Rinoa replied to the topic Advice needed in financing for my first IP in the forum Help Needed! 10 years, 6 months ago
Thank you for the advice L_S.
The advice given by all so far has pulled my head back in. After reading Steve’s book, I got over enthusiastic.
At the moment, my strategy is to stay in my PPOR for a year due to the fact that I got first home buyers grant and work subsidises some of my mortgage (provided that I stay in it for at least a year). …[Read more]-
Rinoa replied to the topic Advice needed in financing for my first IP in the forum Help Needed! 10 years, 6 months ago
Thank you for your input Jamie.
I’m glad that you mentioned property investing is not a race as I always thought it was. Properties around here are being snapped up rather quickly, which gave me the illusion I had to get in quick or miss out.
-
Rinoa replied to the topic Advice needed in financing for my first IP in the forum Help Needed! 10 years, 6 months ago
Richard thank you for your response. That was rather quick!
In your opinion, would it be ideal to use a guarantor to secure a loan for investment properties?
-
Rinoa started the topic Advice needed in financing for my first IP in the forum Help Needed! 10 years, 6 months ago
G’day everyone,
I’ve recently purchased a PPOR and wished I had read Steve’s book prior to purchasing it. The PPOR was purchased 322k and the settlement was only completed last week. I had 70k savings and used about 56k for deposit, fees etc. My current debt is 280k.
The remaining amount of m y savings will be used for repairs and emergency…[Read more]
Total Members: 159,074
