All Topics / Help Needed! / LVR..im way off

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of DunCAN2DunCAN2
    Member
    @duncan2
    Join Date: 2004
    Post Count: 4
    September 2, 2004 - 4:53 am

    Hi all,

    Ive found a beauty i reckon, Residence+office+200 self storage units… returning about $150 000 after ALL expenses paid inc managers salary, pre tax. asking price is $1285000. My only problem is no one seems to want to lend me any money above a 75% LVR? any ideas anyone?

    DunCAN

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    September 2, 2004 - 5:00 am

    Will be hard. What LVR are you after?

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of DunCAN2DunCAN2
    Member
    @duncan2
    Join Date: 2004
    Post Count: 4
    September 2, 2004 - 5:07 am

    ive been told by my mortgage broker that i could get 100% buut at “mafia” type interest rates and that defeats the purpose of the deal

    I guess i just have to let it pass.

    Anyone wnay it?

    duncan

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    September 2, 2004 - 5:07 am

    You give up quickly [biggrin]

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of DunCAN2DunCAN2
    Member
    @duncan2
    Join Date: 2004
    Post Count: 4
    September 2, 2004 - 5:08 am

    I just had a thought, if I lived on site in the residence would it then be classed as a residential mortgage that happens to generate an income as well…

    maybe?? i have very litte as a deposit but am sure i can get a good price on it (the deal that is)

    duncan

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    September 2, 2004 - 5:12 am

    Living in it doesn’t make it residential!

    Depends on the zoning and the usage as well.

    What LVR are you after?

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    NODOC Loan – 65% Loan – No questions asked!

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of DunCAN2DunCAN2
    Member
    @duncan2
    Join Date: 2004
    Post Count: 4
    September 2, 2004 - 5:19 am

    right now i need 100%, i have about 200 mafia dollars coming my way once a home sells. so of about 85-90 would be good

    Duncan

    PS i tried you on messenger but you not there, but i guess you know that already

Viewing 7 posts - 1 through 7 (of 7 total)

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