My husband and I found the whole event amazing.  I know one day when we are old and experienced we will look back and reminisce about how this conference was the turning point in our lives.  Our mindset had a quick jolt and is now growing in a different sphere.  We've clarified what we want driven by the scope of information that was made av…[Read more]

Exactly what I was planning.Now with no properties to secure this against I'm looking for the best way to do this without having to fork out for expensive LMI….sounds like 85%  LVR is the best the big loaners can give.  Can any of the loan providers do better? 

Thanks for the responsesWe've actually got enough cash to pay for 90%of the property, however we know this property would only last us 3-4 years until we have more children.  We are planning on getting a two bedroom apartment in the inner city which we would like to hold even after we move onto another bigger place.  This is the reason I do not w…[Read more]

Thanks everyone, I'll make some more calls.Cheers

Thanks Amanda, that's what we've been told. We've decided there is too much risk in this one.Cheers

Hi,

I’d like some recommendation on good books to read to get an understanding of the different trusts, how they can be applied to investments especially in Australia.

Tanks

Hi,
I’m 26 and have just purchased my first property in Sydney which is a PPOR (FHOG). Its very exciting! It needs some work, but thats part of the opportunity I see.

I had good support from people on this forum helping with some questions I had. Its great knowing there are like minded people out there. Keep the stories coming, they are very…[Read more]

I’m starting to understand. I’d like to confirm that I’ve got it right,

– Take out a mortgage of $144k on fiance’s IP. No mortgage insurance required.

– Take out second mortgage of $400k for PPOR. Use proceeds of $144k IP mortgage as deposit for PPOR. Again, no mortgage insurance required.

– We would still have $44k leftover possibly leave…[Read more]

Hi Mortgage Advisor,

Thanks for the top tips. I’ll have a talk to my accountant about financial recommendations on how to buy.

Regarding the 74% LVR was calculated as follows, assuming the loan is secured with both properties (IP value $180 and PPOR $500)

LVR = ($500k loan) / (security of $500k PPOR + $180k IP)
= 500 / 680
= 74%

Does this…[Read more]

Thanks guys

Mortgage Advisor, if I use my fiance’s IP worth $180k (fully owned) and a loan for $500k my LVR would be 74%. With this scenario, I’m assuming for the first property I will not need a deposit.

Another thought, is it better to buy a house & land in SW Sydney (Padstow, Revesby) to live in for the 6 months and move out and rent for 4…[Read more]