• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 2 of 3 FirstFirst 1 2 3 LastLast
Results 11 to 20 of 23
  1. #11
    Join Date
    Nov 2009
    Location
    North Shore Auckland
    Posts
    565

    Default

    Back in 2008 I arranged the largest RCF that I my bank would advance me.....rather cunning I thought....I could see how things were panning out.

    I intend to use this as deposit money.....the bal to be sought from other banks....and of course I will disclose all assests held by me.....probably won't tell them where the deposit came from tho'

    Other than trying to get the very best rental yield I can......atm I'm still hanging out for the magical 10%

    But must admit I'm not looking too hard......I'd like to see some improvement in overseas economies etc before I saddle myself with a large amount of debt.

    Caution being the better part of valour and all that

  2. #12
    Join Date
    Nov 2011
    Posts
    445

    Default

    whats an RCF?

  3. #13
    Join Date
    Nov 2009
    Location
    North Shore Auckland
    Posts
    565

    Default

    RCF = revolving credit facility

  4. #14
    Join Date
    Nov 2011
    Posts
    445

    Default

    which service provider are you with for your RCF? were you able to use it as deposit money as planned for your IP?
    Last edited by donna; 05-09-2012 at 11:31 AM. Reason: removal of hyperlink - no links to commercial sites as per the forum rules thanks

  5. #15
    Join Date
    Nov 2009
    Location
    North Shore Auckland
    Posts
    565

    Default

    Quote Originally Posted by mattinvestor View Post
    which service provider are you with for your RCF? were you able to use it as deposit money as planned for your IP?
    With National Bank

    And no haven't really been looking too hard for another property.....as I said I'll be happier when the world economy looks less precarious

    No idea when that will happen of course......in the meantime quite happy to find myself in the spot I'm in......retired and enjoying the fruits of my past labours
    Last edited by donna; 05-09-2012 at 11:32 AM.

  6. #16
    Join Date
    Nov 2011
    Posts
    445

    Default

    yeah i also don't know when the economy will fare better.. however, a number of commentators are suggesting it is actually recovering now
    Last edited by donna; 05-09-2012 at 11:32 AM. Reason: removal of hyperlink - no links to commercial sites as per the forum rules thanks

  7. #17
    Join Date
    Nov 2009
    Location
    North Shore Auckland
    Posts
    565

    Default

    Quote Originally Posted by mattinvestor View Post
    yeah i also don't know when the economy will fare better.. however, a number of commentators are suggesting it is actually recovering now
    Only I don't think of the OZ economy as a proxy for the world economy

    When I see that things have substantially improved in Europe then I'll be more optimistic

    For example, things I 'd like to see is a substantial drop in the Spanish unemployment rate in the 20-30yo bracket ......currently it's around 50%

    If this was happening in NZ then blood would be let...... Keys mortally injured at the very least
    Last edited by donna; 05-09-2012 at 11:32 AM.

  8. #18
    Join Date
    Nov 2011
    Posts
    445

    Default

    true... recovery may well be occurring in Australia, but i totally agree with you about the concerns about Spain

  9. #19
    Join Date
    Jul 2011
    Location
    Tauranga
    Posts
    2,769

    Default

    Did you purchase the property?

  10. #20

    Default

    Maccachic

    I think you already know the answer to that.
    He does know how to use google though doesn't he.


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Property structure financing and tainting
    By Ella in forum Forum Help Guides
    Replies: 0
    Last Post: 19-09-2017, 07:40 PM
  2. Financing development?
    By phillip30 in forum Finance, legal and tax (NZ)
    Replies: 9
    Last Post: 10-03-2017, 10:55 AM
  3. Replies: 2
    Last Post: 13-04-2015, 07:50 PM
  4. BNZ financing
    By AMR in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 03-03-2011, 08:40 AM
  5. Auckland Property Investor Group: Financing Strategies for the Current Market
    By Auckland PIA in forum Property Investor Associations (NZ)
    Replies: 1
    Last Post: 01-03-2011, 11:44 AM
  6. Financing a cheap investment
    By Odin in forum Finance, legal and tax (NZ)
    Replies: 2
    Last Post: 24-06-2009, 01:49 PM
  7. Trading and Financing
    By Bluekiwi in forum Finance, legal and tax (NZ)
    Replies: 3
    Last Post: 18-08-2008, 11:07 AM
  8. Residential and commercial property Financing/insurance
    By Lizard in forum Property Investment (NZ)
    Replies: 3
    Last Post: 10-04-2006, 12:44 AM
  9. nz financing
    By sally1 in forum Finance, legal and tax (NZ)
    Replies: 1
    Last Post: 15-10-2003, 11:33 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •