PropertyInvesting.com | richnmags | Activity https://www.propertyinvesting.com/members/richnmags/activity/ Activity feed for richnmags. Mon, 13 Apr 2026 00:14:32 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 a247e0b00961b2275d665ac3d8b60f96 richnmags replied to the topic Uncross securitising two properties using second Bank in the forum Finance https://www.propertyinvesting.com/topic/4394133-uncross-securitising-two-properties-using-second-bank/#post-4592447 Mon, 01 Sep 2008 10:38:35 +0000 Sorry..this is a good point, what is the reason for wanting to have the two loans as stand alone facilities? Seems on the surface of it you would be best to keep things as they are1)Avoid possible Mortgage Insurance2)Avoid possible early termination penalties or break cost3)Why would you want to take money from owner occupier loan and put lump sum…[Read more]

]]> 43589664ded4a61840b69de7d0d29b06 richnmags replied to the topic Turning Private Property into Investment Property in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4394104-turning-private-property-into-investment-property/#post-4592327 Mon, 01 Sep 2008 07:37:13 +0000 Hi ThereThis is not professional advice, but, what you are seeking to do in my expierence is not possible. It is the purpose of the origional loan which determines that it is tax deducible or not. You may be better of selling your current home and using a cash deposit (as much as you can afford) to buy your new home. Then, you take out a new LOC…[Read more]

]]> 6843d96cd3e31ddbd672a1c0f318c2df richnmags replied to the topic Equity for 2nd IP in the forum Finance https://www.propertyinvesting.com/topic/4394132-equity-for-2nd-ip/#post-4592439 Mon, 01 Sep 2008 07:30:02 +0000 Hi ThereWho did you apply to for your deposit bond? What are the figures you are working with?If you want to let me know I will look into it for you.Maggie SmithBroker & new member

]]> 830987ad2299efafe3f05ed2c981af18 richnmags replied to the topic Uncross securitising two properties using second Bank in the forum Finance https://www.propertyinvesting.com/topic/4394133-uncross-securitising-two-properties-using-second-bank/#post-4592445 Mon, 01 Sep 2008 07:20:58 +0000 Hi ThereIts Maggie Smith, from Ripe Property finance in Perth here, (licenced broker since 2002) could you please tell me how much your investment property got valued for (or your estimated current value), and what the current debt that you took out to buy the investment property is a present.The main risk of seperating the securities as I see it…[Read more]

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