Hi to all you Forumites.Wonder if i can seek some assistance re first I.P.
Ilive in Adelaide Hills on 10 acres valued @$310k. Owe$185k (to Resi) and am looking @aproperty asking price $150k
I plan to purchase 3or4more properties in the next 4 years (approx.)
Q. How can i set this up for the long term ?
Q . Can i do this with out encumburing my residential property ?
Q. Would line of credit be usefull?
Q.Would i (stop me if youve heard the one about) sign on for the maximum term of 25 years to make the repayements smaller?
Thanx y,all in anticipation. Bill.
Ilive in Adelaide Hills on 10 acres valued @$310k. Owe$185k (to Resi) and am looking @aproperty asking price $150k
I plan to purchase 3or4more properties in the next 4 years (approx.)
Q. How can i set this up for the long term ?
Q . Can i do this with out encumburing my residential property ?
Q. Would line of credit be usefull?
Q.Would i (stop me if youve heard the one about) sign on for the maximum term of 25 years to make the repayements smaller?
Thanx y,all in anticipation. Bill.