Storeybuilder replied to the topic Renovation profit margin in the forum Value Adding 8 years, 4 months ago
I’m actually not going to answer your question, just like you haven’t answered mine.
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Storeybuilder started the topic Renovation profit margin in the forum Value Adding 8 years, 4 months ago
Hello everyone,
I’m becoming interested in the idea of value adding through renovation.
I’m already an expert, I’ve seen an episode of the block and to make extra money I just need to find some unrelated staged game that pays me for finding worthless stuff hidden in a maze.
…But I still need some advice.
Thanks Corey for this…[Read more]
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Storeybuilder started the topic Help me be a good son. Retirement options in the forum Help Needed! 8 years, 6 months ago
Hello everyone,
I know the easiest answer is give all my money to mum but let’s keep it about property.
So, my mum is going through a separation. It’s complicated involving a property and businesses. I cannot say what her assets will be but it’s looking like she’ll have cash and no house.
I have cash. I have the ability to buy houses that’s…[Read more]
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Storeybuilder replied to the topic Redraw and offsets in the forum Finance 8 years, 8 months ago
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Storeybuilder replied to the topic Redraw and offsets in the forum Finance 8 years, 8 months ago
Thanks Terry can always count on you.
Yes the latter is what I meant. Good to know.
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Storeybuilder replied to the topic Redraw and offsets in the forum Finance 8 years, 8 months ago
Yep that’s what I had before I fixed. I just went into autopilot and used the redraw similarly. Which was a mistake but I’d still like an answer as to the best way to get out of the drama rather than tell me what would have been better, not really helpful afterwards is it?
So, would a broker just redraw equity on the existing property and use the…[Read more]
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Storeybuilder replied to the topic Redraw and offsets in the forum Finance 8 years, 8 months ago
Thanks guys. Thankfully it’s only $20,000. I’ll just park it until the next loan for an investment property. Separate the loans through a broker and it should be ok, I think. Does that sound right?
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Storeybuilder started the topic Redraw and offsets in the forum Finance 8 years, 8 months ago
Hi everyone,
I am just wondering if using an offset works differently to a redraw?
I’ve put a bit in my redraw without thinking about it into my investment property. Would it be best to ONLY redraw this for investment purposes? I just got in the habit with the offset when I fixed the loan I didn’t think to not do this.
Any advice?
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Storeybuilder became a registered member 8 years, 8 months ago
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