Hi Mel

If you do a search on NRAS you'll find a heap of info.

There's nothing wrong with renting and investing.

However, you don't need to sell your home in order to invest.

If you'd prefer to keep your home, you can always access equity in it which will be used to purchase your investment properties.

A major benefit of this approach is that the "borrowed" funds will be tax deductible – this wouldn't be the case if you were to use the cash from the sale of your home towards the deposits on your investment purchases.

If you go down this path, it would be worthwhile using a decent broker/banker to structure your finances correctly.

Cheers

Jamie

Hi there

We done something similar to an old tiled bath a few years back.

The product was called "bond" something – it's basically applied like a render, wait for it to dry and then tile onto the new surface. It looks good and no tiles have moved.

Cheers

Jamie

Hi there

Weren't the responses from SS enough

Personally, I have a preference towards using a smaller deposit, copping some LMI and retaining a large chunk of your savings. If this is going to be an investment later on – this debt will become deductible. I wrote this article for API mag recently on this exact topic.

If you do decide to use a smaller deposit, you don't want to go above 90% LVR including LMI with Homeside – as soon as it creeps above 90% the rate goes up and the credit scoring becomes a lot harsher.

Cheers

Jamie

No worries – his name is Richard White.

E: [email protected]

W: http://www.whiteinsure.com.au

Here's a sticky thread on recommended books https://www.propertyinvesting.com/forums/community/heads-up/6845

Cheers

Jamie

Hi NHG

The way you split the loans is up to you.

I fixed a couple of loans on my own IPs recently because they're set and forget properties that I don't intend on selling or extracting equity from within the next few years.

One thing I'll mention though is that if you have a PPOR loan that you're looking to fix – I'd leave a portion of it variable so you can still utilise features like an offset account.

Cheers

Jamie

Hi Zsmith

Have you posted this before? It seems familiar.

Yes, it's possible when you turn 18 as long as you can show the banks that you have a deposit saved and a stable income which will service the debt. The rental income the property receives will also be taken into account (generally 80% of the gross rent).

The maximum a bank will lend is 95% of the properties value – so you'll need to be able to come up with a 5% deposit and enough funds to cover purchase costs such as stamp duty, legal fees, etc.

The other option is to use a guarantor to provide the equity in their property (in lieu of your deposit) but I generally advise against this when it's for investment purposes.

Cheers

Jamie

I'd suss out ebay – there's usually heaps of second hand investment books on sale.

Cheers

Jamie

It's not normally an issue turning a PPOR into an IP or vice versa down the track as your circumstances change.

However, you are supposed to inform the lender when taking out the loan whether it's going to be owner occupied property or an investment property.

Having said that – if you qualified for the loan as an owner occupied property – then you shouldn't have any dramas qualifying for the loan as an investment property. 

Cheers

Jamie

ANZ are good with this type of stuff.

Depending on the LVR required – it will either be a desktop or full valuation.

If you've carried out renos then a full val is usually a better option because this isn't taken into account with the desktop val.

If you'd prefer to use an expert to set this up – any of the decent brokers on this forum who deal with these types of transactions on a regular basis will be able to assist.

Cheers

Jamie