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Viewing 4 posts - 1 through 4 (of 4 total)
Viewing 4 posts - 1 through 4 (of 4 total)
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.
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
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
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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