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  • Profile photo of perthalisonperthalison
    Member
    @perthalison
    Join Date: 2004
    Post Count: 4
    April 24, 2005 - 11:13 am

    I came from the east 15 years ago for a six month working holiday. Nobody has asked me to go home so far…. so I guess we are welcome…!

    re property market, I believe a lot of sydney investors are buying. they can’t belive our prices. But we would like to keep the property for ourselves if possible.

    Profile photo of perthalisonperthalison
    Member
    @perthalison
    Join Date: 2004
    Post Count: 4
    April 22, 2005 - 3:28 pm

    If you have been paying a P&I loan on investment #1 then you may have built up some equity. Refinancing with interest only may give you enough to add to your $20k to go for property #2.

    You would need to do more number crunching to see if this is viable.

    Good luck.

    A

    Profile photo of perthalisonperthalison
    Member
    @perthalison
    Join Date: 2004
    Post Count: 4
    April 22, 2005 - 3:16 pm

    We try to keep all of our loans distinct and definitely well away from PPOR loans.
    I have always claimed the interest on all the borrowing which includes deposits.

    Hope this helps.

    A

    Profile photo of perthalisonperthalison
    Member
    @perthalison
    Join Date: 2004
    Post Count: 4
    April 12, 2005 - 11:34 am

    Just to let you know that I am in my 40s, I work fulltime, study parttime, run a house for my family (husband and two kids) and am just starting out with my retirement plan using PI. I don’t wish I had obtained my degree straight out of school (I am finding it much easier with many years of life experience under my belt) but I do wish I had started my retirement plan straight out of school…..[grad]

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