I am a newbie to the whole idea of investing and I agree with Bec…it is very difficult to know where to start and where to look to do the work and get the research done.
I like this idea but even if I do have a reasonable deposit to put down on 2 properties after selling my home, who would borrow to me to get 2 investment properties on my current income, that is permanent part-time, but only on 14 hours a week…I currently have a lo doc loan @ 7.8%…
Thankyou so much for all the advice I have received…
As a very newcomer to the whole idea of investing in an IP and wanting it so badly and wanting to make that first move, it is very daunting knowing which way to go…and making any move seems to be the hardest for me…fear I think []
Rent in our area will cost me as much as my mortgage does…[Read more]
Thankyou to everyone for your suggestions and words of advice.
Thankyou Kay, I don’t particularly want to sell the family home as through the separation, I think it is the one thing the children had, their family home.
However, if I have to I will.Rent in the area will cost me nearly as much as my mortgage, except that I would get some rent…[Read more]
Thanks so much for your advice…as much as I don’t want to sell my house, it might be the only way to go.
If it means possibly getting some investment properties, that is what I want, but my problem will then be, who will borrow to me to get investment properties on my current earnings.
Will talk to a mortgage broker for ideas…but…[Read more]