Hi Kaylah

You could try and create one – look for something that could do with some cosmetic renos that will lead to increased rent.

Cheers

Jamie

Welcome

There's a tonne of info on here and plenty of knowledgeable people who are always happy to answer questions.

Cheers

Jamie

It might be a matter of looking at your current finance structure – working out if anything can be tidied up which will allow you to continue purchasing.

As mentioned above, it's hard to assess anything without knowing the numbers.

Cheers

Jamie

Hi Luke

Welcome to the forum and best of luck with the investing.

Cheers

Jamie

Hi Wender

I don't think you should jump into anything. It wouldn't hurt spending some time doing more research, reading and learning. Once you've worked out which strategy will suit you best you can then spend some time locating the area you want to invest in.

The more knowledge you have the better choices you'll make.

Cheers

Jamie

Oops – just re-read your other post. You didn't mention that you lived in Brisbane. How's your local market looking? If it's your first property than it's not a bad idea to suss out your local market first. Once you've gained some experience and no what you're looking for in a property, you'll have more confidence to venture into other states.

Hi Wealth Creation

Welcome to the forum.

You're right, there's a heap of information and it can seem pretty overwhelming when you begin. The important thing is to get clued up – read and absorb as much info as possible.

Personally, I think it's Brisbane's time to shine. Sydney, Melb and even Canberra, have experienced tremendous growth over the last 18 months. Brisbane on the other hand has remained relatively stagnant, perhaps even declining a little.

As activity begins to slow in Sydney and Melbourne, investors may start looking elsewhere – Brisbane is as good as place as any.

I like Logan in particular – rougher area but affordable buy in (you can pick up a 2 bedroom townhouse for $200k). Being smack bang between Gold Coast and Brisbane also helps.

In terms of different costs, etc – each state charges different amounts for stamp duty. You can use an online calculator to work it out.

Cheers

Jamie

Have you tried? Differen't lenders have differen't serviceability levels.

Do you have any credit cards, store cards, personal loans, car loans, etc that could be paid off with your $60k savings?

You could do some cheap, cosmetic renos that will allow you to jack the rent up a bit.

Cheers

Jamie

How long have you had the IPs? CBA will slug you a nice little $700 early repayment fee within the first 4 years – and another $350 for exiting. Plus you probably just paid a small fee for uncrossing them. I'm thinking it's probably just best to stay with them for the time being.

Chances are the branch staff won't have any idea about what you're trying to achieve with the IO loans and the MISA attached. Just persist and smile

Cheers

Jamie

Hi Shel

Could be a stretch – could you live off the remaining $370 per week?

Have you considered renting? That way you might be able to live in the place/area you desire and still keep your Adelaide IP.