W
WebBoard
Guest
From: Peter Boyce
Hi
I have only recently found this terrific forum after reading Jan's latest book ask the following -
I have a few IP's that I am comparing with the intention of purchasing one. I am researching my finance options (after having a preliminary discussion with my bank manager) and would like to get some feedback on the usual fixed term durations that investors in property generally prefer.
The reason I ask this is that in some of the archive material I see that durations of 10 years fixed have been mentioned which is twice as long as my bank have advertised. Having a loan term fixed for that duration definitely sounds appealing, however, a lot can happen in that time frame both personally and economically. As this will be my first step into the investment arena I would like to make as few mistakes as possible.
Cheers
Peter
Hi
I have only recently found this terrific forum after reading Jan's latest book ask the following -
I have a few IP's that I am comparing with the intention of purchasing one. I am researching my finance options (after having a preliminary discussion with my bank manager) and would like to get some feedback on the usual fixed term durations that investors in property generally prefer.
The reason I ask this is that in some of the archive material I see that durations of 10 years fixed have been mentioned which is twice as long as my bank have advertised. Having a loan term fixed for that duration definitely sounds appealing, however, a lot can happen in that time frame both personally and economically. As this will be my first step into the investment arena I would like to make as few mistakes as possible.
Cheers
Peter
Last edited by a moderator: