...next property boom?..., page-5

  1. 1,363 Posts.
    No doubt about all of your comments, can't wait to see a contract.

    How does the lender secure their own borrowing? If property devalued by say 20% is their lender going to do a margin call on them, forcing the sale of your house? I bet wizard will be the first beneficiary of funds in that case!!

    The way I understand it is you can renovate at your expense and lender will share the capital gain!

    Bet they don't share rates bill!!!

    Still, it will interest a lot of buyers I think.

    Say you've got a $500k home with $100k mortgage, you could theoretically buy a $1m home (50% equity)with the same $100k mortgage and enjoy the spoils of improved living accommodation and perhaps a better capital gain % overall.

    cheers, stainless
 
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