Peter replied to the topic Newbie to IP in the forum Help Needed! 9 years, 9 months ago
Thanks PHP and all other comments
Learnt a lot valuable info from the post from this forum.
I have looking at a few suburbs, ie Wollongong and even South.
However still unclear about what strategy I should take:I have 120k deposit + 120k financed from my current PPOR.
My mortgage broker said I could potentially loan approx 700k if I am not…[Read more]Peter replied to the topic Newbie to IP in the forum Help Needed! 9 years, 9 months ago
Thanks PHP,
I start looking at some regional property now. Looking back at the sale price, there has not had much growth in the property price but the rental return looks ok.
Ie in Nowra, a house asks 245k but with rental as 290pw.
How do I calulate or what other factors do I need to know in order to know if this is a good investment for good…[Read more]Peter replied to the topic Thinking of block of unit in the forum Help Needed! 9 years, 9 months ago
Thanks Richard
I m going to call the agent tomorrow and find out more.
Very excited to get my eyes on block of units.
Do you come across some good articles on block of units IP?
Peter replied to the topic Thinking of block of unit in the forum Help Needed! 9 years, 9 months ago
Thanks Richard,
I have my eyes on a three 2-bedders in regional NSW which is fully furnished. Therefore I think it might be a good ready-to-rent option. It looks well painted and averagely renovated. It was sold in mid 2011 for 380k but now asking for 650k. Evaluation from my mortgage broker said it worth 600-710k. Do you think it has gained…[Read more]
Peter started the topic Thinking of block of unit in the forum Help Needed! 9 years, 9 months ago
Recently I talked with my friend and read from articles online, I am contemplating of buying a block of 3 2-bedder units in a regional area as my IP. Hoping it will provide good cash flow and CG after a few years. Leave the numbers aside, but purely looking at buying a block of units. What do I need to ask the agent before inspection?
Do I need…[Read more]Peter replied to the topic 30 properties before 25, finance??? in the forum Finance 9 years, 9 months ago
Hi Richard,
Could you please forward me this article as well?
I m just starting property investment, needing lots of guidance and help.
Your article would be really valuable.
My email is [email protected]Thanks
Peter
Peter replied to the topic Newbie to IP in the forum Help Needed! 9 years, 9 months ago
Thanks Knightm for your comment.
I m still in the middle of reading all the posts in this section and everyone is saying there is a investment goal and strategies. I m still new to investment and haven’t really thought about this. My initial plan is to retire early and have extra $$ from IPs. My friend asked me if CG or cash flow is more…[Read more]
Peter replied to the topic Newbie to IP in the forum Help Needed! 9 years, 9 months ago
Thanks Jackson for your reply.
I didn’t know much about investment when I purchased the ip, it’s purely because I like the terrace house, which I know that being emotional with the ip is definitely no no.
Therefore I m thinking of starting the 2nd right. Hopefully i m not too much off the track in terms of reaching my long term investment…[Read more]
Peter changed their profile picture 9 years, 9 months ago
Peter started the topic Newbie to IP in the forum Help Needed! 9 years, 9 months ago
Hello all,
I am new to this forum and new to IP.
Introduce myself first:
I m 31 yo in Sydney. I am working full time with approx 70K annual income.
I am currently living in my PPOR (house) which was evaluated at 850K with 293K home loan to pay off (interest only now).
I have an IP (terrace house) which I bought mid 2014 costing 820K and…[Read more]
Peter became a registered member 9 years, 10 months ago