Replies Created | Forums | Striker | PropertyInvesting.com

Forum Replies Created

Viewing 4 posts - 21 through 24 (of 24 total)

« 1 2

Striker
Participant
@jamescameron
Join Date: 2003
Post Count: 33
September 18, 2003 - 12:32 am
I’m a finance manager in a leasing company.
Aiming for the 130 properties….but a long long way yet!
Striker
Email Me
Striker
Participant
@jamescameron
Join Date: 2003
Post Count: 33
September 12, 2003 - 9:39 am
Thanks Melanie & Stu. I actually will not have any extra funds after the sale. I expect to be breaking even. Maybe after a few years I can sell for more. Right now my loan is $340K & the house is probably worth $340K.
I know, I have too much to think abut this weekend – it’s giving me a headache.
PS. Where can you find out the growth projections for a suburb?
JAmes
Striker
Email Me
Striker
Participant
@jamescameron
Join Date: 2003
Post Count: 33
September 12, 2003 - 4:00 am
Troy
As BC said, I think you have no choice but to look afar, or for that matter interstate as a lot of us are doing. Even overseas (NZ) for that matter. Money doesn’t come easy!!
As far as 20% deposit or using equity. Just remember that by using your equity you would then be financing more than 80% of your purchase. No problem with that because I’ve done that before. But beware that you will be paying interest on that extra borrowed money which you would not otherwise with your own cash deposit. If your return can accomodate for the extra borrowing (ie > 80%), then go for it and invest that 20% cash elsewhere.
James
Striker
Email Me
Striker
Participant
@jamescameron
Join Date: 2003
Post Count: 33
September 5, 2003 - 1:46 am
Ventura
I am in a similar boat to you. I think you are better to buy a IP and rent yourself provided that the rent youpay does not exceed what you would otherwise be paying in loan payment on your own home. This way the interest on your IP is tax deductible and so are all the other associated expenses with an IP. By renting yourself, you may be able to obtain a better property than you otherwise would if you had to buy your own home to live in.
James[]
Striker
Email Me