PropertyInvesting.com | MrTrader | Activity https://www.propertyinvesting.com/members/mrtrader/activity/ Activity feed for MrTrader. Fri, 17 Apr 2026 20:51:24 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4782da68590a5f95482820dab636f1f9 MrTrader replied to the topic Inner City Bummer in the forum Help Needed! https://www.propertyinvesting.com/topic/4381722-inner-city-bummer/#post-4526516 Wed, 17 Aug 2005 07:21:50 +0000 Thanks Hellman,

So is the thinking the same when it comes to general residential property?

Once you get a few IP’s under your belt, is the bank still “assuming” you need to cover the repayments on every single one out of your income?

And so basically, it would be better, easier and possibly?? just as profitable to look elsewhere (outside inner…[Read more]

]]> abf7f637db4e71162d3c00ef4a4a1b2c MrTrader replied to the topic Using my equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381666-using-my-equity/#post-4526153 Wed, 17 Aug 2005 06:35:09 +0000 Hi Leo777,

From my understanding through MortgageHunter and grossrealisation here and talking to my broker again, you will be servicing the ENTIRE debt.
So in your equation below (in theory), BANK A’s loan will increase to 200K and BANK B’s loan will be 185k.

The 65k equity you drew out and the new 185k loan should be interest only and is…[Read more]

]]> e25f7bbcde7812ee375770627b97d4bc MrTrader replied to the topic Using my equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381666-using-my-equity/#post-4526149 Sat, 13 Aug 2005 13:14:42 +0000 Thank you Mortgage Hunter.

Yes I understand now. Sorry just confused me a bit when Grossrealisation said “Equity is exactly that there is no cost or interest on equity”.
I interpreted that as “no repayments on equity”

So overall, it’s a matter of serviceability and if you want to be +geared, then finding a property that covers (rents out) the…[Read more]

]]> 55ebffe98ad5d554dc1a36edfacf7416 MrTrader replied to the topic Using my equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381666-using-my-equity/#post-4526147 Sat, 13 Aug 2005 12:36:52 +0000 Hello Mortgage Hunter,

Thanks for your reply.

This is where I get confused however…the 50K that I withdraw (seemingly from thin air – ie. an increased valuation of my property)… do I repay this to the lender AS WELL as the other 150K I would have on loan for the IP???

Here is my story in brief:
MY PROPERTY:
purchase: 155K
loan:…[Read more]

]]> f0ee0f3bc712981629f9348c4febbafb MrTrader replied to the topic Using my equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381666-using-my-equity/#post-4526145 Sat, 13 Aug 2005 12:19:37 +0000 The place in my building would only go for around 200K (small 1 bedder) but could rent at probably $250/week.

If I use my 50K as a deposit, that would be 25% of total sale which should be ok for lending mobs shouldn’t it?

Thanks!

]]> cda2466f590ee423360fdd381a7b7cb9 MrTrader replied to the topic Using my equity in the forum Help Needed! https://www.propertyinvesting.com/topic/4381666-using-my-equity/#post-4526143 Sat, 13 Aug 2005 11:58:27 +0000 Hi Grossrealisation,

Thanks for your answer. Well that’s what I thought BEFORE I went and saw the broker.

I thought that if someone had equity built up either through repayments or increased valuation, then that was there’s to draw out without having to pay back?

So basically if I have roughly 50K equity in my current home, I can use that as a…[Read more]

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