“Finders” still getting business!
Should I be horrified? High income past clients tell me in street on Saturday ” we are buying 3 houses through ( outfit I have never heard of) mostly using equity in our ($1m) house. Interest only. ( You have heard this before?) One Auckland, one Hamilton, one Westport. Only for capital growth. The figures stack up” I could scarcely avoid flinching. Was I wrong to feel so negative? Does “only for capital growth” really mean “hardly funds the borrowing”? Could, in fact, this make them rich?
December 05 2011 02:44 pm | Auckland real estate and Landlords/Investment
