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  • Profile photo of bla0018bla0018
    Participant
    @bla0018
    Join Date: 2014
    Post Count: 42
    February 27, 2014 - 7:32 am

    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 

    Profile photo of bla0018bla0018
    Participant
    @bla0018
    Join Date: 2014
    Post Count: 42
    February 27, 2014 - 7:30 am

    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 

    Profile photo of bla0018bla0018
    Participant
    @bla0018
    Join Date: 2014
    Post Count: 42
    February 6, 2014 - 9:37 am

    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 

    Profile photo of bla0018bla0018
    Participant
    @bla0018
    Join Date: 2014
    Post Count: 42
    February 6, 2014 - 9:19 am

    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 

    Profile photo of bla0018bla0018
    Participant
    @bla0018
    Join Date: 2014
    Post Count: 42
    February 6, 2014 - 9:04 am

    Thanks for the response 

    so your saying to continue paying P&I and use equity to purchase future purchase? 

    Profile photo of bla0018bla0018
    Participant
    @bla0018
    Join Date: 2014
    Post Count: 42
    February 5, 2014 - 6:59 am

    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 up my portfolio 

    thanks 

Viewing 6 posts - 21 through 26 (of 26 total)
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