PropertyInvesting.com | Modonnell | Activity

Modonnell replied to the topic How to get a personal for the deposit of a house in the forum Finance

Mon, 16 Jun 2014 11:03:55 +0000

aslon as it services it sholdnt bea problem , it is not uncommon for people with high incomes to live” well” so they usually have no problem showing servicing , especially when rates are as low as they are and there a nuer of products n th eno genuine savings category.

Modonnell replied to the topic Expert Advice Needed for Self Employed/Pty Ltd Question in the forum Finance

Mon, 16 Jun 2014 10:55:01 +0000

plenty of lenders to 80% for self employeds out there, only need accountants letter .. rates are close to major banks now from 6%

Modonnell replied to the topic Subdivision Building Finance in the forum Finance

Wed, 07 Aug 2013 23:24:25 +0000

a bank would certainly consider this as long as you did it in stages by financing against the property for initial costs and then once approved re-apply based on the new end value …

Modonnell replied to the topic How to invest with investors? in the forum Help Needed!

Mon, 20 May 2013 11:56:26 +0000

It is most important to set up a suitable structure in the begining that allows future investors to enter into your project or jv , something like a unit trust where you can bring new investors / partners in as unit holders ie set the trust up with 100 units which you own , then sell amounts of units off relative to the value of the property .…[Read more]

Modonnell replied to the topic What should i do ? in the forum Help Needed!

Thu, 06 Sep 2012 09:26:32 +0000

Maybe invest in an unlisted property trust .. Returns can be good and usually spread over different property types