Howdy.
I’ve just bought the 0-130 book and have been reading it. It’s very interesting. I have a few other books by other authors on similar subjects.
It’s good to see a forum where you can discuss and ask questions [
]I am gathering as much information as I can to learn about investing (in property in particular) in the future. My current situation does not lend itself to being able to invest in any short term now, but I have to start educating myself.
I currently live in Sydney with my wife and two kids and am looking to move to Brisbane by the start of next year. I have a personal loan which needs paying out and at the moment, my wife is on maternity leave. All this leaves us with not much cash at the end of the month (I get paid monthly [
] ).
When we move, my mother and father-in-law are moving around the same time and so are selling their home. They will provide us with a deposit so we may start paying off a mortgage instead of rent as we currently have been doing.
I figure that once my wife is back at work and we are paying off our own home, it would be the appropriate time to start saving money for IP’s. Since we have managed to get used to living off one wage, once my wife is back at work (even part time at first) we should be able to save her wage for investing.
I have been adding extra to my Super, but I think if I get a lot of IP’s it will be a better way of having money when I retire.
I will have to endeavour to get my personal loan paid off as quickly as possible as well, in order to save paying so much money. (And get CCs paid in full too!).Hi Waulok
Firstly welcome to the forum. Feel free to ask as many questions as you like that’s we are here for.
Secondly congratulations on seeing the light and moving upto the Sunshine State. We are a Brisbane Company specialising in finance and orgainising wraps for investors. If you need a hand with finance for the new house or want to discuss wraps at a later stage feel free to contact us.
In the meantime enjoy the chat and banter that goes on.
Cheers Richard
[email protected]
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
WauloK
I am gathering as much information as I can to learn about investing (in property in particular) in the future. My current situation does not lend itself to being able to invest in any short term now, but I have to start educating myself.I just wanted to say investing starts with education and therefore you have started your investing career in the best way possible. Good on you.
Also have a chat to a financial broker or banker you might find your situation to be better than you assume, especially with all the new products on the market available to home borrowers.
Cheers
Leigh K[]Carve your own path and lead the way …
Thanks for your replies.
At my father’s suggestion, I rang a mortgage professionals type place and they told me they couldn’t help me unless I had at least 12% for a deposit saved up as I can’t use the FHOG for the deposit. I think it was the Mortgage Originators or Specialists or something.
I also talked to another investment group Destiny Financials, but they said they can only help if you have no debt and some decent savings.
So I had accepted that my current situation is bleak until all debt is paid off and a princely sum saved.I am a finance broker however, a mate of mine deals with low deposit home loans. You can get him at drmortgage.com.au. He is in Sydney too if you need to make a local call.
I am a finance broker however, a mate of mine deals with low deposit home loans. You can get him at drmortgage.com.au. He is in Sydney too if you need to make a local call.
Stay positive and work out a plan. Work out your plan of attack and keep moving forward. Remember there are many of us in the same boat but by thinking outside the square you will get there. By being in these forums is a great start and there are some very inspirational people.
good luck
kod
Howdy.I’ve just bought the 0-130 book and have been reading it. It’s very interesting. I have a few other books by other authors on similar subjects.
It’s good to see a forum where you can discuss and ask questions []I am gathering as much information as I can to learn about investing (in property in particular) in the future. My current situation does not lend itself to being able to invest in any short term now, but I have to start educating myself.
I currently live in Sydney with my wife and two kids and am looking to move to Brisbane by the start of next year. I have a personal loan which needs paying out and at the moment, my wife is on maternity leave. All this leaves us with not much cash at the end of the month (I get paid monthly [
] ).
When we move, my mother and father-in-law are moving around the same time and so are selling their home. They will provide us with a deposit so we may start paying off a mortgage instead of rent as we currently have been doing.
I figure that once my wife is back at work and we are paying off our own home, it would be the appropriate time to start saving money for IP’s. Since we have managed to get used to living off one wage, once my wife is back at work (even part time at first) we should be able to save her wage for investing.
I have been adding extra to my Super, but I think if I get a lot of IP’s it will be a better way of having money when I retire.
I will have to endeavour to get my personal loan paid off as quickly as possible as well, in order to save paying so much money. (And get CCs paid in full too!).
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