Hi, its wanabee in Toowoomba again, i read what Tasinvester replied, sounds good, we should talk some times to see how we are both going.

Congratulations to all of you , TAS INVESTOR, can you reply to wanabee re 1st IP, i would some sound information, like you gave kimkath61.

OlorinSledge:thanks for your reply, i’m not much into wraps, sounds harder than what we’re trying to work out now, selling may be the option, do you buy under or around &100,000 so investment is positive?ours was closer to &200,000, we only have 10yrs to get these IPS, as we have been told to old after that, can only take our loans for that time…

Hi, wish i was you ,i’m trying to figure out how to work out my 1st IP wich has been negative since day 1 , rent not paying costs, did you borrow on equity?%100, or do you have deposit? i would appreciate a reply as you can see we are new to this.

Hi Cremin, no the IP is new & fully furnished, we would remove the furniture if needed, but the tennants want it left, we made the mistake of buying an expensive IP ,listening to agents telling us what rent it woukd get, but it hasn’t, now the decissions to keep or sell or buy cheaper 2IP in hope 2 IP can make positive cash flow to help 1stIP

Hi OlorinSledge, thanks for your reply, no offence taken ,i’m looking for tips, thats why i came on site, we would need $40 week from 2nd IP to cover 1st IP, if this sounds unrealistic & can’t happen we would need to sell 1st IP, then where do you start again so as to be positive IP?

Neologism, thanks for you reply, that is also a line of thinking, hopefully the 2nd IP would be much cheaper , so rent better, to cover it & also have enough left to top up 1st IP & yes no tennants is another problem .

Hi.
We also live in Toowoomba, 12mths ago we bought our 1st investment property near$170,000, the rent doesn’t cover all the costs, hence we are looking at what is best now, to sell, or buy another cheaper to maybe cover all costs.between us i hope we find the right answer, as i think investment is the way to go, but done right.

Hi theENJOLady
Thanks for your thoughts, our goal is self to be selfsufficent in retirement, only 10yrs to do it, so therefore the race to sell or buy another, the first rent doesn’t cover all costs, so looking at will 2nd cover all.

Chandra, thank you for reply, do you use equity? %100, or have a deposit? also if rent covers costs living costs are seperate.

quote:
Wannabe,

You ask this question a couple of time, may be I have ago at it.

If you think you can support your next investment propery and live comfortably why should you sale you first one.

I believe in building…

[Read more]

quote:
Just wanted to say ‘Congrats []’ to Steve for the Today Tonight interview that aired last night. And also for the upcoming book release.

Keep up the good work and stay happy.

Rae [8D]
cash chick, if you are still on line i’d like to talk to you re investment property
wanabee

Cash chick, help me out here, the language is new to me, we could use the equity in our home or the investment home to buy another,we can’t afford to keep putting in the extra each week for the 1st, hence the thought of buying a 2 nd , to maybe cover all costs on both.

Quote:
We live in Melb and thinking of buying an investment in Brisbane for around 200k, perferably the nth side. As we are first time investors, we would like to know an area which is a good choice to buy in?
[
hi , i’m off the track , but wondered what you thought about our 1st investment home we’ve/had for12mths now , its been in negative…[Read more]

hi ,we are new to investment buying also, we have had our 1st property for 12mths now, its been in negitive rent the whole time, do you think its best to sell, or buy another to maybe cover all costs.

haveing bought our first investment home, its been in negative rent the whole time, do you think we should sell it , or buy another to hopefully cover all costs.