PropertyInvesting.com | M3 | Activity https://www.propertyinvesting.com/members/m3/activity/ Activity feed for M3. Wed, 15 Apr 2026 09:24:36 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 52d9bffadc87a6a6fff8ac3ba4121524 M3 replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/page/2/#post-4592715 Mon, 26 Jan 2009 13:30:12 +0000 Yossarian your quick to judge on a situation you know very little about….

]]> 6f5f7c78969c8d01fdebb34f052b5b78 M3 replied to the topic Obtaining loan amount higher than the security value in the forum Quote: If your parents in https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/page/2/#post-4592713 Mon, 26 Jan 2009 10:14:50 +0000 Quote:
If your parents in law are borrowing money, then they are the borrowers, not you.

Yeah I already know that, what your point? I've bought an off the shelf company and changed the name.

]]> 728e3f67f3690377f0ca061443ec6da4 M3 replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592710 Mon, 26 Jan 2009 05:40:27 +0000 Quote:
MGo back and reread all the posts. Especially yours – you were asking to borrow $250,000 based on a security of $150,000. It is a business purpose, but you don't want to tell the bank that because they won't lend. What else can you do?Who is borrowing the money? you or your partner's parents?

That was the original plan but it was not…[Read more]

]]> b8b05d3d2d4b5f93bd847c4b305cecdd M3 replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592707 Fri, 23 Jan 2009 03:59:45 +0000 Appreciate your concerns Dan. Audit is almost impossible and a waste of money. The books have been "cooked", artifically deflated revenue. That's the nature of the hospitality industry. The only way to find out is to trial the business. There is a trial period for 2 weeks with the owner claiming trial revenue very close to the advertise rev…[Read more]

]]> f47fe87459116ebdad38cd39e2d537de M3 replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592705 Thu, 22 Jan 2009 18:51:24 +0000 Quote:
Who is getting the loan? If it is your partner's parents, then they may be borrowing for investment purposes – they are lending the money to you, not buying a business.

Oh I see, would that work? hmmm, wouldn't the bank ask what type of investment? eg shares, property? If they say lending the money to me to buy a business,  then…[Read more]

]]> dd0e195a3e02bc77224a11183f6540b4 M3 replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592701 Wed, 21 Jan 2009 16:08:11 +0000 I've spoken to Westpac, they need to know the purpose of the loan… I am affraid to state that the loan is for a business as I will then need to apply for a business type loan, which I assume is harder to obtain because the business I am buying is "trading at a loss". I orginally wanted $250k but would be happy with $100k.. Is there any other op…

]]> 64e2eb47f01d4c584ab7d2b9b4f50d01 M3 replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592699 Thu, 02 Oct 2008 19:31:12 +0000 OK now that this is not possible. I have another option to consider. My partner's parents are willing to put the PROPERTY INVESTMENT LOAN under their name. They have a single income of $31,200. House worth $380,000 still owing $40,000With the Property investment loan, do you need to have poof that your actually buying an investment property? Or do…[Read more]

]]> 90135fa331f4cd17d4f8b7939291ddd7 M3 replied to the topic Obtaining loan amount higher than the security value in the forum Finance https://www.propertyinvesting.com/topic/4394199-obtaining-loan-amount-higher-than-the-security-value/#post-4592695 Tue, 09 Sep 2008 14:28:10 +0000 Damm, is there any other way to get it?

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