,190

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!