well well.. we finally did it! we got the keys, 2 days ago, to our first IP!  We had to do it the hard way and get mortgage insurance etc etc etc but hey we got the house at a good price, near the water and in a suburb that is booming.. and that needs improvement so yippe!!! Thanks to all that has helped us with their advice.. and we will be…[Read more]

Hi all, we are back… and with good news.. I have gone back to work, and although I miss baby very much (my parents baby sit mon-fri) I know I am doing it to venture into the PI world…

now… my hubby is still on 34-35K and I am on 43K… we have a $192K loan, 1 dependent and general monthly payments (insurance, groceries etc)… what is our…[Read more]

Originally posted by romyluca:
My mum bought a house back in 1997 in wavell heights for $160 (incredible to believe I know) and now you will not get that house for less than 650K.

Romina[headphone]

That’s 160K of course….
By the way, we bought our house in Nov 2004, it is a low set brick/tile, 3 bedroom (Small ones) no built ins, small…[Read more]

hi.. brisbane not much better (consideting the city.. I mean melbourne and sydney at least have a little life)… we bought an ex housing commission house at redcliffe, needed rennovating, (it was all masonite/fibro so we gyprocked the whole thing inside) took down walls, opened up areas.. polished floors, re-did electrical everything you can…[Read more]

Hi and thanks for this opportunity..
my questin is:

How can we possibly borrow a pi property when we only have 1 income? (which when you deduct the mortgage, expenses etc… really leaves nothing). We enquired with regards to borrowing based on equity but the repayments for both properties are impossible to repay…

Which brisbane areas might…[Read more]