catsgrave started the topic best way to buy investment property with another person. in the forum Help Needed! 14 years, 11 months ago
Hi guys,i was wondering what is best way to buy an investment property with another person. Set up a separate company? Start a partnership? Start a Trust? we have long term goals to acquire more properties as part of our investment portfolio for the future.I currently have an existing PPOR property, I bought about 8 months ago under my name. I…[Read more]
catsgrave replied to the topic Using first home to borrow money for business. Is that possible? in the forum thanks Richard! 14 years, 11 months ago
thanks Richard!
catsgrave replied to the topic FHB and IP strategy in the forum Legal & Accounting 15 years, 5 months ago
Hi guys,Thanks again for the advise. I will continue to research more on the options. Do you have any good property accountants that you can refer me to in Melbourne?Looking forward to hearing from you soon.Cheers,Mervin
catsgrave replied to the topic FHB and IP strategy in the forum Legal & Accounting 15 years, 6 months ago
Thanks for the reply Terry, Richard.If I decide to go for the discretionary trust. Does that mean I have to set up a pty ltd as the corporate trustee? Sorry for asking this as I am really green when it comes to matters of business.IP(s) —-$Rent-—-> Trust
> Company
> Share holders (Me and my business partner)Is this structure correct? How do…[Read more]
catsgrave replied to the topic FHOG will not be extended. What will happen to property prices? in the forum Help Needed! 15 years, 8 months ago
Hi Guys,I am actually putting in 50k of my own money and plus the $17k. I can borrow up to 192k. Does that make a difference?Please let me know your opinion.Cheers,Mliew
catsgrave replied to the topic Young first home buyer needs serious advice from experts in the forum Hi guys,
Thank you for your 15 years, 8 months ago
Hi guys,Thank you for your great advise. I have decided to buy my first home when I find one. I am looking at a property with 3 br although I am not sure how am i going to rent out the 2 rooms as I will be looking at Hoppers Crossing which is like 26 km away from Melbourne CBD. Any ideas on what I can do to the rooms? Holls, I plan to use my FHOG…[Read more]
catsgrave replied to the topic Young first home buyer needs serious advice from experts in the forum Help Needed! 15 years, 8 months ago
Hi Skuz,Thanks for the info. What you said about finding a place closer to the city is good. I am looking around the inner west however the prices for a 2 br has shot through the roof. I cant even get a decent 2 br below 300k now.I came across Hoppers Crossing and the property there is still within my budget. I found a 3br 1toilet around 220 -…[Read more]
catsgrave replied to the topic Young first home buyer needs serious advice from experts in the forum Help Needed! 15 years, 8 months ago
Hi guys,Thank you for your response. I do understand that I need to think about the Interest rate "What Ifs". I have thought about it and I do think it's risky but then again I have to start some where I guess. This will be my PPOR at the moment maybe for 2 years. but I do have plans to move into a bigger place when I have the financial means and…[Read more]
catsgrave replied to the topic Is this possible? $40k a year salary and wanting to buy first investment property in the forum Help Needed! 16 years, 7 months ago
Hi Dean,Thanks for the reply. I am really looking forward to buy my first property investment. As i have mentioned i don't have enough savings yet. I don't think i should attempt a 100% loan without deposit. What do you reckon?I am reading through steve's book and just getting into the formulas like ROI and GRR. It's very new for me now. Do you…[Read more]