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  • Profile photo of ayoungunayoungun
    Participant
    @ayoungun
    Join Date: 2007
    Post Count: 3
    December 3, 2007 - 11:03 am

    Thanks for that. I now understand how it may be possible. I will look further into opportunities in rural areas that are cash flow positive.

     

     I’m also trying to work out whether I should continue with development. Basically my current plan is to find ways to add value through renovation or building.

     I don’t believe $100,000 equity is enough to enter commercial developments?

    So many oppertunities, so little money!

    Profile photo of ayoungunayoungun
    Participant
    @ayoungun
    Join Date: 2007
    Post Count: 3
    November 30, 2007 - 11:23 am

    Thanks Duckster for you reply, however i am quite aware of the gst implications and have already registered to claim as much back as possible.

    Thanks handy andy, i cant see how i could afford to purchase 2 further investment properties with only $100,000 equity? ie. i could borrow 70% of this on a low doc loan which would give me $ 70,000 which is a good deposit for 1 investmant property. i really dont want to pay alot of morgage insurance as this will diminish the small funds i have. please explain how you think i could buy 2 and at what sort of price leval? 

    if anyone else has any further views i would love to hear your oppinions?  

    thanks

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