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]
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]
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