bbinvest replied to the topic Looking for some advice on this scenario in the forum Help Needed! 5 years, 2 months ago
Hi Benny,
I have money in offset against this, so the interest I am paying is already comparatively low. The issue is that when the interest only period finished, the payments kicked up to paying the principal back in 2/3 of the time. Lesson learnt.
The way my current lender handle offset accounts on P&I loans is that the repayment does not…[Read more]
-
bbinvest started the topic Looking for some advice on this scenario in the forum Help Needed! 5 years, 2 months ago
The property in question is a dual occupancy in Rockhampton (two houses, one block) and has been a good rental for some years now. The issue is that the IO period on my mortgage finished and my payments have risen, and I am at least $1000 per month out of pocket, not including maintenance, vacancies, etc.
Rockhampton is at the very bottom of the…[Read more]
-
bbinvest replied to the topic Keep, sell, develop or something else? in the forum Help Needed! 5 years, 3 months ago
As an update to this thread, I ended up selling it for $460k after a cosmetic reno and staging it.
-
bbinvest started the topic Keep, sell, develop or something else? in the forum Help Needed! 7 years, 10 months ago
Hi Everyone,
I have a property on the Central Coast of NSW, in a suburb which has seen good growth in recent times after some years of being flat. The tenants recently vacated and I am looking at options.
It is an early 80’s era 3/1 brick and tile house on a slab which I purchased on 2011 for $300k. It is on a 900sqm block and in good structural…[Read more]
-
bbinvest replied to the topic What type of vehicle do you have ?? in the forum Opinionated! 15 years, 3 months ago
Daily Driver: 2007 Toyota Aurion. Got it from the auctions for a great price. Leased it over 4 years, salary sacrificed it and converted it to LPG. All told, very cheap to own and run.Pride and joy: 1978 Mercedes Benz 450SEL 6.9. Low k's, documented history and in very good condition. A rare car that will not depreciate in value.Fun Machine: 2004…[Read more]
-
bbinvest replied to the topic Cashflow game Maitland NSW in the forum The Treasure Chest 21 years, 5 months ago
Hi there.
I’m new around these forums, and have been browsong around here for about an hour now. What a great bunch of like minded people, and what a great place for good information.
Because I live near Maitland, this thread got my attention. Just wondering, what a “Cashflow Game” is ? Other than having a good time, I gather it’s about doing…[Read more]
Total Members: 159,395
