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Thanks everyone for your comments. The business is sound (27% net after commercial salaries), has infrastructure in place and the reason I have been offerred to buy-in is because I have helped build it up. I am being offerred a discount to market value (which I have independently had...

Thanks Guys, The purpose of the LOC can be for " housing, personal, housing investment or personal investment purposes (excluding business purposes)". However, as I see it, there is an argument that "business purposes" could mean simply funding instead of a business overdraft or debtor...

Hi Rolf, Lender is CBA and I have a Viridian LOC with them. The business will actually be a partnership of trusts (i.e. not shares in a company) for commercial purposes so I will be buying a share of the goodwill mainly as there is no stock, significant P & E (i.e. it is a service...

Hi All, Recently I arranged a LOC for potential opportunities that might arise this year. Figures as follows: Market value of house - $445k Loan - $157k (with redraw facility of $70k) LOC Limit - $130k So the LVR on our PPOR is now 80% with the LOC and no drawings on teh LOC at the...