Total Members: 159,122

WJ

  • WJ replied to the topic Reason for a seperate Mortgage Number? in the forum Help Needed! 14 years, 9 months ago

    Hi Terry,Thanks for your answer.'seperate loan number' was mentioned in the book, Steve didn't elaborate on it except for that he was $10K out of pocket because he didn't have a seperate number. I have no idea what he meant by the term and how it costed him money.In your previous post you wrote:IP1Loan C, IO loan.What's IO loan? If I'm self…[Read more]

  • WJ replied to the topic Reason for a seperate Mortgage Number? in the forum Hi Richard,
    I’ve only read
    14 years, 9 months ago

    Hi Richard,I've only read it in the book and I didn't understand, thus the post.Could you give me an example of a correct structure of loans vs a risky one?For example if I have one primary residence and three IPs, what would be the best way to structure the loans as to avoid cross collaterialisation? What are the risks involved with cross…[Read more]

  • WJ replied to the topic Property Inspection Template? in the forum Help Needed! 14 years, 10 months ago

    Hi all,I called up the office and guess who answered the phone? Steve himself! *star struck* Steve nicely explained to me that the resources section will be uploaded with the new website which should come online soon!So here's the answer to our question.Cheers,Wendy

WJ

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