Chris replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! 10 years, 6 months ago
Richard, I am wanting to get ahead rather than tie up a large some of debt and mortgage repayments in a PPOR. I am open to alternatives.
Thanks Andrew. That was the original plan. I got a bit confused with a few people mentioning other alternatives.
Chris
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Chris replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! 10 years, 6 months ago
Thanks Jamie. That really clears things up for me.
Cheers,
Chris -
Chris replied to the topic Leveraging Investment property to purchase first home in the forum Help Needed! 10 years, 6 months ago
Thank you greatly Benny and Jamie for the quick and detailed responses.
Benny, I read the posts you recommended and now feel I have a better understanding of the benefits of I/O loans and offset accounts. Thanks!
Jamie, you have reinforced my concern that the few extra dollars I may earn from a positive cashflow IP using an I/O loan isn’t going…[Read more]
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Chris started the topic Leveraging Investment property to purchase first home in the forum Help Needed! 10 years, 6 months ago
Hi,
I am looking at purchasing an investment property to save for our first home.
I am getting confused with regard to the appropriate strategy to adopt given my circumstances.
I am engaged, with no debt and presently renting. I earn $120k and my fiancé earns $80k
I have been looking into cash flow positive properties under a interest only loan…[Read more] -
Chris became a registered member 10 years, 6 months ago
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