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From: Sarah Verrone
Hello all,
Peter Spann,in his tapes called"Property
Magic"talks about using a redraw facility
to access a deposit for purchasing further investment properties.
He said that using this redraw facility has been vital to his success.As I understand this is not a line of credit.
I asked my bank about their particular redraw facility.The guy said,when you are ahead in your mortgage repayments you can redraw some of it,providing your
ahead $3,000.
This doesn't sound like the same thing Peter Spann is talking about.
Any Spann graduates that could explain to me
what type of facility he is referring to and
where I might obtain one?
Thanks Sarah
Hello all,
Peter Spann,in his tapes called"Property
Magic"talks about using a redraw facility
to access a deposit for purchasing further investment properties.
He said that using this redraw facility has been vital to his success.As I understand this is not a line of credit.
I asked my bank about their particular redraw facility.The guy said,when you are ahead in your mortgage repayments you can redraw some of it,providing your
ahead $3,000.
This doesn't sound like the same thing Peter Spann is talking about.
Any Spann graduates that could explain to me
what type of facility he is referring to and
where I might obtain one?
Thanks Sarah
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