WOW!Been away for a week and look what happens!! HIJACKED POSTS!Terry, Richard and YI….thanks for you time and effort, im sure one day myself and others will take over the reigns from you guys and help the next up and comings.I havent had an inspection yet as this area is 3hrs away from Syd metro, but i will be planning once my holidays cease…[Read more]

Thanks Terry, i have asked my MB about that and he says that the banks will see it as too risky as i have just settled on the is property about 2 months ago, so only have made 2 repayments.I did some other calculations and found that this may not be much of a gold mine.Annual Rent                               = $11,440Asking price           …[Read more]

DWolfe, no worries hijack all you like…..just dont terrorise!I get you Terry. but my PPOR will be turning into an IP in 5 months (to satisfy the FHBG) and moving into parentsto save and get more IPs.I too have been told by my MB to get at least 10% deposit, legals and stamp duty in order to get my loan. I dont know where i can get a 100%…[Read more]

Thanks everyone for your advice.Sonyasal, I have only been researching for the past 2 weeks and there are quite a few CF+ in regional NSW. YI, i found this through internet. If for some reason i am unable to get finance any chance we could talk a deal? say 50/50?Terry,how do i end up paying more tax if i still have a PPOR loan, and i pay with c…[Read more]

Richard,thanks for the quick response.20% deposit is one of the conditions for Steve's 1% rule to make sure it is CF+.So you are saying that i should grab this with a 100% loan. maybe even more than a 100% loan i need to cover stamp duty and legal costs.I called the agent and they confirmed that it is currently leased for 12months for $220/week an…[Read more]

In all this I still dont know what PPOR or CF+ means.Can someone please tell me what is stands for and their meaning.thanks in advance