One of the props in Leopold at approx 12 squares and the other is in Drysdale.

Hi, what is LO and IC property?

I'm 54 years old.

Thanks! It was a strategy I had in mind

Hi Shahin,

Thank you for taking your time to reply.
I will certainly give this some thought.

Interest rates are because I am self employed and went for Lo doc.

Can any one tell me what a ppor loan is.

Thank you!

Hi Ballerina,Thank you for your help regarding my question.

quote:
if you can build and make such a profit it sounds worth it. could you rent your house out and rent another cheaper one to live in? – just whilst building – and then sell one to pay off the other?
good luck.

True I could rent mine for $350.00 per week and rent another cheeper one but I need to sell mine to raise the finance to build. even if…[Read more]

quote:
I got a question pert: Is your current loan 145k placing a strain on your finances (ie hard to service)? I think that is the crux for determing if you should sell or refinance to invest (though I could be wrong).

Atm you say you have around 305k equity (450 property – 145 mortgage). At 80% LVR you could borrow 244k to be used for investing…

[Read more]