Oh, Hi Richard,Your welcome,…you've  worked hard this week and I know that for a fact!!  If it hadn't been for your help and sense of humour…I think I would have cracked under the pressure.Yes, you're are right, we did get there in the end.Thankskimc

Hi Grug,I am a long time reader of the forums also.I recently took the plunge into property investing with Richards help.I highly recommend him. He is professional and thorough.I live in sydney so distance isn't a problem at all.I will not hesitate to use his services again in the future.Good luck, go for it!Kimc

Hi Romeop,I'm not sure how much extra you would pay in strata fees for a pool.? Personally I would bypass any block of units which had a pool, but that's just me.The block I'm looking at does have a lift. the unit  is on the 3rd floor . The way I look at it, is if  I want to attract a tennant to the 3rd floor I will need a lift.   A pool would be…[Read more]

Hi Richard,From what I gathered from my broker  we don't have quite have enough equity. Not sure how much our PPOR is worth. He thought about the $420000.00 mark…I would be more conservative at $410000.00. We owe $274000.00I would really like to avoid LMI. I'm not really sure how to work that out.Is it mortgage owed+investment prop price (i…[Read more]

Hi,Thanks for you 'helpful input'I will definately get some more BC info. I did ask the agent how much was in the sinking fund…and his reply was….. (wait for it)……."of course there's plenty….it's only four years old"….geeze they're good arn't they!!..I felt as if he thought I was being cheeky but now thanks to you I have some amo!…I…[Read more]

Ahh…I’ll watch out for that..

Thanks

kim

Hi Richard,That's helpful…..small bonus!I read many ''For' and 'Against" …Re LMI. The way I see it…and this is just the opinion I have formed for my situation …if I want to get on the band wagon this year…it is just part of the price I need to pay. I want to be on the ferris wheel when things get going again.Thanks…[Read more]

Hi Richard,I have read many of your posts and the 'cross collateralise' and  'loan structure' will be one of the things I will be aware of…thanks to you and many others. You might think you sound like a broken record but believe me, the more times we hear it …the more confident we will all feel when setting everything in place.We were told in…[Read more]

Hi Duckster,No, Children will not be an issue.Your information was also helpful.  It really is all about  number crunching and how much risk you are willing to take.I will take your advice and contact a mortgage broker to see where we stand re: finance…..then do some numbers.thankyoukim

Hi Finspec,'Many thanks for your comments….it seems one of the forks in the road has a very clear sign..'Just do it!'To be honest I have looked into alot of areas including western Sydney where we live (Parramatta/  area) There are villas near us $330,000, and renting  for 340,00. It is so easy to  become 'mind boggled' about the whole invest…[Read more]