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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    December 11, 2018 - 12:08 pm

    You should always know what your capacity to borrow is before doing any deals. You don’t actually need to get a ‘loan’ before finding a deal. But, having a broker look over your financial situation will give you a good indication of what kind of capacity you have which will then allow to seek out opportunities within that capacity.

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

    Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    December 5, 2018 - 4:56 pm

    Hi Brizza,

    Whether you can or can’t borrow anymore cannot be determined by such a small amount of info. It would be irresponsible to give you an answer without a full assessment of your financial situation.

    If you’re want to know if you can borrow more, get in touch with a good broker who can assess your situation and give you an accurate idea of what’s possible for you.

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

    Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    September 24, 2018 - 5:11 pm

    Crossing securities is rarely the solution. The same result can be had by not crossing, which would give you more flexibility generally speaking. Ask him why he can’t still access your equity required without crossing securities. He should be able to answer immediately.

    Seeing as you’re not comfortable with that structure, tell him. It is your choice at the end of the day. He’s a credit advisor – not a credit forcer. He cannot force you to use that structure if you’re not comfortable.

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

    Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    August 31, 2018 - 8:11 am

    Hi FXDaemon,

    Certainly this could be an option for you. We are doing quite a few of these with investors such as yourself who have maxed out servicing capacity with the traditional lenders.

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

    Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    August 13, 2018 - 12:55 pm

    Hi Adam. The simple answer is no. It isn’t imperative for the majority of people. But it really depends on what the longer term plan is & your situation. How big will your portfolio get realistically? Will you invest in multiple states? Is your profession the type that is risky from a litigation point of view?

    These are the things you should discuss with a structuring lawyer who specialises in entity structuring. They can advise you which entity is best suited to your situation & goals and why.

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

    Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    July 31, 2018 - 6:49 pm

    As being alluded to above, there are quite a few things that have changed in the last couple of years & are constantly changing as we speak. Assessment rates for existing debt, new debt, OFI debt, living expense calculations, P&I/IO debt assessment differences, margin lending debt to name a few.

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

    Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    June 21, 2018 - 9:57 am

    Your situation sounds like it it’s in need of specific legal/tax/estate planning advice.

    Perhaps get in touch with @terryw from this forum. He specialises in these areas.

    https://www.propertyinvesting.com/members/terryw/

    • This reply was modified 5 years, 10 months ago by Profile photo of George Poullos George Poullos. Reason: addition

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

    Profile photo of George PoullosGeorge Poullos
    Participant
    @york-p
    Join Date: 2015
    Post Count: 10
    June 14, 2018 - 11:37 am

    Is it possible to ask for valuations from agents outside the area? Say from Dare, Tibar or Hera? Perhaps looking at current real estate for sale in Dili and using that an as guide to bring the two parties to the table?

    Failing that, perhaps you might need the services of a local lawyer who may be able to suggest an independent valuer or another kind of valuation usually accepted there for the purpose of a divorce settlement. Also they might be able to run some property searches to determine current block size & if any sub-divisions were done as declared by the owner spouse. Will most probably cost some money but might speed up the process and finally help get final settlement over the line, especially if this is the last sticking point as you have mentioned.

    George Poullos | Precision Funding
    http://www.precisionfunding.com.au
    Email Me | Phone Me

    Finance Strategist & JP

Viewing 8 posts - 1 through 8 (of 8 total)