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  • Profile photo of JonJon
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    @wealthyjvd
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    December 13, 2010 - 1:57 pm

    Qlds007?

    Profile photo of JonJon
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    @wealthyjvd
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    December 11, 2010 - 3:50 pm

    Thanks for the input guys, much appreciated!

    Jamie: i did claim the FHOG.

    QLDS007, ill email yourself within the coming week..What kind of details would you want to see?

    and Oriel, i really dont want to use any equity from the existing property.

    Profile photo of JonJon
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    @wealthyjvd
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    December 11, 2010 - 6:16 am

    Thanks Jamie, but my previous property i only had $15k and purchased a house worth 263k and the loan is structured so that it pays P&I, eg: not an investment loan, rather a mortgage for a house i would live in.

    QLDS007, can you help me from Brisbane, love to know what my borrowing capacity would be…

    Cheers!

    Profile photo of JonJon
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    @wealthyjvd
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    December 11, 2010 - 5:54 am

    QLDS007, does it matter that i do not wish to use equity in my previous property for the new one?

    And can you recommend anyone in Melbourne?

    Cheers

    Profile photo of JonJon
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    @wealthyjvd
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    December 11, 2010 - 1:26 am

    I assume you are in QLD Rich? Anyone in Vic you know of that is able to push something like this through?

    Profile photo of JonJon
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    @wealthyjvd
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    September 16, 2010 - 12:06 am

    looking to do the same thing now 'mixedup'….

    how can you come accross these mortgagee auctions,

    im looking for any suburb in VIC that has a 1bd (55+ sqm) around $200k

    its impossible!!

    Profile photo of JonJon
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    @wealthyjvd
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    September 16, 2010 - 12:03 am

    costs are $600k + $1.3m

    and the value is $2.2m

    So your saying your making $300k on a $1.9m outlay :|

    Profile photo of JonJon
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    @wealthyjvd
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    August 31, 2010 - 10:47 pm

    The servicability is not the problem at all. Even if rates went to 9%, having both rented out would not be difficult at all. Our first IP we only had 6% + the FHOG. And we did not have to come up with LMI or SD.

    I understand the 12 problem. But by april next yr we would be both working for 12-15 month at same position…

    Profile photo of JonJon
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    @wealthyjvd
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    August 15, 2010 - 11:11 am

    Anyone else?

    Profile photo of JonJon
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    August 12, 2010 - 12:30 pm

    Haha, I was only working there with family on Saturdays lol. Yeah the standard 5.2% is probably a bit above expected. But I bought crap and renovated it well (I hope) haha

    Profile photo of JonJon
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    @wealthyjvd
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    August 8, 2010 - 5:45 am

    Ok I went And spoke to a few people (agents, land developer offices etc) it seems you can go about it 2 ways. Onselling whereby you pay cgt and stamp duty (pointless for what I want) or using the nominee clause (however must sell for same price I am holding for, (again…pointless)

    So I will be doing more research as many land developers are only offering less than 2-3 month settlement. Where I am after 10-12+ months and the ability to onsell without paying stamp duty

    Profile photo of JonJon
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    August 5, 2010 - 12:38 pm

    Thanks for the input Linar, i was thinking of places like Gisbourne, Merndah, Epping etc..

    And JacM – why would i pay stamp duty if i havent even setteld for the block and i do not have title to it.?

    Profile photo of JonJon
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    August 4, 2010 - 2:53 pm

    And if you don’t settle you don’t pay stamp duty or cgt just agent fees and that’s even a maybe….

    Profile photo of JonJon
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    @wealthyjvd
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    August 4, 2010 - 2:51 pm

    I wAs thinking more from a point of view where because I couldn’t afford to hold MANY land banks, sell each one before settlement. Thus 5-15k outlay becomes 35-60k gain in less than 12 months. Then Put the profit toward a develop on my IP?

    Profile photo of JonJon
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    @wealthyjvd
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    August 4, 2010 - 2:38 pm

    Strathmore VIC

    Profile photo of JonJon
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    June 3, 2010 - 11:57 am

    yeah im looking at cash flow positive thanks paul – definately no units (or anything <10k) that you can buy and rent for positive cashflow.

    may be through value adding though

    thanks

    anyone else?

    Profile photo of JonJon
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    June 2, 2010 - 3:28 pm

    i know someone who paid $4k for the material and thought it was extremely good..now doing 3 project in less than a year of watching it..

    Profile photo of JonJon
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    @wealthyjvd
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    June 2, 2010 - 3:09 pm

    20 years old bought my first ip with my partner in oct 2009 (at 19) renovated it and now about to rent it, now on the hunt for my next project

    Profile photo of JonJon
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    @wealthyjvd
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    June 2, 2010 - 3:03 pm

    meltons yuck, check bacchus marsh

    Profile photo of JonJon
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    June 2, 2010 - 2:32 pm

    anyone?

Viewing 20 posts - 41 through 60 (of 139 total)
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