Major kudos to George Karandjias of PFA Private, who got us the funding for the property in Townsville (3 posts ago) in just 10 days from application to settlement – that’s 10 calendar days! We have now asked him to use his contacts to make the transfer of our whole portfolio & the winner is CBA, [...]
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Just following on from the previous post, Mary & I have just been through the process of acquiring private finance in the form of a short term caveat loan, so that we can pay for the motorhome in time for us to collect it. Translation: The lender places caveats (like a second mortgage) on some of our [...] In order to pay for the converted bus that will serve as motor home & mobile workshop, we are re-financing the whole portfolio for the last time. The funds generated will also finance out travels for (I think) about a year, by which time the “Outback IT Service” needs to be making an income, maybe even [...] Remember that property with the photos a couple of posts ago? Its valuation came in lower than the purchase price, which is unusual for the type of properties that we buy. That meant that we were obliged to find much more cash for the purchase. Fortunately for us, our finance approval had not yet been formally [...] |
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