Ta,Have done that, thanks again.Paco

Thanks thecrest,,Looking for motel leasehold, any area NSW country, 3.5 star to 20 rooms?, no restaurant, unable to determine price range until I can determine availability of funds thru either equity, cash thru sale of investment properties, super funds (if possible or required) and any severance monies acquired once leaving job after 16yrs.I…[Read more]

Gday thecrest,I know this is an old post to which I reply, but can you clarify the "equity" component here. As I understand it, the 80% lend is based on the total value of the property, ie; home value $500K, owing $271K = equity of $229k.You say a lend of $183K is possible, but I believe it should be calculated thus, (or at least this is what I am…[Read more]

thecrest wrote:
Quick reply as requested.In theory $229K equity, mortgaged to 80% of its value, ( $183K) will enable you to borrow enough to buy a :Leasehold for $366K ( assuming LVR of 50% ) or aFreehold    for  $457   ( assuming LVR of 40% ).That does not include costs for stamp duty, loan establishment fee, valuation on equity,  and legals…[Read more]