Hi Dave []

Well I can tell you about my experience so far I only have 1 IP and I still live in it. I bought it in Sep last year way under market value did some renovations and nearly doubled my profit in 5 months. I am just waiting for someone to rent the place out but it’s already on the market and it’s just a matter of waiting now. It’s going…[Read more]

Mate I think they will find out anyway because off all the checks they do…these people can find anything out. And if you hide something from them and they find it out they might not give you the loan and see you as a risk…..just my thoughts

Cornel

Hi there….I was in your boat a couple of months ago…I wanted to buy my first house/unit. I ended up buying a unit and using my FHOG for legals and renovations. But you have to live in the place for a couple of months, you also have to make sure you change your address with department of transport and electoral roll, all your bank details…[Read more]

Hi browna0

I agree with SIS bad idea, you will get a bad name really soon through the agents network…..if you put the effort in it will come back to you with a reward, good luck []

Cornel

Hi

I want to use my equity to pay my car out and wipe a credit card…but that’s only about 13k that I will need…..so maybe I just need to take out a bit. What about refinancing my loan once the place becomes a investment property. I have a fixed rate at the moment for one year till Sep this year. Can I change the loan to a investment loan or…[Read more]

hi

The longer you wait the harder it is going to be to get into the market. I was in your situation in Sep last year and I got in just in time for the area I bought. I also had 15k deposit but by using the FOG you can borrow more or see if you can get away with out paying LMI. Anyway just my thoughts…good luck and congrats on taking the first steps []

I do like it …very cool[^][^][^][^][:o)][][][:p][^][^]

Hi There

The banks don’t like giving loans for retirement villages it’s to big of a risk for them and they might only give you 50% if you are lucky. I am looking into something very similar at the moment and there is allot to learn about retirement village investing I figured out. Good luck

Hi

The problem I have with apartments is that if you live in it for a bit like to do renovations and stuff you can’t work late at night if you have to drill and hammer away. I lost track of time one night when I was drilling holes in my kitchen for a new unit on the wall and I drilled away into the concrete wall for about 5 Min and there was a…[Read more]

Hi Guys…hope you all had a good weekend. Thanks for all the info and positive thinking and comments. I am going on Holidays at the end of this week so I won’t be able to do anything on my loans or unit coz I am going away to Great Keppel Island…hehehh [][]not that I want to rub it in or anything. Next year I will be back and hungry to buy the…[Read more]

Thanks for all your help guys and sorry if I sound a bit short off but not really the best thing to find out on a Friday arvo after a big build up and excitement…..Will it be okay if I drop you a line Simon?

but don’t they all work with the same banks and the same figures and interest rates and stuff like that….?

No I don’t know of any in Vic I am sorry. Buying interstate might not be a bad thing though. You might lose the 7 FOHG but I have heard some people say that you are better off not taking the first home owners grant and I just can’t remember what the reasons were…maybe someone can give me a hand here.
Cornel

Hi Minxii []

I bought my first place in September with the goal to make some quick cash. I used a spotter to find the place for me and got the unit way under market value. 3 Months later my property has gone up from 112k to around the 160k mark. I am living in the unit so I got the first home owners grant and I used that for legal and some of the…[Read more]

Yea I am pretty stocked with the results so far. That’s a pretty good profit if I wanted to sell the place now but will be a very unwise move I think. At least I know that I can use equity and use that for a deposit on the second place. Hopefully I can do my next deal early next year. It’s all very exciting for me and I learn allot and you guys…[Read more]

Hi SIS……it’s to far out for people to use that goes to Uni or College…good idea though but it’s 23km out of town.
[8D]
Cornel

I would like to be there but I am in Brisane….good idea though

Hi Team

I used ownit conveyancing in Brisbane to buy my first place and I think they did a good job for me….
good luck

Hi Gengis

Congratulations on the first place.[][] I was in a similar boat 4 Months ago when I bought my first place at the age of 22. I had no idea about anything and the bank stuffed up my 7k FHOG and told me 2 hours before settlement that I had to come up with 6k for my legals and other cost. I was a very angry man. Lucky for me Dad helped me…[Read more]

Hope you all had a good weekend[]
Well the unit was originally painted in yellow…very yuck. All the rooms are painted white now. I regrouted the tiles in the shower and around the basin it’s all nice and white now. The living room’s walls was just plain brick and they just painted over it with the yuck yellow so I plastered it all up and you…[Read more]