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  • Profile photo of SnowballSnowball
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    @snowball
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    Thanks Bluegrass

    Thats the path Im going down at present…..

    Profile photo of SnowballSnowball
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    Sorry Jaffasoft

    is that a question or a suggestion ?? 

    Profile photo of SnowballSnowball
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    Thanks for your reply,

    We have spoken to Krslovic, but unfortunately they don't build on the Central Coast……

    Profile photo of SnowballSnowball
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    Hi Coastymike
    Thanks for your reply
    Ill have a look at your website

    Snowball

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    Thanks very much Steven,

    I now need to give it all some serious thought.

    Snowball

    Profile photo of SnowballSnowball
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    Thanks everyone for your input,

    I guess my ultimate goal is to be financially independent and I would like to start setting things up to have a serious go at becoming a full time investor. So my apprentice investor mind tells me to reduce a PPOR mortgage, when I have 1 IP with a net loss of 2,000 per year, but a 100K capital gain. An yes your right I definitely not an accountant !!

    Im not sure that my Unit is going to appreciate in leaps and bounds over the next year or so, and Im thinking I would take more risks investing, if I had a 100K mortgage.

    Steve I like the sound of some of your options and I think its probably worth running it by the bank manager

    Much Appreciated
    Snowball

    Profile photo of SnowballSnowball
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    Thanks very much for the reply Steven, My LOC is just for my PPOR and daily living expenses, currently not enough credit on it to invest with. I owe 140K on my IP, its current value is approx 240-260K

    Hope that helps
    Snowball

    Profile photo of SnowballSnowball
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    Thanks very much Steve,

    Can’t wait to start reading.

    Very grateful
    Snowball

    Profile photo of SnowballSnowball
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    Firstly thanks Westan, for your reply, good luck with getting your wife to the US.

    I guess my way of thinking is I have a mortgage of just below 200k but a good wage to supplement that. I have 1 X IP that basically looks after itself. I don’t want to wait another 5 years for my mortgage to go down further, Im prepared to start investing but feel I need some good returns to kick me off and I guess give me a small safety net. That is why Im thinking of looking Overseas to get those returns, but as you all say, there are some bargains still here, and I will keep looking. Im very determined to make a start.

    Snowball

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    I have heard a lot of positive feedback about investing in the USA, would there be more opportunity there then in NZ ??

    Snowball

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    Thanks very much Phil,

    Your absolutely right, that is exactly what I was doing, told you I was new at this.

    Much appreciated
    Snowball

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