Thanks Richard! Have you ever worked with those UK lenders & if so who do it?

Sorry when i say 'here' i mean i have equity in a property in Aus and im live in Aus as well

Hi Richard,I mean using a residential property here as security plus around 50k cash. Im really 'green' when it comes to overseas investing but think that the UK would offer some great opportunities at the moment to purchase at a reasonable price and maybe easier to get CF positive. Any info on how to buy in the UK would be greatly appreciated.…[Read more]

Canada….no thanks!!!Hobart unit was purchased for $100,000 7 years ago. We re-financed to buy the house that we build the unit out the back of (Property 2 as detailed above).Since posting yesterday I feel like an idiot after spending the last 24 hours thinking about it…….why the hell would we sell a property that virtually pays for itself…[Read more]

Thanks Leo – good advice

Couple of things to check, firstly see local council and check their land size requirements for a second dwelling, generally the land size required to build and strata title will be less than that required to subdivide.  For exampl in my local council in Tassie you need 350m2 to build a second dwelling but the next door council resuires 375m2 so…[Read more]