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From: Alex Ermo
Dear Forum
I’ve been reading the invaluable info on the forum for the last 2 weeks due to a friend’s Introduction.
Being a beginner investor I would appreciate the forum’s opinion.
My position is as follows.
We’ve got a property valued at 220k we owe 35k.
We have just put a 5% deposit on a long-term settlement (due to be ready in December) on a new I.P. unit, which will cost us 125k, they currently selling at 130k (5k Capital Gain already).
Also we have an overseas property, paid off and rented. The Bank here can give us a loan up to 150k, which is 80% of its value.
What would be the best way utilizing the equity we’ve got?
Thanks in advance for your help.
Alex
Dear Forum
I’ve been reading the invaluable info on the forum for the last 2 weeks due to a friend’s Introduction.
Being a beginner investor I would appreciate the forum’s opinion.
My position is as follows.
We’ve got a property valued at 220k we owe 35k.
We have just put a 5% deposit on a long-term settlement (due to be ready in December) on a new I.P. unit, which will cost us 125k, they currently selling at 130k (5k Capital Gain already).
Also we have an overseas property, paid off and rented. The Bank here can give us a loan up to 150k, which is 80% of its value.
What would be the best way utilizing the equity we’ve got?
Thanks in advance for your help.
Alex
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