wealthseeker replied to the topic Buying First Positive Geared Property in the forum Help Needed! 20 years, 2 months ago
Hi,
This is my first post so i hope i do it right.
I’m wondering how you can continue to buy more and more properties when the bank manager keeps telling me it’s about the ability to repay.
I have about $280,000 in equity (well my dad does as he’s my partner) and he only earns around $700 gross a week. He qualifies for a loan of $230,000.
We have…[Read more]