Thanks Richard that’s enough to go on

Thought I’d bring this back.

If rent is at 80%

What is likely for second provate business. Like say I start a hire company and make $10,000 per year and keep my main job. Is that $10,000 assessed similar to my main employee job or is it like so many business owners who struggle for loans.

Hi reiya,

Welcome here and yes its overwhelming. First of all, if you have a loan in both of your names that will probably be the biggest hurdle to overcome. I may be wrong, and i am happy to be corrected but this is probably going to slow you down. See what a broker says but in my experience it means you each own 50/50 but owe 100/100. Im hoping…[Read more]

Im not sure about your question but dont forget cgt, may look sus if done in a way they dont like

Thanks everyone, what i didnt know was selling the old house had no cgt, why was that?

Its a piece of cake, i did it and told my old guys to eat the sh.t theyd been giving me themselves. You dont need to do much, the new agent will take care of it for you. My new guys were better and cheaper, wish i did it earlier.

Remember the first part of the return to boom on the property clock as in 1 o’clock is fear of a another crash.

Sounds like you know a fair amount. Keep talking and learning but ask people who have commercial property not just residential. Good luck.

Hello Isabel,

Nobody will be able to answer your question without shaping it better. Why sell? What is your goal? This kind of thing. Will you make money, will you lose less money? I think with some research you’ll be able to answer your question best, you will know what you want. Start here

http://www.realestate.com.au/neighbourhoods

Good luck.

I agree with bangers.
Sure you have manoeuvred well with min payment on 0% and 3% interest on saving. Look into UBank highest interest.

Anyway, you’re fighting well, but after that credit card you owe tax money. They’ll let you pay in instalments but it won’t be free.

I know you want to invest but the skills you will gain paying off the debt…[Read more]

https://www.propertyinvesting.com/secrets-that-only-debt-free-know/

https://www.propertyinvesting.com/get-out-of-debt/

http://www.mrmoneymustache.com

*not able to borrow too much for loans.

Read the total money makeover. Unless you can get a deposit and costs together, make an investment pay more than your debt, you’ll never be even. For example If you have even a low 11% credit card on $100,000 what will it take to get that kind of growth in a property? Probably easier to pay stuff down right now than save a deposit. It’s really…[Read more]

Hello Calderan,

Don’t be embarrassed.

To make it really really simple. Imagine you have a business.

Calderan properties. Think of your mortgage interest and other costs like insurance, management fees as your costs. Think of rent as your income. When your business is making money it’s positively geared. If you are not earning as much rent as…[Read more]

Piggy back to this.

I often wonder how the loans work on this. I have yet to do it.

House A. $500,000 value $250,000 owed. $250,000 equity. I reuse $100,000 for property B deposit.
House B. $500,000 value $400,000 owed.

Am I paying interest in that $100,000 equity that I assume is a line of credit or similar? If so what’s my total net…[Read more]

Terryw on this forum will probably have the answer for this but it sounds like an issue for future loans

Let’s say it’s $400,000 loan. You’ll be seen to be responsible for $400,000 with only $200,000 equity. Sounds to me like you’ll have more trouble getting future loans. You can get an agreement where the loan doesn’t show it but you both own…[Read more]

Consider your loan also, a mortgage broker will be able to comment here but I think 4 properties is the maximum you can build on a normal 95% LVR, there are more available for 3 buildings I believe. Otherwise construction loans are 70% LVR or in that kind of area.

Guzee,

On this forum people will always say

“It depends. We need more detail.”

Your post will get this kind of response if any. That’s ok it’s your first go.

I don’t know SA so I can’t tell you much but why SA? You can invest anywhere you can afford. If it’s SA then what is it you want? Don’t say maximum growth and maximum rental income.…[Read more]