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The mysteries of finance - Pls explain
Reply: 2.2 From: Nigel W Rolf I assume that an $800K lend presupposes 20% deposit/equity plus costs. So our typical couple would need $160K in cash/equity plus costs. Is that right? Not a lot in the scheme of things but quite a lot for a couple on 45K/yr! that's probably 5-6 times their...- NigelW
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- Forum: WebBoard Property Investor Forum Archive
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The mysteries of finance - Pls explain
From: Nigel W Okay, the latest API mag has a great article from Doidgy including a case study of a couple who've gone from 0 to $1M in under 2 years using the reno, revalue, buy again using equity approach. Even though I've done the reno & revalue thing now myself, I'm still mystified about...- NigelW
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- Replies: 6
- Forum: WebBoard Property Investor Forum Archive