bla0018 replied to the topic Help needed about adding value to property equity in the forum Help Needed! 10 years, 1 month ago
Okay awesome cheers for the response so can the bank reject the offer for a full valuation ?
bla0018 started the topic Help needed about adding value to property equity in the forum Help Needed! 10 years, 1 month ago
Hi guys
Just wanted to clear some info up as I’m a bit confused. I purchased my first house about 9 months ago in which I’m currently doing a renovation in hopes to refinance in a years time when the Reno is complete and do a equity release on the higher value . My confusion is I have recently been told by someone that when they refinance they…[Read more]
bla0018 started the topic Broker and buyers agent in the forum Help Needed! 10 years, 2 months ago
Hi
Just wanted to know if any can recommend a broker and buyers agent that is located in Melbourne. For the broker I’m more after someone who specializes in investment properties and understands how to structure a loan keeping in mind I don’t want to limit my borrowing capacity. And for the buyers agent I was looking for someone who can look out…[Read more]
bla0018 replied to the topic Need help in the forum Help Needed! 10 years, 2 months ago
Yeah I realize that I know the bank isn’t going to give you money for free haha. That will be the challenge, finding a strong yield along with good growth which I guess is what everyone is looking for
bla0018 replied to the topic Need help in the forum Help Needed! 10 years, 2 months ago
I try to network as much as I can just trying to focus on a good strategy.
I’m 21 at the moment I work as an electrician. I have bought a house 6 months ago in which I’m currently fixing up. And on the side of that I’m saving another cash deposit which I’m about couple months away from having. I’m going to refinance and use the equity along with…[Read more]
bla0018 started the topic Need help in the forum Help Needed! 10 years, 2 months ago
Hi
Just wanted to know if anyone here can recommend a good financial planner or mentor
looking to build a strong base and investment plan to grow a large portfolio, 30+ properties by 30. My biggest issue is there are so many strategies that all seem appealing its confusing trying to focus on one. I’m hoping to get a planner that can…[Read more]
bla0018 started the topic Quantity surveyor in the forum Help Needed! 10 years, 3 months ago
Does anyone know a good Quantity surveyor in Dandenong Victoria region
Help is greatly appreciated
bla0018 replied to the topic Advice in the forum Help Needed! 10 years, 6 months ago
Thanks for the information guys I will be planning on staying on the townhouse
bla0018 started the topic Advice in the forum Help Needed! 10 years, 6 months ago
Hi all
Just wanted a bit of direction
I currently own a 1 bedroom apartment in the city
It’s worth around 350k and I have around 100k left on the loan
I have aspirations to own a town house within close proximity to the city in the near feature
My question is should I pay down the loan on my current apartment or try to refinance now and…[Read more]
bla0018 replied to the topic Investing goals in the forum Help Needed! 10 years, 6 months ago
So you believe that I could have purchased the second property now if I structured the ppor loan properly ?
And to answer your question Corey I will be investing with my partner.
bla0018 replied to the topic Robert Kiyosaki cash flow 101 -aka rich dad poor dad(western suburbs melbourne ) in the forum Help Needed! 10 years, 6 months ago
would be awesome to meet some fellow investors I am young and inexperienced but definitely keen to learn only issue is i live in south east
bla0018 started the topic Investing goals in the forum Help Needed! 10 years, 6 months ago
Hi all
Just wanted some direction, Im 21 and recently bought a house 2 months ago with my partner for 290k. I have a room mate who pays rent weekly $150.
I have set myself a goal to buy another house next year to rent, one year from purchasing my first house.
I currently have an offset account with an I/O loan for 5 years so I am saving every…[Read more]
bla0018 replied to the topic Equity vs money in the bank in the forum Help Needed! 10 years, 9 months ago
Ahh thanks so much for the replys cleared up alot of questions
bla0018 replied to the topic Equity vs money in the bank in the forum Help Needed! 10 years, 9 months ago
Also if I were to do the second bathroom it is next to the main bedroom and was considering making it an ensuite but still not sure whether to just stick with saving
bla0018 replied to the topic Equity vs money in the bank in the forum Help Needed! 10 years, 9 months ago
So you saying minimal things more cosmetic? I'm an electrician and pretty handy on the tools could do most of the work myself but cost of materials is still quite expensive. The house is still quite new just on 5 years old just trying to figure what's my plan of attack
bla0018 replied to the topic Advice on property in the forum General Property 10 years, 9 months ago
Ah thanks so much for the advice so many different strategies out there I know I'm young but I just want to set myself up for down the track
bla0018 replied to the topic Advice on property in the forum General Property 10 years, 9 months ago
Sorry little confused I don't want to sound stupid but I purchase ip by using equity from my ppor but if I'm paying intrest only and saving in an offset I won't have much or any equity in the ppor
bla0018 replied to the topic Advice on property in the forum General Property 10 years, 9 months ago
Thanks for the response
so your saying to continue paying P&I and use equity to purchase future purchase?
bla0018 replied to the topic Advice on property in the forum General Property 10 years, 9 months ago
What about when the banks want a lump sum principle payment do I just leverage that by selling IP. Also is it worth trying to add value to our PPOR eg, pergola decking adding toilet.
So save as much into an offset account and use that as a deposit for the next home?
Sorry for all the questions just want to get a good grasp of how I should set…[Read more]