Search results

  1. Perp

    2009 was a good year..where to now?

    True, if you have plenty of each! ;) But, if you're at max LVR on your existing assets, then you have no available equity, and that's when it makes a BIG difference whether the asset "stands on its own". In such a situation, you can only do "no money down" deals, and the only true "no money...
  2. Perp

    2009 was a good year..where to now?

    Agreed. Nathan, I managed to negotiate similar deals to what you are proposing a few years ago, but had difficulty financing it once the lenders became aware that there was a vendor finance component. Commercial as in "true" commercial ie office/retail/warehouse etc - yes, but not multiple...
  3. Perp

    2009 was a good year..where to now?

    You're a crack-up, PB. Yes, the difference is which assets are used as security, that's precisely the point. :) If, when purchasing an asset, you need to inject cash/security from another asset, then it's not "no money down", because the deal doesn't stand on its own merit. If it's was a true...
  4. Perp

    2009 was a good year..where to now?

    I'm glad you've found a great deal, but may I take this opportunity to be pedantic and correct a common misconception... this isn't a true "no money down" deal. I've seen a few people refer to no money down in this context, but cash from a LOC is still cash. You've just withdrawn cash from your...
Back
Top