" If you took out a margin loan of 90% for a $1 million blue chip portfolio you would be nuts, yet, this is considered a "cant lose" strategy by property spruikers. Pfftt."
According to most on this site, I'm a property spruiker, a shill and a member of the ponzi property scam.
I would never recommend your example above. If you were a property investor doing the above I would consider you nuts! That would not be a smart move.
However if you took a loan where you had 70% LVR, brought in a good area close to CBD, close to employment, good schools and transport in a desired area with the possibility to later sub divide, I would say you could be onto a good thing.
- Forums
- Property
- aussie john: negative gearing’s killing fhbs
" If you took out a margin loan of 90% for a $1 million blue...
-
- There are more pages in this discussion • 53 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online