Hi Qlds007

Thanks for the response.

Not sure why i would secure the sub loan against the PPOR. 

As we haven't yet purchased the PPOR, would it not be more beneficial to draw down the equity from our IP instead?

Given we are trying to put as much deposit as we can against our PPOR, I'd like an option that means no extra money directly out of…[Read more]

Sorry to bring back a thread from the dead, but was wondering if anybody had a more recent experience with Vicki Small from sydney buyers agents.

Also can somebody give a realistic expereince of using a BA in a heated market like we have currently and what (if any) benefit this provided to them.

Thanks

Sorry couldn't see the link to the article? Can you please resend or PM me

Hi

Yes the goal is to pay it off as quickly as possible. But I am interested in the option of it becoming an IP as it is not likely to be our last home.

We are looking for a property for 800K. What I am trying to find out is it is better to get a loan for 800k and leave 250 in offset (assuming stamp duty and reno costs) and pay IO, or a 550k P&I…[Read more]

Bump.

Still looking for a calculator which can show me the benefit of IO with an offsett ac as opposed to P&I payments.

Any links ?

HiDoes anybody have their DVD's that they would be willing to sell cheaply to another investor.PM me with a price !

Hi RichardHappy to chat further. Please drop me a PM

Nope, we live pretty modestly. I think his thinking was that we didnt have enough deposit for both an IP and an expensive say 500-600k sydney house.My thinking was that with current interest rates we could lock away an almost cash neutral IP and then concentrate on our own home. Fixed interest loan would be close enough we think for the rent to…[Read more]

Thanks freelance2020. Any ideas on this as a strategy though?We are a young couple with one IP currently. We would love to buy another IP whilst rates are low and lock in a fixed term for three years just to see what would happen, then decide in three years if we hold or sell. Out of pocket expense would be minimal. Only problem is that we also…[Read more]

Sorry call me cynical but it is strange to get recommendations to such an old post from people who have had only 1 post. Care to expand on the details of your purchase and the deal you got from the brokers ?

hbbehrendorff wrote:
There will be such awesome deals coming in the future,  It really is very excite,  I can't wait.You will be able to buy good homes for 200k,  land for less then 100k,  Office Blocks will be reduced a few hundred thousand and you will be able to buy shopping centres for only 1 mil.If you really want to make money now you sho…[Read more]

Thanks Crashy, I appreciate the hopen and honest advice. Too often on the forums people spam/abuse others for simply trying to learn something. All the responses are great and I am thinking my strategy through carefully

I try to do a $100k reno for $25k. I only buy from desperate sellers, and I add square footage to the living area somehow. If you don't mind me asking, what is your tip/s to do this?

Apologies for mis-quoting but it was Paul Keating who once said ' The only thing that you can bet on is self promotion'.

thanks guys I appreciate the advice

Did I ask a stupid question or has nobody had any sucess in getting a buyers agent to source them a cashflow positive property.if so, any websites addresses would be appreciated

Hi guys can you please start a new thread for your discussion about cost of surveyors etc. I keep getting post notifications and it is off topic.Thanks