Forum Replies Created
Thanks guys sent emails to both people regarding property management! Thanks for the help!
Hi Benjamin,
thanks for the info, yes i would definately be interested in your clients contact. Alternatively you could give him my email
Otherwise can you let me know your email and i can get all the info off you there.
Thanks heaps!
Peter
Hey property power, excuse my ignorance as i'm only 21 and just getting into the whole property investing scene but what is LVR? I meant actually own a property as in at the end of my 30 year loan i wont have to pay a cent anymore where as in your example with the interest only loan i would still have the same loan amount after 20 years or so. I know an interest only loan would better suit me at the moment as the p&i loan still leaves me $300+ out of pocket even when i have a tennant in it but yea i'm just thinking of 30 years into the future i could theoritically own the property, have paid the loan out and use that propery as an income? I duno maybe it's my young mind but is this what i should be doing or changing it to an interest only loan? I'm open to all opinions!
Hey thanks for the quick reply marc! I think i still have a lot to learn, maybe i shouldn't jump the gun and weigh up all my options. I found it interesting to know about the depreciation that can be claimed. I also understand an interest only loan would reduce my repayments by a lot however i was wanting to actually own a piece of property after the 30 year period or would i just be better off changing it to an interest only loan to lower my repayments and get closer to the breaking even mark??
Cheers for the quick replies guys, yea i was thinking of turning it into a storage area for thing's i wouldn't need to access a lot as the tv would be sitting in front of it. It's a really strange area i can't explain but i will take some photos and post them, be a bit hard to show the space under the stairs etc without photos. Anyway i havent moved in yet because it settles on the 27th (9 days time) but during my final inspection this week i will get the photos. From what i can remember the area under the stair case it only about 1-1.5m tall and maybe 1.5m long, it stops because there is a wall which comes out and curves away from the front door, also bit hard to explain.
Cheers Pete
