Replies Created | Forums | Scott7 | PropertyInvesting.com

Forum Replies Created

Viewing 5 posts - 1 through 5 (of 5 total)

Scott7
Member
@scott7
Join Date: 2008
Post Count: 5
March 6, 2008 - 3:10 am
we use a line of credit to help our unfortunately -ve geared IP, as long as you keep it for business and don't use it for personal it works well just depends on how comfortable you are with debt and rising interest rates
Scott
http://www.YourEndlessWealth.com
Scott7
Member
@scott7
Join Date: 2008
Post Count: 5
March 6, 2008 - 3:08 am
Not sure if I can help you in the short term, but can help if you never want to be in this situation again! I feel the pain we went through a similar thing, luckily we could borrow 105% and it got us out of trouble, this was a number of years ago though.
all the best
Scott
http://www.YourEndlessWealth.com
Scott7
Member
@scott7
Join Date: 2008
Post Count: 5
March 6, 2008 - 3:03 am
Cutegal
why not look at increasing you income from home first to give you security with no risk and then venture into +ve cash flow prop, in the mean time do research about IP's and maybe a few courses
Scott
http://www.YourEndlessWealth.com
Scott7
Member
@scott7
Join Date: 2008
Post Count: 5
March 6, 2008 - 2:57 am
Tony6
I would do everything you could to build as much equity in your homes as soon as possible before you have children as this can slow down your investment dreams if you don't replace the income – We learnt from experience!
Cheers
Scott
http://www.YourEndlessWealth.com
Scott7
Member
@scott7
Join Date: 2008
Post Count: 5
March 6, 2008 - 2:48 am
djac
How about working for your self to create an income and then going down the nodoc/low doc loan avenue in the future?
Scott
http://www.YourEndlessWealth.com