Hi SIS question, why do you have to hold back please share
Hi Nailwog,
Somethings, im happy to share on forum, but other things/knowledge ive learnt, its better not to share, i love the financial side of property, being able to create instant cash or buy property with no money down, are things i like to keep quite.
I do use my own money to purchase these properties, but ive also learnt ways on which to purchase property with no money down or how to get a full refund and still have the property at the same time.
Sorry wont share how.
Though i do want to share with you PropertyGuru. Some of you will know im very good friends with PropertyGuru. My friend PropertyGuru recently purchased 2 properties for only $420.00 and no more.
There are ways out there to create instant cash and equity, though many people who are able to, will keep very quite on how they do.
Have been looking at putting larger deposits into the deals, but i dont see any benefit, as im tying up to much funds and have less control of them that way. Though another option is, get someone to guarntor your loan and still be able to get servicibilty at the same time.
What about this, you and me go into a JV, and we both can borrow not just a couple of million, but tens of million? [:o)] I have an excellent banker who gives nice and very attractive interest rate discounts? [:o)]
Thanks for the advice, i do believe and very much agree, keep it all quite in what you have in a relationship, but funny thing not one ex-gf knows anything this side of me…
I would think that always having 20% equity is still being very highly geared!!
k, i beg to differ on this, 20% equity to me seems to low, if major banks offered 90% LVR, id run and grab that opportunity and go crazy like Broadway style.
You can always refinance your loan, prepare to have some liquidatey in cash money that could be tied into other investment vehicles.
Or you can hold the ride out, there are alot of people who heavily negative gear, so to them a small increase in a +ve cashflow property or out of pocket expense, will not worry them to much as what they would normally be exposed to in a heavily -ve geared property.
Im a bit weary on discount cheaper rent, once one asks they all seem to ask… Discount rent is ok, but it then becomes more of a hassel once they cant keep up with payments or they futher ask more discounts or later dates to make payments.