Total Members: 158,197

esnam

  • esnam replied to the topic Taking investing to the next level in the forum Help Needed! 16 years, 7 months ago

    Servetus – correct me if im wrong but put simply it sounds like your strategy involves borrowing against the increasing equity to purchase more propertes keeping your lvr at a comfortable level. However it is my understanding that this will only work with certain lenders, as you say they do not require to show income. (this does not work with the…[Read more]

  • esnam replied to the topic SELL FOR PROFIT OR BORROW AGAINST EQUITY ?? in the forum No Subject 17 years, 1 month ago

    hi debbie, i was asking myself the same questions as yourself before i noticed your posting. I too have a mining town property thats boom in south hedland, and was thinking of selling that to pay off my debts also.
    my general thoughts were – i think the mining towns have peaked (for now, until the next 7-10year boom) and i do believe we are headed…[Read more]

  • esnam replied to the topic Buyers Agent needed for Perth in the forum Help Needed! 17 years, 3 months ago

    i provide a service aimed at prospective purchasers in the Perth market (living here myself). Not only can i be your buyers representative, but can also assist you in any other needs you might have such as doing your inspections, getting building inspections/settlement agents, managing minor and providing cheap renovations and providing an…[Read more]

  • esnam replied to the topic Property Equity question in the forum Help Needed! 17 years, 4 months ago

    equity is important because it allows you to use the greater amount of equity to purchase more houses. The way the banks work is generally they will lend you 80-95% LVR. So for instance you have the $200K and paid of the 50K with no growth in value then your LVR is at 75% however if its gone up 50K to $250 then your LVR is at 60%. If you bought…[Read more]

  • esnam replied to the topic Cashflow Positive Property – Mining towns? in the forum Help Needed! 17 years, 4 months ago

    hi =) correct me if im wrong but this is from my experience. that was my thoughts about 2 years ago, buy as many +ve cash flow properties as possible, but in order to buy a lot of properties (65 as you say in your case) you need 2 things! income and EQUITY!! just because properties as self sufficient (+ve geared/+ cash flow) doesnt mean the bank…[Read more]

esnam

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