I am may be niave here Redwing … but if investing within Aus on property, how is the retreating dollar going to affect us.

Not trying to be smart or anything .. hopefully maybe learn something that I wasn’t aware of

wejons1

how long can you service the debt if there is no tenant?

you have to look at that, you are not always going to have a tenant, your income must provide for it

that is why people have to stop at a few properties if the have negative geared them

wejons1

I believe it comes down to cashflow and I believe the banks look at worst case scenarios and sees if you have enough cash to cover all loans.

If I am right, let me know if I am not, then you need to improve your cashflow scenario.

wejons1

To me they are just being greedy … They signed a contract and our now asking you to help them gain money they weren’t going to get but without sharing any with you!!

Stick to your guns, you aren’t doing anything illegal and what garauntee is there that would actually resign??

wejons1

Hi,

I have one IP in Tassie, 1300 – 3 bed, one IP in Toowoomba, 1300 – 4 bed and one IP in western nsw, 1400 – 3 bed.

My PPOR in Wollongong, 790 – 3 bed, and I thought NSW would be the dearest … go figure!!

wejons1

Hi,

I have used both … initially i went through a mortgage broker. Everything was fine when I bought my own place, couldn’t ask for better service. I then however had major issues, using the same broker, when I purchased my first IP. I have since gone back to the bank directly and have had great service. Found a great mobile lender, lucky…[Read more]