Forum Replies Created
I support your comments SIS, and I will be doing the same when I get more properties use the tax system to my advantage.
What a fun topic this was to read….like a bunch of kids around a ice-cream cake—-[
][] no offenceHi 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 to be cash + as well. And this well help heaps for my next deal that I am looking at the moment. Well good luck
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 basically everything needs to come to new address. I am about to rent my place out and I have been there for 5 months now. But I can show that I really lived there but had to move out coz my circumstances changed. Best of luck
[]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
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 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 next place but until then I don’t think I should do anything but relax for a bit….Thanks againCornel
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 renovations I am doing. The way I got started on all this was I went to a seminar about investing …there would have been about 40 people there and only about 5 of those people went through with the plan to set up for financial freedom. I think the longer you wait the harder it’s going to be to get into the current market place. My spotters took about 2 months to find this place and I would recommend maybe for the first couple of IP use a spotter, just till you get the hang of things. Well congrats on taking the first steps towards your financial freedom
Cornel
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] no offence
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