JSmith

JSmith replied to the topic investment continuation in the forum Help Needed! 9 years, 6 months ago

Thanks so much for that Richard, really helped me understand what an offset account is.. And why it’s important! Thanks for adding to my learning curve!

JSmith replied to the topic investment continuation in the forum Help Needed! 9 years, 6 months ago

Hey Benny!
Thanks so much for directing me to those posts! I just read through them all!

I definitely understand the benefit of IO now, but I think I’ll need to speak with someone in finance in order to fully understand what an offset account is! I think I’m going with a buy and hold strategy to start with and then as my confidence grows, maybe…[Read more]

JSmith replied to the topic investment continuation in the forum Help Needed! 9 years, 6 months ago

hi!
thanks for all the advice.
Ok so 3 bedrooms have greater rental value, got it.

So you wait till the overall value of the property has risen and then you use that to borrow another down payment. So does that mean if the property goes up say 10,000 (I’m still not sure how that is proven) I have 10,000 to borrow from the bank?
Sorry if this…[Read more]

JSmith started the topic investment continuation in the forum Help Needed! 9 years, 6 months ago

Hi there,

Hoping some of you could shed some light on some issues I’m having with my investment plan.
I’m new to this, but I have recently come into some inheritance and would like to put it to good use and invest in real estate. I’m based in Sydney so that’s where I’ll be looking.

Here’s an example of what I’m looking at doing:
2 bdr house in…[Read more]