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From: Rolly Taddeo
Hello all readers
i have talked to 2 banks about borrowing $300,00 to $500,000 for more IPs.
My response was the maximum you can borrow is $220000. Reason was they are more concern about making the repayments than they are in my asset.
Assets are: 4 IPs Value $1.2million plus home i live in $400000.
Income from wagers $65000 yearly
Income from Rent $50500 yearly
Loans:
LOC for $235,000 repayment $1,218 monthly.
P.I. Loan for $230,000 repay $1370 monthly.
How do i accumulate more IPs ?
Regards Rolly
Hello all readers
i have talked to 2 banks about borrowing $300,00 to $500,000 for more IPs.
My response was the maximum you can borrow is $220000. Reason was they are more concern about making the repayments than they are in my asset.
Assets are: 4 IPs Value $1.2million plus home i live in $400000.
Income from wagers $65000 yearly
Income from Rent $50500 yearly
Loans:
LOC for $235,000 repayment $1,218 monthly.
P.I. Loan for $230,000 repay $1370 monthly.
How do i accumulate more IPs ?
Regards Rolly
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