Yep, read your PDS people before committing.

I had Comminsure and went to make a claim after someone tried to burn one of my properties down and was building another house out the back so left the front property vacant until the project was complete. Drove by one day to check progress on the rear build and saw the damage to the front property,…[Read more]

Yep, read your PDS people before committing.

I had Comminsure and went to make a claim after someone tried to burn one of my properties down and was building another house out the back so left the front property vacant until the project was complete. Drove by one day to check progress on the rear build and saw the damage to the front property,…[Read more]

As a child, we had an enclosed patio out the back and a part of it was made into a room (sleepout) that became mine as it was a better alternative to sharing with my sister. Hot in summer and cold in winter, I loved it though as had my own space and redbacks under the bed and crickets chirping to keep me company.

If you are intending to remain in the property as an owner-occupier then it makes sense as you are converting (recycling) non-deductable debt to deductible debt.

You don’t need a LOC as per the reasons mentioned above and a term loan will work as long as you pay the debt down and then redraw the funds back into offset.

If you are intending to remain in the property as an owner-occupier then it makes sense as you are converting (recycling) non-deductable debt to deductible debt.

You don’t need a LOC as per the reasons mentioned above and a term loan will work as long as you pay the debt down and then redraw the funds back into offset.

As @Geofront already stated why not double down on what you are good at already which is running profitable bakeries.

Is franchising an option and/or expanding your current store location footprint as sounds like you have a sound business model ready to duplicate.

As @Geofront already stated why not double down on what you are good at already which is running profitable bakeries.

Is franchising an option and/or expanding your current store location footprint as sounds like you have a sound business model ready to dupliccate.

As mentioned you need to seek professional guidance and not be afraid to pay for it, some good pointers above already.

We got a ways to go I think, especially in the “cheaper” regions of the country.

I would consider keeping the Penrith property and borrow against it as @terryw suggested.

Speak with a broker who understands property investment loan structuring first up to see whats possible.

A mortgage broker can get a copy of your file for free IF you engage their services.

This will reveal all and you can then find a suitable lender and if none available you can look at getting it repaired by a reputable credit repair company.

A mortgage broker can get a copy of your file for free IF you engage their services.

This will reveal all and you can then find a suitable lender and if none available you can look at getting it repaired by a reputable credit repair company.

There are building brokers that use the same principle as mortgage brokers where they have a panel of builders to tender that will best suit your project.

Always bear in mind when choosing a professional service 60% are average,  20% are dangerous and 20% are experts, perhaps visit a few to get a feel for the right one.

Check for flood zones and also the cost of insurance.

QLD is currently booming atm and will probably do so for a while yet so don’t leave it too long if you want to get some potential uplift in the value.

Check for flood zones and also cost if insurance.

QLD is currently booming atm and will probably do so for a while yet so don’t leave it too long if you want to get some potential uplift in the value.

I’m thinking in this current market they won’t be sold for an under-market price, could be wrong though?

Profits are just that, profits, and can be used for whatever you like.

Pre APRA/ASIC was a simple process, now it requires a full-blown assessment equivalent to a brand new application.

Ask a broker to complete a preliminary assessment to see what’s possible and at the very least they can guide you in the right direction if you are not qualifying just yet due to the downturn and being self-employed.

Plenty of…[Read more]

Pre APRA/ASIC was a simple process, now it requires a full-blown assessment equivalent to a brand new application.

Ask a broker to complete a preliminary assessment to see what’s possible and at the very least they can guide you in the right direction if you are not qualifying just yet due to the downturn and being self-employed.

Plenty of…[Read more]

Cant say I have ever heard of it, I do have cash flow properties that are also increasing in value (the golden goose) so I will claim the title :)