It’s actually a large bank, so i am not worried they will bust.
What i am concerned about is that the property will go for much more than it’s value due to the C/F being so good. And i don’t have the spare cash to have a large deposit? I really need 100% finance. We do have some equity but not heaps.

Thanks.

Thanks all, i feel better about this one now.
What sort of lvr would most lenders loan on this sort of thing?

c’mon people, i value your opinions

Thanks Derek,
Look I just want to fasttrack my learning in any way possible with property investment, i have no set strategy or format. Whatever it be from developement, to renno, or pos gearing, whatever i want to learn more about it. At the moment I have a block which is intended for units, but I still look for quick cash deals as i have a bit of equity to play with. Anything to point us in the right direction would help, and when i say us there are many beginners out there just begging for dierection.

Cheers

Scott

Thanks people for all your advice.

Who could i get to cost up a project like this one? and what sort of cost would be involved?

Cheers[biggrin]

Thanks terry, i may contact you when the time comes.
Do you think you could provide this type of finance?