Forum Replies Created
Thanks tommytucker (and Terryw).
Thanks Terryw … I was hoping for more of a focus regarding investment strategies – i.e. would it be better to?:
a) Purchase the property outright – then get an equity based loan.
b) Purchase the property via a standard home loan.
d) Buy property at 90% LVR or more – Keep rest of the cash in offset to offset the interest.
Thanks heaps Shape – I like your suggestion.
Much appreciated.
It's a hypothetical situation, whereby if you could obtain enough cash for a temporary period of time to purchase a property outright; would it be better to:
a) Purchase the property outright – then get an equity based loan.
b) Purchase the property via a standard home loan.
Ie. Is it better to borrow against the value of an all paid up property – or is it better to just go via the normal home loan route?
Thanks Shiny_Suit_Man! Much appreciated.
I wish I had read his book many years ago, and was able to implement his suggestions.
Is it still worthwhile setting up a company and trust still?
Thanks heaps Terryw! Your assistance has been much appreciated!
Thanks Terryw, I suppose it sounded too good to be true… is there any truth in what Steve has written about using Trusts to purchase properties?
He also writes: "Using multiple trusts and multiple lenders to source loans that I am guarantor for is one of the secrets to how I have borrowed tens of millions of dollars and bought hundreds of properties. I continue to use this approach with my investing today…"
Is there any possible way to do what Steve is alluding to?
Thanks.