mr_dude_guy

mr_dude_guy started the topic What would you do? in the forum Help Needed! 7 years, 4 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, 7 months ago

thanks for the replies, question answered!

mr_dude_guy started the topic equity deposit question in the forum Help Needed! 10 years, 7 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, 9 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, 9 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, 9 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]