Happy to help buddy

Given Nathan’s is illegitimate I wouldn’t be trying to emulate.

Shouldn’t have cross collateralized

Nice to meet with you and your mother this evening, glad to be of assistance.

Precision Private Wealth is a financial planning / advice firm who does very well in this space. Highly recommend giving them a call to go through the steps involved with setting it up properly, getting loans to buy property in it, getting the right insurances in it, etc

Adelaide Inner North
While the inner north suburbs of Adelaide are not quite as prestigious as the inner east or inner south, over the past 5-10 years it has become a very desirable place to live for both owner occupiers and tenants alike.

The vacancy rates match the national averages in this area with good results coming from the more…[Read more]

Adelaide Inner North
While the inner north suburbs of Adelaide are quite not as prestigious as the inner east or inner south, over the past 5-10 years it has become a very desirable place to live for both owner occupiers and tenants alike.

The vacancy rates match the national averages in this area with good results coming from the more…[Read more]

http://www.ripehouse.com.au/thefrontierinvestor/post/Building+a+large+portfolio+through+structured+lending

Corey who posted earlier in this thread wrote an article about how you can extend your borrowing further here ^

Hiya,

Not sure about over there in Sydney as all areas are different, but its very common in SA for there to be a 1.1 week incl gst renewal fee. Are you bothered by the cost or just the label on it?

You should weigh up the overall cost by factoring in the management fee, monthly admin fee, advertising costs, routine inspection fee, letting fee,…[Read more]

Nope, will be looked at has having 0 income as part of the assessment since she doesn’t have a stake in the ownership.
Additionally, for yourself, since you own half you’ll be assessed as having half the income but whole of the debt.

So its a massive triple whammy to your servicability.

Definitely does.
For your future IPs, they’ll assess your wife as if she was having the whole debt.

Wouldn’t recommend investing where you live. Being able to drive past it doesn’t make it go up in value.

What suburb / town are you looking at?

One thing to keep in mind is that if the units are all on 1 title, you may have to use commercial finance.

People who live in a different place to the property they own (ie investors)

How do you plan on financing it? A lot of banks don’t like owner builders.

Good post Steve.
We’ve been seeing some extra interstate and international interest in Adelaide of late.

Yup, as Corey said, as long as its for a new property and will be a PPOR. Getting in touch with him is a very good idea.

We’re legitimate people here not spruikers sorry.

Outer Southern Suburbs

This has been quite a popular spot for investors, particularly interstate ones as the area allows for good value investing. The area has a low entry point, offers good yield as well as opportunities to renovate or develop.

A typical house I did an interstate inspection on in Christies Beach which might become townhouses…[Read more]

Outer Southern Suburbs

This has been quite a popular spot for investors, particularly interstate ones as the area allows for good value investing. The area has a low entry point, offers good yield as well as opportunities to renovate or develop.

A typical house I did an interstate inspection on in Christies Beach which might become townhouses…[Read more]