Forum Replies Created
I haven't invested in south kempsey. But I work in the area so I know a little about it. Some streets I would image are much better then others. There is a large percentage of residents who are reliant on centerlink payments. I wouldn't buy sight unseen!
Lee
A quick one that im looking into is sub division. Then looking at moving a second hand house on to the second block. Saves time and money. Still researching the ins and outs of it. The rules change with each council bit if the numbers don’t stack up look somewhere else. They are out there Ive seen them but due to a poor structure (hadn’t work out finance) I missed out.
Andrew
Lee
Im on the bottom rung of the ladder too with one IP under my belt but think that you have missed the point. There is no golden goose that you walk up too with a bucket and then walk away with a 10% yield. If you think that you can buy CF+ off the shelf you need too look somewhere else. But if you do this you will do what have done for a year or so and thats go around in circles. From what I can work out CF + deals are made not found. But more importantly you need to get your structure right to start with.
Andrew
Thank you all for your comments and thoughts so far. Im about to show my lack of knowledge but here goes. Can you guys help my with a few questions.
1) How do I get around cross collateralisation?2) Whats an all monies clause (i have one in my loan contract)
3) My IP is unencumbered. Im not sure what this means in terms of borrowing more money.
Lastly is there anyone out there that can point me in the direction of an interest only loan where I have access to extra payments I make.
Thanks
