Caspar2020
2019-01-04 18:28:13
- #1
Why are they over 100%? If the property is purchased without a broker and they are lucky with the tax office (like we did in RLP, we only had to pay property transfer tax on the land value for the fully developed land).
With a 200K property cost and only 10K equity, it will be difficult to stay below 100% loan-to-value ratio.