JLtarra replied to the topic Renovation profit margin in the forum Value Adding 8 years, 4 months ago
@pascoe_82 I like your investment style. I share your views about capital cities I have previously invested in both and although in regional towns the capital appreciation is not there you usually know what your profits are going to be before you sign the on dotted line.
Don’t get me wrong capital appreciation is always great but I’m wary of my…[Read more]Corey Batt replied to the topic Renovation profit margin in the forum Value Adding 8 years, 4 months ago
Hey @storeybuilder – that article looks familiar. ;)
In terms of releasing equity out post renovation – you can either release to 80% and pay no LMI or release to 90% and pay LMI. Keep in mind however that any LMI already paid is credited into this mix, so you may find you’re paying minimal LMI to release significant equity funds.
In terms of…[Read more]