Forum Replies Created
You still need to have some decent capital growth or be able to fund new deposits from your salary or elsewhere. (my 4 rental properties were positively geared from day 1 and have all had excellent capital growth). I had enough equity to borrow 100% on new ones, but I have had to beg, borrow and …… whatever I could to scrape up deposits at times when lenders would only lend 70 – 80% on regional/deemed commercial investments (residential flats). In the long run (which has only been 5 years) they have all experienced fantastic capital growth, but I still find myself having to manipulate the system all the time to get finance…..
Thanks for all your responses – the solicitor just keeps saying I will get the money – but when?? I have never had any contact details for the vendor – only the agent and it seems like it has been too long to contact the agent after nearly 6mths. I stupidly just kept trusting my solicitor as we had been dealing with him for a long time. I didn’t want to cause a falling out, but I feel ripped off and annoyed now, so think I will get some other legal advice. I have also just signed contract on new property and wondered if I should see if he would do conveyancing for FREE as some form of compensation, or if I should just toss him entirely and pursue the matter legally????
