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  • Profile photo of David AndersonDavid Anderson
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    @david-anderson
    Join Date: 2009
    Post Count: 17

    Interesting ball game indeed!

    Thanks for sharing your knowledge.

    Profile photo of David AndersonDavid Anderson
    Member
    @david-anderson
    Join Date: 2009
    Post Count: 17

    Does that 105% and 99% include LMI capitalisation or is that on top of those figures and they lend the whole 99% or 105%?

    Profile photo of David AndersonDavid Anderson
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    @david-anderson
    Join Date: 2009
    Post Count: 17

    Do you know what lenders will provide this? Is it common enough procedure? I had planned on project managing the renovation with quotes all obtained prior to commencement is this adequate or it needs to be a builder with a fixed quote?

    Profile photo of David AndersonDavid Anderson
    Member
    @david-anderson
    Join Date: 2009
    Post Count: 17

    Is the loc on the ppor or ip? I’m assuming ppor so you could use it for multiple investments? That sounds really good though!

    Profile photo of David AndersonDavid Anderson
    Member
    @david-anderson
    Join Date: 2009
    Post Count: 17

    Terryw that sounds really interesting what you are saying about the loc for cashflow. I don’t quite understand it 100% though, are you able to give me an example of how it would be used?

Viewing 5 posts - 1 through 5 (of 5 total)