Total Members: 159,079

kidcantona

  • kidcantona replied to the topic First Home Purchase in the forum Finance 11 years, 9 months ago

    That's the kind of response i appreciate. I'm from Cape Town South Africa. Mate :)

  • kidcantona replied to the topic First Home Purchase in the forum Finance 11 years, 9 months ago

    Excuse the typo earlier on and the double entry, i meant 20% not 80%.

    One thing is clear, it takes alot of work for every deal, big or small. It's a nervy thing to move into property investment, however my willingness to learn will get me though it.

    It's been my intention to keep renting and make a move for an IP first, the hassle of inspections…[Read more]

  • kidcantona replied to the topic First Home Purchase in the forum Finance 11 years, 9 months ago

    Indeed they are pretty hard to find., the only formula i have is the one Steve suggests in his book. 80% deposit is alot to come up with when just starting. I'm going to have to get creative.

    What's your take? I've actually seen one a few minutes ago currently tenanted which could be positively geared. Would it be advisable to acquire the…[Read more]

  • kidcantona replied to the topic First Home Purchase in the forum Finance 11 years, 9 months ago

    Thanks alot guys.

  • kidcantona replied to the topic First Home Purchase in the forum Finance 11 years, 9 months ago

    Thanks Jamie M i'll get that to you shortly

    Shahin, i'm not sure about the broker's reason i didn't actually bother to ask. Was a casual conversation but my thinking behind that is to free up my salary for borrowing again in the future.

    So i get home this evening and my wife says she'll rather wait and get something equal or better to what we…[Read more]

  • kidcantona replied to the topic First Home Purchase in the forum Finance 11 years, 9 months ago

    I'm on a Permanent Resident Visa, which to my knowledge doesn't have restrictions. If this statement is incorrect please let me know.

    @Jamie M – what finer details would you like me to reveal? I'd be more than happy to do so for if you can assist in fine tuning the application.
    I'm married and my research tells me to perhaps take out the loan in…[Read more]

kidcantona

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