You're wrong…sorry.

Hello all, Handy Andy is from Miles, a small rural town 4 hrs drive west of Brisbane with pop. of 1500 people. The current market here is "interesting".Not many houses for sale, but what there is available, are now way over priced ($200,000+ for this area) and the only RE Agent is happy not to sell…last time he did this, we had a "mini-boom"…[Read more]

I've "heard" the Valley (Fortitude Valley that is) is undergoing an urban renewal development thingamajig…could be a goer…

Visit the be all and end all of all investment websites…. click below. Nah just kidding, there is some information you could look at on my site which will help you start….Good luck and do not be afraid….jump right in, its worth it!

Wow…. bloody councils…stories like these have stopped me from even considering subdivisions…

Gooooooo West…life is peaceful there, goooooo west, out in the open air, goooooooooo west, something something something, gooo west, that is what we'll do!!!!!!!!Do not be afraid young Jedi, for the west is a gold mine….my PPOR value jumped up 100% in 2 years…beat that city sardines!!!!

Congrats!!!!!!!!!!!

I guess -ve gearing is the savior of most new investors, tax breaks are great…I am so sick of people saying this and that about -ve gearing….my first IP has now made me an additional 120K in equity and has cost about 23K of my own money over 3 years…you do the maths…

That's a huge HECS debt!!!!!!!!!!!!  Good luck with that….I have found that with low doc loans, they do need to see figures, but I guess what they look at is your take home figure (ie. what is at the bottom of the payslip)…

Yes, you are right, many investors are looking at cities, as they virtually "guarantee" strong growth. For an average/starting out investor,  who can not afford negatively geared properties, must look to fringe/satellite/major regional centres for properties. Finding stats can be difficult…here is a little (very obvious) tip…let say you find…[Read more]

IO

I would say with 25K, and since u only have one IP, I would go for IP2, which MAY be a small unit, or perhaps a cheaper house….Good luck!!!

A tricky situation…I would personally steer towards selling my most expensive IP… as my personal believe is that higher value IP will show weaker growth..unless its in a "boom" suburb. With this in mind, I would sell IP1, use the gain to pay of IP2 (and hence turn it into CF+) and the left over on IP3 to offset that mortgage as best as you…[Read more]

Check out my website….There is a section that briefly explains the essence of it….

foundation wrote:

Quote:
So the worst scenario is that the money you are putting towards an investment only makes a small profit. Does that explain it?

Not really… I'd have thought that a scenario where you make a small loss would be worse than that, and that a scenario where you make a large loss would be the worst scenario?

Has this…[Read more]

Thanks for replying…

Prakman wrote:
PPOR Worth 460K owe 93K6 IP in WA (2 pending titles ) Worth 2.61 M Owe 1.95M1 IP in SA Worth 160K Owe 135KJoint Venture(50/50) 4 IP worth 1.36M Owe 798KSo In Total Assets of 4.105M With Debts of 2.976M VLR of 72.5%Rents of $144,300 per year Approx yield 4% All this achieved in the past 4 years with nothing more than dreaming,…[Read more]

Speak to your current broker…they will point u in the right direction…

freeman cooper wrote:
Hi Dom, Hows this, You learn a bit about property, buy one, write a book about it, hold seminars about how you did it, tell everyone you can find them cash flow properties but first they must pay you to join their club, offer low doc no doc 120% loans for an application fee then 6 months later tell them they were…[Read more]

You will be able to refinance your current mortgage. This will enable you to access your equity which can then be used for the deposit and fees. Because of the amount of your equity, you will not have to pay mortgage insurance AND, it will be "no money down" meaning no actual cash needed out of your pocket…hope this helps.