Hi all,I and my partner are on the business of renovating and re-selling. We agree with all that LA aussie says.We are lucky that we already have the leverage of two full paid properties (rented out, so also giving an income)The way we work is by saving as much money of the profits we make with each property sold, after taxes, etc., When we have…[Read more]

Hi everybody,I always lay ceramic tiles/mosaics on the damaged, wear out kitchen bench tops of the units I renovate and re-sell. To me is the best solution ever. Easy to lay, shining, strong, durable, and cheap. Cheers,Tera

Hi boshy,You are lucky if you only owe $105.000 that means that you have an equity of $172.000 in your homeIf you don´t know it this, it  works like this: $320.000 – $105.000 = $215.000 x 80% = $172.000 which is the money most banks will lend you for a loc doc investment loan.Please read about loc docs to find out all relevant information. You do…[Read more]

Hi marg,A little bit late, really sorry,  but thanks so much for the most useful enlightment.Cheers,Tera

Damian,I think that you should start small. I will forget about starting by buying a house.  i will start buying a small unit or flat in a good area if possible. Save the  20% needed for a loc doc loan and start from there. You will have plenty time later to increase your savings and buy greater things. Don´t forget as well that you don´t need…[Read more]

Hi artytina68,

I and my partner are in the business or renovating and selling.

If the kitchen counters are really bad we always cover them with nice shine ceramic tiles. Not large ones, but the small kind of mosaics.

Even the tops, fill the gaps, sand them and lay the tiles. It is economic, practical and it looks terrific.

Go for contrast with…[Read more]

Hi marg4109, terryw,

Thank you so much for having taken the trauble to give me so much useful advise.

There are a couple of things that I don´t fully understand, perhaps is because I may have not explained the situation fully or clearly.

First, I can takeover 100% of the mortgage (loan?), there is no problem there.

On the question of c…[Read more]

Hi all,

I am new here. Could you kindly let me know to what you refer to: PPR, PPOR and FHOG?

Thank you so much (I am new and learning)

Cheers,
Tera[blink]