Without seeing the structure of the setup and confirming if the company that owns the properties is trading, it is a bit hard to give you some exact advice on your situation.
If you have the income to support the lending on your own including any income received outside of this company as well as the rental income…[Read more]
Thanks, Jason, Appreciate that!
Hi Craig, To answer your questions, as long as servicing of the debt is evident then there is no reason that this amount would need to be closed. I’m assuming it operates as a rainy day fund and as long as you can afford it, then yes you can certainly keep it there.
When you purchase a new property, you would need…[Read more]
Good Afternoon Pete,
My name is Chris Berry and I am currently the mortgage broker who deals with all leads and referrals for Steve Mcknight and Propertyinvesting.com
I have been in the finance game for about 16 years now and thought I would give you my opinion on the industry.
Being a finance broker and working for myself, I can definitely…[Read more]