thanks for all the good replies.Sorry I was not more specific with what I was doingThe bathroom has a new vanity and Mirrors, and I have heaps of tiles that some one gave me… all are the same pattern/color so good for my purpose…I have neighbor who is a plumber and an another one is an electrician.. They will do any of the pipe work …[Read more]
Hi guys thanks for taking the time to answerwhat I was after was one that would be affordable( cheap) and would have multiple benefits when I insure 6 properties with them.Im with cgu on 2 properties at the mo but they dont lower the premiums for multiple policies.thought some one might know of one that did, give a discount ,rebate on mu…[Read more]
Good work RVP and keep dreaming learning and struggling to get to were you want to go. your on the right track already.my advice is to look on this web site http://www.realestate.com.au (one of many out there)get a feel for the area that you feel comfortable with and get to know some of the agents in that area. make a plan and take it step by st…[Read more]
Remember that if you get unemployed, you still have to pay interest.
hahahahaha
I have not been employed for almost 10 years now and my property income has always surpassed the interest I pay. Its also left me with a nice level of accruing cash surplus. Funny rental increases are keeping pace with rate rises and demand for rental property is…[Read more]
Shrimpo hold onto it and look at the long term picture , what you are paying out of pocket could be considered as forced savings.by the time you finish your studies you will be on the fast track and be way ahead of your peers, Plus be in a position with employment to approach the bank to draw down equity for buying your second and poss…[Read more]
Hi ElkaYes, I was also thinking to do this, pay 20% and borrow an IO loan for the balance and leave the money in the 2 offset account I have on my other loans.I have 4 IO loans 2 x 98K over 2 properties still have 40% equity left on both. both fixed for 3 years. 1 x 48K still have 70% equity on this I.P and…[Read more]
Thanks MareeI made an offer to the agent and its been accepted conditional on building and pest inspections.Need to get these organized asap and find a good conveyance/Solicitor.looks like a busy week ahead
Hi djacWhy not look for an I.P in Ararat Stawell or Hasham Victoria,for around 70<80,000 pay cash, find a P.M and start banking the weekly rental. Save the rental income and any saving from your job and you can use the I.P and your savings to finance your next purchase.Start small with what you have and grow over time…Good luck
Thanks every one Really appreciate the comments, I'm not 100% sure what way I'm going to go with this,.I'll need to give it some more thought be fore deciding . cheersnucopia
AlottiYou can find ip's now in N.S.W under 100K and with a return of 135<160 weekly . I know I just bought 2 in the last 6 months … growth may be a little lower in those area's but still good for collateral with the bank later on.100k i.P even at 8% per annum growth tied in with the positive income over the same time is way better t…[Read more]