Options are limited. You could try flipping with regional properties, to just get some chunks of passive income until your borrowing power gets better than start buying, renovating and holding.

Have you talked to a broker?

I’d be wary of JV they normally don’t end well. People have different goals and circumstances. Plenty of horror stories…[Read more]

Where are you located? Most libraries have a magazine section, maybe see if you could find some there.

Congrats on starting so young. I guess with it been two years old probably not much sweat equity you could create. Any features you could add to boost the rent? Any future infrastructure plans for the suburb? I’d talk to a broker at least to see if you have any options available to refinance or restructure the loan etc.

For future properties you…[Read more]

Congrats on starting so young. I guess with it been two years old probably not much sweat equity you could create. Any features you could add to boost the rent? Any future infrastructure plans for the suburb? I’d talk to a broker at least to see if you have any options available to refinance or restructure the loan etc.

For future properties you…[Read more]

Hi Sally and welcome to the forum.

Most mortgage brokers don’t charge as they get commission from the banks. There is a large number on this forum if you head over to the finance section Corey Batt, Jamie Moore, Terry W and Ethan are some of the regulars who would be able to help.

Each state and territory has different First home owner grants.…[Read more]

Sorry for your loss. It really depends on your end goals? Do you want passive income each week or would you really like a better PPOR? I will say however that buying units in Sydney wouldn’t be the best option at the moment. Yields are low, massive over supply of units and much better places to invest in. Regional NSW/Blue Mountains, Adelaide and…[Read more]

Terry has nailed it. Don’t forgot that your end goal should take inflation into account. A mixture of both cash flow positive and capital growth properties will get you there. Just need to find the strategy that fits your goals and timeframe. With such a high income you could achieve your goal relatively easily.

I’d start assembling a team of…[Read more]

Looking forward to it :)

It sounds like you may be suffering from analysis paralysis. What are your end investment goals? Do you want passive income from rental properties or sell down and live off the equity you created?

Finding positive cash flow property is easy at the moment, thanks to interest rates at the moment. It’s just making sure it’s a sound investment long…[Read more]

You can have both capital growth and yield. 10%+ per annum is pushing it especially with most of the markets in Australia at the moment. If you want strong yields and equity from the get go. I’d be looking for a buy renovate and hold strategy.

Thanks Tony

I would take any prediction reports with a grain of salt, especially the ones selling their services. There are better services RP data, pricefinder etc. Need to pay but you have access to some very important data.

There are services kind of like this but more based on cash flow properties. I’d personally prefer the old search yourself method to…[Read more]

Hi Tim welcome to the forum.

Probably best to work out your end goals and than work your way back to where you are now. I find this is the easiest way to create a plan on what you want to achieve. You’ve got a very strong position with equity and income so financing won’t be an issue but you should probably make contact with a broker to…[Read more]

As Jamie said the negative gearing concept is flawed. You lose money to save tax compared to paying tax on profit. I know which one I would prefer to utilise. OTP as others have stated is quite risky as well. Good luck and I hope you get your deposit back if you decide to pull out.

As Jamie said the negative gearing concept is flawed. You lose money to save tax compared to paying tax on profit. I know which one I would prefer to utilise. OTP as others have stated is quite risky as well. Good luck and I hope you get your deposit back if decide to pull out.

What state are you in? As it differs per state but from my understanding your spouse will ineligible for the grant as she is in a relationship with you. You can look up the rulings per state just by going to the state or territory revenue websites. I would recommend talking to a broker about the financing side of everything. Plenty on this site…[Read more]

It depends on your goals and when you want to achieve them? I’ve invested heavily in regionals for cash flow but the foundations of my portfolio was capital growth. You need both cash flow and capital growth to keep growing your portfolio but focusing on capital growth definitely helps for quicker transactions. If you are considering regionals the…[Read more]

It depends on your goals and when you want to achieve them? I’ve invested heavily in regionals for cash flow but the foundations of my portfolio was capital growth. You need both cash flow and capital growth to keep growing your portfolio but focusing on capital growth definitely helps for quicker transactions. If you are considering regionals the…[Read more]

:)

95% is still available but from what I’ve heard you need to jump through hoops to get it. 88% is the sweet spot to aim for, LMI drops significantly. One of the brokers on here I’m sure could help you out. Good luck :)

The first point of contact should be to a broker. That way you will have an idea of what you can borrow. From there it’s important to work out your goals whether it will be retiring in 10 years or simply boosting your lifestyle. Put a plan in place to get there and start doing some research. I used to go to the local library and borrow as many…[Read more]