1. It depends, some would argue that even paying off your own non-deductable mortgage could cost you in the long run.  You could continue to make repayments on your home but access the equity by either using your home as security for your first IP (thats what we did) or take out a Line of Credit or equity loan seperate to the first loan secured…[Read more]

Opportunity In Everything wrote:
Who needs buyers agents.  Save your money.  Do the hard yards yourself.  Buyers agents on an investors site, investors not desk chair bankers, o here's my money find me something to buy and buy it, ain't investing.

Ok sure I did well on my first IP as well with no BA – But I was lucky.I agree that doing the ha…[Read more]

piNoob wrote:
Do you know if they are any good as buyers agents?

I would suggest to you that a BA worth half their salt would save you 10k + and all you have to do is pick up the phone.I'd suggest you contact several BAs, ask them their rates and then plan a Holiday to Brisbane to meet with them.The BA should charge you nothing for a chat and…[Read more]

Metropole have a buyers' agent service in Brisbane.Google them and ring them up to find out what they think property is doing in Brisbane.And don't wait….No, serious call them NOW! 1300 20 30 30.

Yes and Yes!There may be fees depending on which lender you are through though.You could set up a mortgage offset account instead of paying off the principal.  That way you have access to the cash to fund the next investment.  On the other hand you could pay off the principal on you PPOR and when you redraw to fund your next investment that p…[Read more]

Interest only, Residential Property.  Remember – you can continue renting while you build your property portfolio or you can take advantage of first home buyers' benefits.  Investigate and then act.Read plenty of books – Jan Somers, Michael Yardney, to name a couple.Listen to those who have created their own wealth through property investment a…[Read more]