Thank you so much for your responses.l shall discuss with our solicitor first. Thanks again

I dealt with Network1 agent and I really like their services. I bought my I.P below the asking price (upto $20k), the seller wanted to sell really soon that's why we managed to put-in the offer below the asking price. The I.P is between Frankston & Frankston Sth, only 5mins drive to the beach. The seller wants to rent back while looking for a new…[Read more]

Thanks everyone for sharing your thoughts. I do have 20% deposit but I will need to take from my Own Home's redraw money. That's why I am scractching my head to decide whther or not I should do 100% loan. My strategy is to buy and hold. As we are working full-time and have 1 child, so its harder to do Reno and sell.I do agree with Gary's concept…[Read more]

yes, we put 'subject to finance' clause. We know how much we can borrow, however we are not quite sure whether we should borrow 100%.

Thanks Dom,I just bought my first IP in Frankston. THe rental yied is just 5.1% but it is good enough as its ahrd to find postitive cash flow these days.

Can someone please recommend a reliable/good property managemnt agent in Frankston please? Thanks

Thanks for the responses. We do know our max-borrowing (upto $450k). However, we try not to spend >$250k for the first I.P given that we don't have any experience at all. We have been looking around for a few months, and its really hard to find a +CF property. But, I won't give up…will keep on looking…Hopefully, some of you kindly enough to…[Read more]