Matthew B replied to the topic On the way to buy my 2nd IP – questions on refinancing in the forum Help Needed! 14 years, 1 month ago
Hello Rockney,The increase of $24K can be set up in a separate split to the first loan. If you select the right loan structure you can avoid making repayments on the additional amount until you settle on the new property. When refinancing you have to look out for exit costs with your existing lender, which will vary depending on how long you h…[Read more]
Matthew B replied to the topic Seeking people’s experiences with BUYERS AGENTS in the forum Help Needed! 14 years, 1 month ago
As with all matters in investing, you need to be cautious when looking to take on a buyer's agent. Catalyst is 100% right, not all buyer's agents are equal. I have found a majority of businesses who call themselves buyers agents or advocates really only sell developer stock and get paid well to do so. In my opinion this is blurring the line b…[Read more]
Matthew B replied to the topic Why do we shun student accomodation? in the forum Help Needed! 14 years, 1 month ago
One of the main drawbacks with student accommodation is that it can limit your ability to grow a property portfolio. Even if you receive some capital growth, the few banks that are willing to lend against this type of security will usually limit the LVR in comparison to other types of property. This means you have to tie up more of your equity to…[Read more]