Total Members: 159,193

PenguinJr

  • PenguinJr replied to the topic What’s capitalisation rate? in the forum General Property 20 years, 9 months ago

    Hm..

    So as an investor, we’re looking for highest capitalisation rate as possible huh?

    And this is used to compare the prices?

    Thanx for the help guys.

  • PenguinJr replied to the topic The order of getting a property in the forum Help Needed! 20 years, 9 months ago

    Thanx guys.

    Keep that in mind.

  • PenguinJr replied to the topic The order of getting a property in the forum Help Needed! 20 years, 9 months ago

    Hmm…

    Thanks =). Does anyone else have a different order or anything? I dont mean anything bad to Judi, he actually has enlighten my confused mind (since i’m inexperienced in this), but I’m just wondering if this is the typical approach or is there a completely different approach?

    Thanks a whole heap Judi [;)]

  • PenguinJr replied to the topic Advice on Tenders….. in the forum Help Needed! 20 years, 9 months ago

    Whats tender?

    And what’s up with the high deposit?

    Whats deposit bond?

    >.<

  • PenguinJr replied to the topic Refinancing, definition? in the forum Finance 20 years, 9 months ago

    thanx!

    I would like to learn as much as I can during these couple of months while I gather up some deposit money and researching on potential investment property.

    So any help is always appreciated =).

  • PenguinJr replied to the topic Refinancing, definition? in the forum Finance 20 years, 9 months ago

    hm.. That makes full sense…

    It also made me realise that homeLoan is different with mortgage for investment property…
    Or the word ‘mortgage’ can apply for both?

    P.S. *I can feel my brain expanding =)

  • PenguinJr replied to the topic Refinancing, definition? in the forum Finance 20 years, 9 months ago

    Hmm.. interesting…

    Do you mind going into detail of the tax implications for that?

    Thanx a whole heap for the infos mortgagehunter =).

  • PenguinJr replied to the topic Refinancing, definition? in the forum Finance 20 years, 9 months ago

    ok.. so how does getting a new appraisal and asking for a new mortgage is considered re-financing?

    My question derived from the example of “real estate riches” book by dolf de roos. A property went up from $1 m to $3 million, and by refinancing he got $2.7m, and he used that to pay his $900k mortgage (he only had $100k at start), which leaves him…[Read more]

  • PenguinJr replied to the topic Just starting out in the forum Help Needed! 20 years, 9 months ago

    Thanx for the info mortgage hunter =).

    And I’m assuming ‘clause’ is a settlement period?

  • PenguinJr replied to the topic loan affordability in the forum Finance 20 years, 9 months ago

    Hey young, wheres this “loan servicability”?

    I have the same question too..

  • PenguinJr replied to the topic PPoR or IP? in the forum Help Needed! 20 years, 9 months ago

    Guys!!

    Whats PPoR? and LMI?

    FHOG = First Home Owner Grant?
    What exactly do you get in this?

    I’m 19 yrs old and I’m ashamed to say that I have no savings >.<.

    I’ve been given a wake up call after I read Rich Dad Poor Dad book and Steve’s book.

    Thanx for the help.

    P.S. Hey YoungInvestor, wanna get in touch through email or something? your…[Read more]

  • PenguinJr replied to the topic Just starting out in the forum Help Needed! 20 years, 9 months ago

    Hi there guys, I’m just wondering…

    How likely is it that we can only put a deposit down of 5%, or even only $1000 (as steve said he had done in the book).

    And a question about the expenses, what are ‘rates’?.

    Also, is it better to find a mortgage first or sign a deal for a property first?

    I’m really new in this thing.. thanks for any help.

  • PenguinJr replied to the topic Help! Beginner Investor. in the forum No Subject 20 years, 9 months ago

    LOL… I needed to know about the area and he just gave me some information on it, that doesnt make us being the committee does it? [:p]

    Thanx for the info crj and chan$.

    I’ll search harder next time =).

    Its just that I watched Texas Chain Massacre lately u noe .. haha

PenguinJr

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