LVR, serviceability, employment history, amount of debt, security type and credit file are all big ones.

Cheers

Jamie

Haha – I forgot about that lot – and what a privilege it is. 

Cheers

Jamie

Hi Dean

That makes sense.

It would bolster your deductible debt whilst lowering your non-deductible.

My only comment is to ensure you retain some savings for emergency purposes – and it's usually best to store those savings in an offset linked to your PPOR loan.

Cheers

Jamie

Hi Jay

Agree with Dark Knight – sounds like a difficult vendor and probably aren't overly motivated to sell.

Ask the agent how much it will sell for. They normally give you an idea.

If it's outside what you're willing to pay for it – move onto the next. Another deal will pop up – they always do.

Cheers

Jamie

90% would be better – but 95% is still possible if everything else on the application is strong – such as servicing and minimal debt.

Cheers

Jamie

Duplicate thread – already responded in other thread.

Cheers

Jamie

Hi Matt

would need to assess your income/liability situation, tolerance to risk, future goals – the list goes on.

From an employment perspective though, if you've been in the same field for a couple of years than should be ok on that front. If there's a probationary period with the new job – it's still possible but options are limited.

Jamie

Josh_P wrote:

Could you tell me  a specific lender which in your opinion would be a good one to start with. Also one which might be willing to work with someone who hasn't got a lot of capital behind him but has some good ideas

with the trusts I just thought that it offered more asset protection and tax benefits. The hard thing is working full time in my job and trying to piece together all the information to start property investing without losing money (especially with a family)

Hi Josh

It's impossible to provide any specific advice in regards to which lender you should approach with such limited info. Best to give Corey a buzz.

Cheers

Jamie

Hi Jeremiah

It all sounds pretty good.

I wouldn't necessarily start off locally – especially if your local area doesn't show any indication of being an ideal place to invest in (and I have no idea if it is or isn't).

Buying interstate can be daunting though – so if you do go down this path, I'd recommend trying to visit the area or if that's not possible, engaging a BA. Even if you carry out most of the due diligence, you might be able to find a BA on the ground who will inspect the properties on your behalf.

Cheers

Jamie

It's a tough one.

In a growing market – I'd assume a two year old townhouse would sell for more.

In a stagnant market – it wouldn't make a difference and may even have sold for a little more when brand new.

The biggest consideration here is how long do you plan on holding them for? If for only a couple of years – then selling could be a good option. If for a long time – and there's scope for future CG and the yield is strong, then I'd hold. Depreciation will be pretty good too.

Cheers

Jamie