Hi Rachel,

I am interested.

matthew.collinsatcandle.com

THanks

How is a 2nd mortgage different from refinancing and just borrowing more against the same property ?

Both properties I am looking at have a LVR of 72% which I think is pretty good ??

Where at Bear ?

If not which state ?

I don’t think you are missing anything, there is a limit to how many properties one can structure like this and that depends on your taxable income.

Why doesn’t someone put one of their hopuses they have just settled on on the forum so we can see where and what kind of thing you are buying ?

Bear,

Can you tell me where you bought this house for $27K ?

Did you buy the hiuse in Abercadabre for $75,000 ?

I must admitt I can’t find any positive cashflow properties except real cheapies $50-$60K which are probably on flood plains.

Is it worth buying a property that breaks even as you will eventually own it outright without costing you anything !!

When people say its cashlow + do they mean after they have put in 20% deposit ???

What is Manjimup like ?

Fatboy,

There are a few houses that come close to the 11 sec rule in Mackay ? I don’t suppose you will give me a “general” area of better properties, closer to the 11sec rule are ?

no its not my house.

People seem to be buying positive cashflow properties in QLD. Won’t someone give us a glue where they have been doing it ?

What do guys think about Wagga Wagga ?

quote:
Be wary,
I know what is on either side of that photo.Mike

What is it ?

Check this out it meets the 11 sec rule perfect.
http://www.domain.com.au/listing.aspx?mode=buy&id=2004060758