mr_dude_guy

mr_dude_guy started the topic What would you do? in the forum Help Needed! 7 years, 5 months ago

Bought a PPOR a couple of years ago in Melbourne. There’s probably around 260k equity in it.

I’ve managed to get my hands on $50k cash.

I’m considering getting an investment property (no apartments) – but i’m not sure which way to go.

-Get a negatively geared place, 400k plus with a low yield and will have a better chance of CG.

OR

-Get a…[Read more]

mr_dude_guy replied to the topic equity deposit question in the forum Help Needed! 10 years, 8 months ago

thanks for the replies, question answered!

mr_dude_guy started the topic equity deposit question in the forum Help Needed! 10 years, 8 months ago

hi, this could be a stupid question.
if a property, has gone up in value by say, 120k, i take it i can use that equity as a deposit on another place.
what happens if the property market goes down and that 120k equity drops to 50k?
does that affect the other property loan etc?

mr_dude_guy replied to the topic Very first property – go positive or negative? in the forum Help Needed! 10 years, 10 months ago

cheers, thanks all. more food for thought!

mr_dude_guy replied to the topic Very first property – go positive or negative? in the forum Help Needed! 10 years, 10 months ago

hi jamie, always see you're a regular contributor on here.

i take it you mean having less cashflow restricts buying more – if that is the long term plan (which it would be i guess).

is it advisble to at least start with a negative cashflow, closer to the city etc etc property, (putting some eggs in the cg basket), and then going for the positive…[Read more]

mr_dude_guy replied to the topic Beginner here – thought starters? in the forum Help Needed! 10 years, 10 months ago

Hey jamie, thanks for the response!

I'm thinking of getting an IP in qld first (i'm living vic), as the stamp duty appears to be cheaper and i have access to family who just happened to be in the building trade for renos.

But in terms of getting a finance guy, is this a broker or investment property financial planner?

I'm a total newbie in…[Read more]