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we've done several with 0% deposit by using a loc on another property ... but, as with my example above, sometimes it's just worth cashing the proprety in and using the money in a more profitable manner. banks will often only value on "fire sale" value rather than what a property is actually...

hi redwing we're doing this at the moment. we have a property that has no foreseeable growth with no room to increase the growth above the suburb medium (ie, no room for improvement). and even then it is a suburb that is rather average as well. we have made significant growth on the...

that too - but i really meant ... what is the purpose of what you have purchased, what you intend to do with it, how does it fit into your $$ goal and how will it increase your net worth? rather than just buying and getting in debt for the sake of buying and getting in debt. that is the...

i think peter was getting at, was that he wanted people to pause and question what is the purpose behind the debt they were amassing, and that due diligance was being done to ensure the value of the property would increase far above the rate at which the debt is increasing ... rather than just...

no so much enthusiastic about the debt ... but the means to the ends that it affords. by increasing debt this week by another $300k means i get to hold a 3-4 townhouse site (with a good rentable house currently on it) in a top location which, by the time i develop it in 2 years time, the...

i can totally belive it ... i get very excited about the $1.7mil we have in good debt - and seeing the mortgage broker tomorrow about putting another $300k onto that - oooo - that will take us up to $2mil ... very very exciting. i didn't stop to count the equity - to busy creating it to stop...