Hi Martin

I think you asked this on Somersoft?

According to Better Mortgage Management which uses Adelaide Banks funds – they'll go up to 10 units on one title.

i haven't tried it – and the regional aspect could cause probs depending on the size of there town.

Why not give Richard a call and see if he can help?

Cheers

Jamie

Same – but I'd like more……my 11 months old doesn't think I need it though.

Cheers

Jamie

It's not an easy thing to do.

One way to do it (and it won't apply to everyone) is for a couple to have one person renovating, etc whilst the other still hold down a job.

Providing the job provides enough for servicing purposes – you might be able to get away with having one partner focus on the portfolio whilst the other slaves away at a desk

Obviously it won't work for everyone – you need to be in a relationship for starters….and I don't think there's a sub forum for match making on this website…..

Cheers

Jamie

Hi Madbray

Welcome aboard.

What is it exactly that you're after?

Places like this forum are great for getting updated info and asking questions – and it won't cost you a cent.

Cheers

Jamie

Nope – not necessarily.

You're only disadvantaged if you decide to rent the PPOR at some point – because you would have paid down a chunk of the principle (which would become tax deduticble when it becomes an IP).

Check out this article I wrote – it explains the concept in more detail.

Cheers

Jamie

Hi newbie

Yep – that's kind of right. What you've mentioned is a buy and hold strategy which boring investors like myself love.

The idea is to purchase a property that's intended to go up in value (capital gain) over time – and then sell it off for a profit in the future.

If you can find a property that provides long term capital growth – and also pays for itself in terms of the rent covering all costs, then that's excellent.

With interest only loans, the idea is to avoid paying down tax deductible debt when you have non-deductible debt (or are planning on taking it on at some point).

So for instance, if you had a PPOR loan – you'd be best off knocking that debt on the head before you paid down tax deductible investment debt.

You can even take it one step further and preserve the principle balance against the PPOR, set it up as interest only too and make repayments into a linked offset. This gives your maximum flexibility for the future.

Cheers

Jamie 

Hi Derek

Welcome aboard.

In terms of the minimum required funds – you need at least a 5% deposit and enough to cover costs such as stamp duty, legal fees, etc. All up, I'd allow another 5% for costs.

Some states have concessions for FHB's such as the first home owners grant and/or concessional stamp duty which can help lower the costs.

Cheers

Jamie

Agree with Mick – if you can avoid using cash and use borrowed funds instead, you'd be better off.

Talk with a pro and suss out your options in terms of finance structure.

Cheers

Jamie

Hiya

what are your longer term plans with property?

Will the $200 a week put an early halt to your ability to purchase more?

Cheers

Jamie

No worries at all Jesse

Stick around and keep asking questions. We're a friendly bunch.

Cheers

Jamie