Servetus – correct me if im wrong but put simply it sounds like your strategy involves borrowing against the increasing equity to purchase more propertes keeping your lvr at a comfortable level. However it is my understanding that this will only work with certain lenders, as you say they do not require to show income. (this does not work with the…[Read more]

hi debbie, i was asking myself the same questions as yourself before i noticed your posting. I too have a mining town property thats boom in south hedland, and was thinking of selling that to pay off my debts also.
my general thoughts were – i think the mining towns have peaked (for now, until the next 7-10year boom) and i do believe we are headed…[Read more]

i provide a service aimed at prospective purchasers in the Perth market (living here myself). Not only can i be your buyers representative, but can also assist you in any other needs you might have such as doing your inspections, getting building inspections/settlement agents, managing minor and providing cheap renovations and providing an…[Read more]

equity is important because it allows you to use the greater amount of equity to purchase more houses. The way the banks work is generally they will lend you 80-95% LVR. So for instance you have the $200K and paid of the 50K with no growth in value then your LVR is at 75% however if its gone up 50K to $250 then your LVR is at 60%. If you bought…[Read more]

hi correct me if im wrong but this is from my experience. that was my thoughts about 2 years ago, buy as many +ve cash flow properties as possible, but in order to buy a lot of properties (65 as you say in your case) you need 2 things! income and EQUITY!! just because properties as self sufficient (+ve geared/+ cash flow) doesnt mean the bank…[Read more]