A
Anonymous
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From: Anonymous
I was just interested what people's view are on using the same bank for all your property investment deals. I use a big bank however they do like to mortgage everything over the same property which has most of the equity.
I know that this is a dangerous thing so I'm thinking about using another bank for my next deal. What do other people think? It's hard to move equity, so how do people get around this. I have most of my equity tied up with one property and it would be nice to 'share' it around so I have exactly 20 - 30% in each but that doesn't seem possible.
What are other peoples experiences? Also, how do you get motivated again? I feel like just sitting back for a while and not doing anything... is that a bad thing?
Cheers!
Landholdings.
I was just interested what people's view are on using the same bank for all your property investment deals. I use a big bank however they do like to mortgage everything over the same property which has most of the equity.
I know that this is a dangerous thing so I'm thinking about using another bank for my next deal. What do other people think? It's hard to move equity, so how do people get around this. I have most of my equity tied up with one property and it would be nice to 'share' it around so I have exactly 20 - 30% in each but that doesn't seem possible.
What are other peoples experiences? Also, how do you get motivated again? I feel like just sitting back for a while and not doing anything... is that a bad thing?
Cheers!
Landholdings.
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