Andrew I am curious if you have any Finance advice from someone locally, the wealth of knowlege on here is unreal, truly there are great people but having an adviser who understands your exact situation holds great value as well.

But seems likes the real question is where you want to end up, because then that greatly impacts and designs the path of your direction and also this exact choice.

I feel either way the future for you is simple,

address exaclty the Net worth and Debt you have,

The structure of the loans and the limits of them.

The time frame for each exact loan as I am guessing you did not purchase them all at once (although you may have)

Now looking at what restructure options are avalaible (as stated above, your situation proves difficult)

Doing all of this ahead of crunch time to ensure you dont end up loosing more than needed, if anything at all.

Also points that may assist, Your Super fund if its self managed (MAY, MAY, MAY) be able to buy properties off yourself, clearing the debt and saving selling anything.

as to other options there could be many but your exact situation dictates so much.

feel free to email me if you would like assistance

Kind regards

Jaxon Avery

[email protected]

Hey Ajay,

Depending on what your looking to aquire and LVR etc, There are lots of options up north that from as far as I can tell, far outshine Sydney and many surrounding suburbs.

If you would like to have a chat and ask as many questions as you like

feel free to email me.

Thank you

Kind regards

Jaxon Avery

Hey Sam,

Depending on how you actually want to structure this property acquisition it should be possible.

Firstly it sounds like your really at the stage trying to suss the options out?
Why brisbane? why Melbourne? is it due to hard picking in Sydney?

If your serious, happy to have a chat and work out a far more calculated approach (from what advice and options I can see above I think options are avaliable, although I respect Richard and Nigels opinion I think its possible to turn positive return, It will just have to be a different income structure for that property.

Feel free to email me your number for a chat

[email protected]

Sounds like your goal (what I can gather) is financial gains? yes?

so then there are a lot of ways to do this,

But one thing I do not see you realising in your post is the loan to Cashflow, all that really matters is your income verse your expenditures and also even if it is positive cashflow it does not always have to be positive cashflow for that financial year.

Answer these questions
-short term goals
-long term goals
-saving projections (estimate)
-risk factors (debts, loans, etc)

happy to give my advice, I am not qualified as some others are on here but I got into this 14 months ago and already tripled my original invested (17% deposit for my first property)

bottom line, educated yourself as much as you can before you implement a plan, read as many successful books and stories and even failures as you can.

Kind regards

J Avery

Agree with Wobbly

-Rental Demand (for how long if its a small town)
-Likely hood of population growth
-Exit strategy or Hold strategy

there is a reason for the price, talk to local agents, people, family anyone who can shed more light on it before you chuck the money that way.

I understand offset.

What I didn’t understand is Interest only and I didn’t know you can offset with such. I admit I did not see it this way or even know that.

So Catalyst as for Equity to purchase more properties does Interest only properties work the same? because it would seem (yes you have offset money) you have not paid anything off the loan?? so how is this getting you more financially ahead when you then pull it out to be back to only a bit paid off the interest?

Also depending on your view of rich, yes PnI can get you rich if done correctly, so can I only.

Kind regards

JaxoN Avery

– Looks at renting to companies for storage or lease or something that would benefit a company or business
– Wait till there is need for that land
– Sell it

Hey mate it sounds like your learning as your going which is great.

1) The best course of action is the one that gets you to your goals which I assume is getting debt free and income from properties?

2) I don’t believe you getting another property (IP) is a good idea until you have a deeper understanding and knowledge of why your doing this and the risks and benefits especially before you go and get yourself in more debt.

3) work out your goal and direction first

without knowing more than you said, if it was me I would
-work out a plan to smash repayments (goal of smaller loan so I could have safer equity options)
-add value to property with renovations or extensions if this will add value.
-review this repeatedly and review direction and market etc.

Matt Im 22 from gold coast and just did what your contemplating and in my opinion there is no right or wrong in doing or not doing it (right now)
the question I asked myself and felt comfortable with (was looking for 14 months before I found the place I wanted) was
-Is it financially beneficial to get this property over saving more of a deposit
-What is the risk
-Am I comfortable taking that chance.

That is the simple things I think you should understand and draw your own line.