Hi,
I need some advise on entering into a property market. Mine and my partners total monthly income is $6200. We are thinking of buying our first home and borrow about $530k. Or look at buying an investment property.
Say the property we buy is $360000 with monthly rental income of $1400 and the EMI we pay is $2500. Will that be beneficial to us to buy an investment property and try to pay as much as we can on it ??
At what stage will I be able to borrow for my own home against the investment property. Can someone please advise. Thanks
Hi donkarnash
Firstly welcome to the forum and I hope you enjoy your time with us.
it is difficult to comment without further details as there are so many options.
Many clients are considering Shared Equity Loans again especially if this frees up capital and cash flow to allow them to get into property investing and build up their portfolio whilst still getting a foothold into the PPOR market.
If you wish to drop me an email i would be happy to crunch some numbers for you and give you some options.
Richard Taylor | Australia's leading private lender
Once again MPS – really adding value to the topic there. Stop copy/pasting the same advertising. You are not adding value. Have some integrity.
https://www.propertyinvesting.com/forums/property-investing/help-needed/4330849
https://www.propertyinvesting.com/forums/property-investing/help-needed/4330832
https://www.propertyinvesting.com/forums/property-investing/help-needed/4330783
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
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