Hi all & thanks to Benny & Richard for the feedback.

It all makes sense in my head, it is great to have a platform to share those thoughts & hear the “opinions” ;) & experiences of others.

I am of course somewhat nervous going into my first buy. Looks like we should agree on a number over the next couple of days well below valuation that should…[Read more]

Hi Investors.

I am after people’s opinion on how much to borrow for first buy?

I am technically borrowing 100% with a refinanced deposit + 89-91% mortgagee including LMI & Stamp etc.

Should I be kicking in a little extra to get the LVR down to 88%? Or should I keep my $ in my pocket & go high on the LMI.

Loan is interest only at this s…[Read more]

Hi Investors.

I am after peoples opinion on How much to borrow for first buy?

I am technically borrowing 100% with a refinanced deposit + 89-91% mortgagee including LMI & Stamp etc.

Should I be kicking in a little extra to Get the LVR down to 88%? Or should I keep my $ in my pocket & go high on the LMI.

Loan is interest only at this…[Read more]

Hi Investors.

I am after peoples opinion on How much to borrow for first buy?

I am technically borrowing 100% with a refinanced deposit + 89-91% mortgagee including LMI & Stamp etc.

Should I be kicking in a little extra to Get the LMI down to 88%? Or should I keep my $ in my pocket & go high on the LMI.

The property is valued at about 30k…[Read more]

Thanks for the responses guys :)

I have read that repairs are not tax delectable until a tenant is in? Is this correct? I have a PPOR so the property is obviously an investment.

Thanks guys.

Simon

Edit”, Just found the info, crap.

Thanks for the responses guys :)

I have read that repairs are not tax delectable until a tenant is in? Is this correct? I have a PPOR so the property is obviously an investment.

Thanks guys.

Simon

Hi Benny

Thanks for that.

The property is vacant so access (if I get it across the line) once unconditional is a good idea to try for. The property is 1km from a train station, 5-6km from a major shopping centre with several smaller options closer & a variety of schools. The area is quite respectable for the location.

Work I think needs to be…[Read more]

Thanks Ethan

I registered with the networking group & will keep an eye out.

I think I have narrowed down my search to a couple of the less desirable (or at least that’s the perception) suburbs in Logan. I will look to buy well with option to add value. I have found several property’s on good size blocks that are cash flow positive.

I am…[Read more]

Is there a point where you can have to much land on a IP, ie you just pay more rates for no more rental benefit? Or will appreciation of the land offset this?

I am looking at some property’s in Logan with 800 – 1100m2. Also can this be off putting to perspective tenants as the upkeep is a lot of work?

Thanks

S

Hi Ethan

Thanks For the Welcome.

“Then what? You wait until it goes up in value enough to be refinanced so you could buy another? That could take a very long time…”

I have actually been thinking about that very issue while looking at property’s over the last week, “Then what” is a very good question!

I have been spending a few hours each n…[Read more]

Hi Ethan

Thanks For the Welcome.

“Then what? You wait until it goes up in value enough to be refinanced so you could buy another? That could take a very long time…”

I have actually been thinking about that very issue while looking at property’s over the last week, “Then what” is a very good question!

I have been spending a few hours each n…[Read more]

Thanks Benny

Yes a broker has looked at my refinancing options & one lender has come back with a valuation giving me the 60K available funds. We are in a strong position to save some more $ over the coming months & are above average household earning so no issues obtaining finance. We are going to look at organising all this next Monday & work…[Read more]