Case07 started the topic Refinancing to another lender in the forum Finance 5 years, 6 months ago
I am looking at refinancing a newly built tenanted investment property to another lender which the money loaned is only around 60% of the properties worth and am wanting to know if it is possible to refinance the property to the full 80%-90% without any tax implications to the negative gearing side of things. The extra money would be used to build…[Read more]
Case07 replied to the topic Financing question in the forum Help Needed! 7 years, 5 months ago
Hi Richard,
Sorry i should of added my financial situation.
Home last valued at $740K around 6 months ago, $460K owing and the block of land is $230K.I have a yearly income of over $150K and my wife $30K.
I’m not sure on what to build on there yet as i do not know how much i am capable of borrowing.Case07 started the topic Financing question in the forum Help Needed! 7 years, 5 months ago
Hi,
I’m after advice on the best way to set up an investment property loan.
I have recently put a deposit down on a block of land and am looking to either build a duplex on it or just a single residents but am not sure on how to set up the loan structure for it.I have a mortgage out on my own property but am not wanting to link the 2 together if…[Read more]Case07 replied to the topic Can anyone recommend a good Broker for Melbourne. I’ve got 3 properties (2 ip and 1 PPOR) – brokers telling me i’m maxed in the forum Help Needed! 14 years, 2 months ago
Same questions as JR about a Broker but can anyone recommend me one that is in Sydney,any help would be appreciated. Cheers Case
Case07 replied to the topic First time IP buyer in the forum Help Needed! 14 years, 2 months ago
Thanks everyone will definately be looking out to find a Morgage Broker sometime soon. Catalyst i didn't say getting into the IP market to reduce my tax is the main reason just another reason but yes i am always reading,listening to peoples opinions and trying to take in as much as possible.Thanks again everybody for your input.
Case07 replied to the topic Property Investing for Gen Y in the forum Help Needed! 14 years, 2 months ago
Hi evereyone, I'm in the same situation as Stacey but have a deposit,the thing with me is that i am not quiet sure on where to go from here,should i see an accountant,financial advisor??? The other problem is finding the right one that will suit me,any advice,tips or questions i should be asking when trying to find the right p…[Read more]