Creative finance replied to the topic What to Do? in the forum Help Needed! 20 years, 9 months ago
Hi Bron and Steve
As Simon has mentioned you can utilize your PPOR much more efficently. As it is your PPOR depending on Steves income you could invetigate into a line of credit on the equity up to 90% of its value $270k-120K leaves you with 150K to use on the purchase of your positive geared properties. Each property could be set up in a sub…[Read more]
Creative finance replied to the topic have cash no equity-way forward in the forum No Subject 20 years, 9 months ago
G’Day Fafsky
To maximise your $40k you need to know what banks will lend on certain post codes. I have clients who purchased in North Queensland with a 10% Deposit and some banks will do 95% lends with capitalization of Mortgage Insurance, in country areas depending on the post code. As a rule of thumb cost will be 5% of purchase price. If you…[Read more]
Creative finance replied to the topic Illegal Garage etc in the forum General Property 20 years, 9 months ago
G’Day Markymark
You could do a number of things.
1st have a building inspection by a registered person, cost $200-$250. They will know legals and council building laws. They will inform you of repairs that need to be made.
2nd find a friend or friend of a friend who is a builder and they will be able to inform you of repairs. A good builder will…[Read more]