COMPANY SHARE (HELP PLEASE!!!)

Viewing 4 posts - 1 through 4 (of 4 total)

hotpropertyinvestor
Member
@hotpropertyinvestor
Join Date: 2006
Post Count: 19
October 13, 2006 - 10:57 am
Hi,
l am new to all this property game, has any one heard of company share properties??, or maybe have one??, if so any advise good or bad would be great. Thanks[biggrin]
Tools
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@tools
Join Date: 2003
Post Count: 363
October 13, 2006 - 11:31 am
Company share can be difficult to finance,but there are gains to be made if you can convince all of the other owners to strata title the property.
Tools
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
October 13, 2006 - 1:05 pm
I have heard about them, never financed one tho. From memory, LVRs are about 70% and the lenders do not like them
I think there are problems with selling the unit too, as the new purchaser may have to be approved by the other owners as well. this will limit the price. But as tools suggested, if you can change it to strata, then could makes some quick gains.
Terryw
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v8ghia
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@v8ghia
Join Date: 2005
Post Count: 871
October 13, 2006 - 1:07 pm
Hi. Check my reply under your other thread and hopefully you will find the info of assistance I have posted. Hey, all the best. V8Ghia