Handy Andy,What is the establishment costs.
I have looked at some of these financing deals and with the establishment costs, the relatively small loans and the short time frame 2-3 years. The establishment fees pushed the actual finance cost over 11% pa.
As per my previous post the problem with the US market is the limited scope for capital gains. If you are buying higher than we were then the gains are going to be marginal. Obviously, the finance, if it comes in at realistic % will make a difference to your returns but with the management costs and difficulties there will be better deals in Aust.
Cheers
I will have all the financing details out by next week including upfront fees etc. Its looking very attractive.