Peter L

Registered with Property118.com
Friday 15th August 2014


Latest Comments

Total Number of Property118 Comments: 2

Peter L

22:48 PM, 19th August 2014
About 5 years ago

Property Investment Strategy with plans for immigration

Reply to the comment left by "Mark Alexander" at "19/08/2014 - 19:58":

Thanks Mark,

Ill be in touch.

Regards
Peter... Read More

Peter L

18:54 PM, 19th August 2014
About 5 years ago

Property Investment Strategy with plans for immigration

Mark,

Many thanks for accepting my post and for the quick reply. I did expect a response along these lines if I'm honest 🙂

Can I afford to take a hit if properties fall? If this means not being able to raise sufficient capital through the sale of one or more properties to pay back the loan(s) then no i can't.

Raising £1m in cash is the best case scenario - however unlikely it may be in such a short period of time. I was considering the possibility of releasing sufficient funds from a property portfolio here in the UK for a deposit on a property in Australia.

If i can make the numbers work, my tenants here could continue to service the mortgage(s) in the UK and I would work towards paying the new mortgage in Australia. Depending on the size of the mortgage, we have a small flat we own outright over there we can sell to put towards it..

Am I being unrealistic?

Peter... Read More