Total Members: 159,401

KRH83

  • KRH83 replied to the topic Are we ready for IP#3??? in the forum Finance 12 years, 5 months ago

    Yeh richard, we lived there for a little while 6 years ago so hopefully we know the area well enough to avoid the undesirable parts!

    We were most likely going to use a buyers agent since we will be long distance buyer – can anyone recommend a reputable BA in Brisbane?

    Thanks,
    K

  • KRH83 replied to the topic Are we ready for IP#3??? in the forum Finance 12 years, 5 months ago

    Hi richard, we’re thinking of around the Keperra/everton park area which is quite affordable- my parents are in Mitchelton. Just a quick look on realestate.com there are quite a few suitable properties.
    What details in particular would help to make a more accurate assessment?

    K

  • KRH83 replied to the topic Are we ready for IP#3??? in the forum Finance 12 years, 5 months ago

    thanks for your input guys! Its given me the drive to contact the mortgage broker tomorrow!

    Our borrowing capacity was calculated to be appx $480K on just an online bank calculator so i’d need to confirm this with the broker. The previous purchases have given me confidence that we can manage high LVRs particularly with secure jobs and i’m…[Read more]

  • KRH83 replied to the topic Unable to capitalise LMI on LOC in the forum Hi Richard, i just realised 14 years, 10 months ago

    Hi Richard, i just realised that i had my figures wrong and the property was actually valued at $350,000 (damn those overly conservative valuations!!) and the LOC was to be increased to 90% LVR. I guess this is what makes the LMI un-capitalisable??So I'm now thinking of putting less of my own cash down on the second mortagage and just pay the…[Read more]

  • KRH83 replied to the topic Unable to capitalise LMI on LOC in the forum Finance 14 years, 10 months ago

    Thanks Richard, I'll look into it further. So should i try and avoid the other option she's suggesting with the existing loan?

  • KRH83 replied to the topic Unable to capitalise LMI on LOC in the forum Finance 14 years, 10 months ago

    Just spoke to the Mortgage broker and she said that its common for them not to allow this with LOCs -we are with newcastle permanent. Should we go ahead and increase the existing loan? she assures me that they will still be kept separate and that only if i didnt increase the loan, that it would be cross collateralised…. I'm so confused!

  • KRH83 replied to the topic Property address confusion in the forum Finance 15 years, 1 month ago

    Hi L.A, The loan is a full doc loan and we are looking at increasing the loan to 90% LVR. Do you think we should try another lender?

  • KRH83 replied to the topic Property address confusion in the forum Finance 15 years, 1 month ago

    Thanks Sue, would the conveyancer that carried out the settlement be able to help me out with that or would it have to be a solicitor? Mattnz, the issue is actually the documented address because the insurer didn't accept comparible sales figures for a unit in the same position as mine on the main road (one level above our unit) because they were…[Read more]

  • KRH83 replied to the topic Property address confusion in the forum Finance 15 years, 1 month ago

    Thanks a lot for that link scott no mates! That will be a great help.Cheers, KRH

  • KRH83 replied to the topic Townhouse or Unit?? in the forum General Property 15 years, 2 months ago

    Hi Natalie, yeah i think i'd definitely need to go for one with a car space. Thanks for your input, it all helps get everything into perspective! I'm just worried about the high strata fees for these apartments but i guess if the rental income is high enough, it will cover the strata fees and hopefully still present good cashflow.

  • KRH83 replied to the topic PARRAMATTA, SYDNEY UNIT MARKET in the forum General Property 15 years, 2 months ago

    I finally went for a drive around the parramatta area today – i was quite surprised actually! Only stumbled upon a few dodgy streets but there were some nice wide tree lined streets. Leaning towards buying a house or townhouse though – seems to be a lot of units so not much scarcity –  Any opinions?

  • KRH83 replied to the topic PARRAMATTA, SYDNEY UNIT MARKET in the forum General Property 15 years, 2 months ago

    I have never been to Parramatta but i'm starting to seriously look into purchasing a property there – purely based on the figures and future potential. Does anyone know which are the better streets/areas and which ones to steer clear off?? What is the crime rate like around these suburbs these days?Cheers, K 

  • KRH83 replied to the topic Need help – property investment and mortgage insurance in the forum Legal & Accounting 15 years, 3 months ago

    Hi Vinod, i'm not an expert but when i saw my accountant about purchasing my second IP, he informed me that the LMI can attract a tax benefit but over a certain time period. i think he called it annualised?? i haven't got all the terms down yet!

  • KRH83 replied to the topic Buyers agent in Brisbane in the forum Help Needed! 15 years, 3 months ago

    How did you go with the buyer's agent Mark? I'm looking at using Liz at the Hot Property Specialists, as recommended by another forum member. I haven't registered with them yet but i have been happy so far with Liz's prompt replies to my frequent pesky property enquiries!

  • KRH83 replied to the topic Brisbane – Young Family – Mitchelton or Chappel Hill? in the forum Help Needed! 15 years, 3 months ago

    I lived in Mitchelton with my parents for a few years while at uni. Not much of a 'village' vibe yet but it definetly has potential. close to train lline and brookside shopping centre, blackwood st is the main cafe strip (only 1-2 cafes though). a lot of land is being released on the west side at the base of the hill – my parents have just sold…[Read more]

  • KRH83 replied to the topic Brisbane investment – is now a good time? in the forum Hi Richard, just wondering 15 years, 3 months ago

    Hi Richard, just wondering were they units you purchased in Bowen hills and Albion?

  • KRH83 replied to the topic Brisbane investment – is now a good time? in the forum Help Needed! 15 years, 3 months ago

    I was thinking along those lines too for our next IP- anyone have suggestions on the up and coming suburbs and for potential +CF?Kyla

  • KRH83 replied to the topic “close to transport” in the forum General Property 15 years, 3 months ago

    Thought so, thanks guys!

  • KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance 15 years, 3 months ago

    ok i understand. Yet another pearl of wisdom! cheers!

  • KRH83 replied to the topic Pay LMI or create LOC for deposit on 2nd IP?? in the forum Finance 15 years, 3 months ago

    Ok so because you didnt use a separate LOC to buy the shares which were then shifted to super, the whole LOC amount (400K) was classified as a private (non deductible) debt?? That sucks!

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KRH83

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