All Topics / Help Needed! / My house is bulding, so now what?

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  • Profile photo of MrVipMrVip
    Member
    @mrvip
    Join Date: 2004
    Post Count: 28

    my first house is through devine on 100% finace but i really want to get into property investing as i have said in my other posts.
    Is it time to start looking now? and how would i go about it with my back (baycorp)? do i tell them i want to borrow money against my house for a investment home?
    I just need the first steps as ive been reading steve books on where to look and how to deal with things like that.

    Thanks.
    Damian Campisi.

    A guy on his horse rides into town on friday, three days later he leaves on friday, how can that be?

    Profile photo of foundationfoundation
    Member
    @foundation
    Join Date: 2005
    Post Count: 1,153

    1) You can’t borrow against a 100% financed house. You’ll need to own a minimum of 20% first.
    2) The horse is named Friday.

    Cheers, F.[cowboy2]

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