I’ve discussed this with my parents and they said that I could use the equity from our current house. In what ways does this affect their monthy repayment, and how should I repay them, do I give them the money from rent, or do I pay it all off after I’ve sold the property?

Qlds007 wrote:
Wont be able to take out the loan in your parents name yet hold the asset in your name so that is out of the equasion.If your parents take out a loan for the deposit and then gift this to you (even if you end up paying it back) you maybe able to obtain a loan in your name subject to serviceability.

Could you please elaborate?

briceman wrote:
Hi thereFirst take a look at the post Answers to "Where to Find CF+ Deals" by adam i think it is, he has posted some very good tips for finding property.Good starting point grab an edition of Australian Property Magazine and in the back they list all the terminology that you need to know, i.e. cash flow positive, rental yield…[Read more]