Forum Replies Created
- Terryw wrote:eg.
Your PPOR is valued at $500,000 but your loan only $200,000.
You buy an investment for $500,000 and borrow $520,000 using this property and your PPOR as security. (not good!)
A better way would be:
PPOR
Loan 1 $200,000
Loan 2 $120,000IP
Loan 1 $400,00(deposit and costs for IP come from loan 2 on the PPOR. Interest on loan 2 will be deductible and both PPOR and IP are not secured by each other which is safer)
Thanks for helping me understand this, your example really made something ‘click’ in my mind.
zeable wrote:Hi Libra,
If you can self manage your own house, that would be great because you avoid all the fees but u will have to deal with all the problems. If you have bad tenents, you may need to attend court hearings… etc it all depends on how much time you have on your hands.
We don’t have the time for that to be honest so I guess we won’t be self managing…
Anyone else?
duckster wrote:Yes it is a monthly magazine.
http://www.apimagazine.com.au/
It is not stupid wanting a property relatively close by
just be aware of the possible lower capital growth compared to the city metro suburbs. And it it is self managed your tenants might visit your place if really close by to ask for repairs to be done.Thanks for the link.
With self-managed, do you mean not through a RE agency? Does everyone on this forum self-manage their properties or do they use real estate agents? We were thinking about renting the property out through our local real estate agent.
Sorry for these questions, I just want to learn.
Thanks for the input.
Thank you, Andrew.
I did see that reading books is mentioned a lot. I will look into that, and I will do some more searching online for the basics, or even on this website (haven’t had a chance to fully explore it yet).
I will look for the Australian Property Investor magazine at the newsagent. Is that a monthly magazine?
Are we being stupid by wanting a property that is relatively closeby, it just feels like it would be easier to check upon if needed.
