Hey,

Have you considered an equity release from your other property? If there’s enough equity in your property now, you can potentially buy another IP without using your savings with this process.

Regarding the use of credit cards and balance transfers, this is usually not advisable as this can really hurt your credit scoring and all credit…[Read more]

Hi There,

i would start by working out how much I can afford. A good mortgage broker can work this one out for you pretty easy and advice you on how things should be structured given the goals you have in mind.

Once you know how much you can afford, this will filter the areas that is out of your affordability scale.
Why do you want to invest…[Read more]

I think it will come down to the level of trust that you give or is willing to give to your business partners or employed professionals in the US. Its the same as investing interstate or sight unseen. Maybe the process is a lot quicker and documentations can be handled in a timely manner of you live in the US. Is this correct Nigel?

+1 for Nick

You can also call Terry Waugh.
I will try to get his contact details for you.

Hi scha9799,

Most of the process you mentioned is similar, just different documentations. In QLD, its 30 days settlement for the normal sale.
Im sure the rest with much more experience in QLD buying/selling process will try to help you out on this.

Cheers!

I agree with Catalyst. Everyone is busy. It will all come down to how bad do you really want to be financially free and what you will do to achieve your goals.

Hi Sydney,

Not exactly sure what you are trying to do here. Are you concerned that if ever you are to sell the property, no will buy it?
What made you think this way? Is your research telling you this? Your thread topic is actually a good statement. Buying properties to suit what the demographic wants. Its all about supply and demand, find out…[Read more]

A good broker, accountant and buyer’s agent will explain each step to you as you progress. You learn from it and minimise mistake if done by yourself alone.

Hey Wiwin,

first thing to do. educate yourself. read a lot. and then read some more. be active in property forums like this one.
you have accepted the fact that you know little and wanted to do something about it. That is one of the best decision you’ve done.

“You don’t know what you don’t know”

Educating yourself will fix this. Soon you will…[Read more]

Hi sciencesurf,

Apologies if my post made you feel that way.
I asked the question if face to face meeting is a must for the OP and then suggested what I would prefer. At the end of day, it is still up to the OP’s due diligence and comfortability.
A step by step explanation can also be done over the phone, email, Skype, FaceTime, etc. Technology…[Read more]

Those are some pretty solid advices there. Also the links provided as well is really good for other people with the same questions in mind.

Hi Kevin,

Do you really require a face to face meeting?
I find it that due to everyone’s busy life, doing transactions like this over the phone and email is beneficial.
Just need to find a knowledgeable and reliable person. Someone with a good reputation is a must as well. You can easily find them on forums like this.

1.) AFAIK, as long as the purpose of the borrowed funds is used for investing purposes, there is no loan contamination.
The problem here is, what you are trying to do is pay off a portion of the Tax Deductible debt. Which is not beneficial for you in the long run, as you mentioned this PPOR will be converted to IP later on. Why not consider…[Read more]