Mar 9 2009, 11:17 PM
QUOTE(Phoeni_142 @ Mar 8 2009, 11:53 PM)
Sure. Long story short - it's just a fancy way of saying that I buy undervalued.
1. My net worth or equity increases immediately at point of purchase.
2. It enables me to get a higher loan amount, provided both the vendor and I agree to put a higher figure on the S&P vs. the market value.
3. It's so much easier to get a top up from my banker.....I just got an option to top up on one of my apartments after just 4 months of initial purchase.
How do you spot an undervalued prop? And what do you do with it? Do you rent it out?1. My net worth or equity increases immediately at point of purchase.
2. It enables me to get a higher loan amount, provided both the vendor and I agree to put a higher figure on the S&P vs. the market value.
3. It's so much easier to get a top up from my banker.....I just got an option to top up on one of my apartments after just 4 months of initial purchase.
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