Forum Replies Created
Hi Jamie
I am refi to NAB as my broker said its a must to allow for more borrowing with CBA or something along those lines .
I can understand the advantages of a split loan over a LOC , but seeings as i will be intending to keep a portion of those funds
as a buffer and reno/soft cost would it be beneficial to keen evan a portion as a LOC?Good job on 4 IP’s before 30
hello guys
just a update n the Granny at idea
After speaking to number of agents in the area and builders I have gathered a lot of information .
Firstly My managing agent believes it is a great idea and I could potentially re rent the house and self contained GF for a minimum of $310 PW ( it is currently rented at 270pw) it is in my opinion that a conservative r valuation at 240k I very possible .
this would make my monthly position positive $541 not inc rates etc which In my opinion makes sense .I have organised some quotes for next week and I will update then with figures.
Btw my tenants have currently agreed to a $5 increase so $275pw with a new 12month lease so I am weighing up my optionsHi Jamie
Thank your reply . No not approved yet as just in the thought process still .
My goal of adding the GF would be to add enough value to purchase a third and the extra yield would be a bonus.
I do realize that i would be subtracting a car space but i think for valuation sake the GF would out way the double garage.
