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2019 Money Magnet Symposium - Discover how to make, and keep, more money and achieve a financially empowered future
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  • Profile photo of brecciasoundingbrecciasounding
    Participant
    @brecciasounding
    Join Date: 2016
    Post Count: 18

    We bought another house for investment. Its only a 64 sqm house and lot ( Poli End unit). The house has a 24 sqm meter floor area only. We bought it without a partition ( bare inside). Anyway, since we run out of budget for its improvement, I was thinking to borrow a loan from a bank or any other lending companies. I have no experience in doing so. What do you think? I would like to borrow around $5000 or more? Do you have an idea in borrowing and its interest rates?

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Where is the property located and what did you pay for it ?

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of brecciasoundingbrecciasounding
    Participant
    @brecciasounding
    Join Date: 2016
    Post Count: 18

    The house is located in California. I already talked to one of the financial advisers. He helped me understand options and gave advise on how much money I can borrow for my loan. I am thinking to take this “option” but still undecided till I have discussed this with my wife. :) Thanks for your reply.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    This is an Australian Forum so you might be better off fishing closer to home.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

Viewing 4 posts - 1 through 4 (of 4 total)

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