Crownofgold,I have done this before for an apartment that was next door which I was very interested in an wanted to snap it before the auction. I was in the same quandry: the REA did not have sec32 and said that they could not take up the offer. What I realised what that the REA are essentially sales-people so I wrote an email nonetheless letting…[Read more]

Hi agree with j900. Get rid of your personal debt and then use the LOC against the IP. I am doing somethign similar right now. Infact I am going a step further and selling my IP as the market says I will get my yield.However, do your numbers. It is a trade-off between reducing your personal debt vs. the potential for capital growth for the…[Read more]

I think what you need to do is differentiate between what you can do and what requires professional help e.g. plumbing, electricals  because they provide peace of mind and OH&S/insurance/legislation etc.I did some reno on an unit I had. I painted the walls myself and did a bit of things. However, I also realised that getting the property out to…[Read more]