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  • Profile photo of SarahjamesconnorSarahjamesconnor
    Member
    @sarahjamesconnor
    Join Date: 2006
    Post Count: 6
    January 17, 2006 - 11:15 pm

    Hi Guys,

    Im new at this. Ive read a few book regarding investing for positive cash flow. Can you give me any advice regarding finance. Im ready to go but how to Finance, the big question?

    Thanks

    Profile photo of Chris-SydChris-Syd
    Participant
    @chris-syd
    Join Date: 2003
    Post Count: 75
    January 18, 2006 - 12:55 am

    Speak to one of the brokers here to get some more information but it is usually having a deposit and showing that you can service the loan thru your own funds and rental income (if using borrowings for an investment loan).

    Chris

    All post are IMHO.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    January 18, 2006 - 2:03 am

    Hi Sarah

    To give a little bit more information I would need to now :

    1) The sort of property you are thinking of buying and the likely purchase price.
    2) Whether it will be a PPOR or IP. (assume if you are after + cash flow)
    3) Whether you are putting down any deposit into the property.
    4) Details on income so we could work out serviceability.
    5) Whether you have any other equity.

    Hope this helps for starters.

    Richard Taylor
    Residential & Commercial Finance Broker
    Ph: 07 3720 1888
    [email protected]

    Richard Taylor | Australia's leading private lender

Viewing 3 posts - 1 through 3 (of 3 total)

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