Rinoa replied to the topic Advice needed in financing for my first IP in the forum Help Needed! 9 years, 12 months ago
Thank you for the advice L_S.
The advice given by all so far has pulled my head back in. After reading Steve’s book, I got over enthusiastic.
At the moment, my strategy is to stay in my PPOR for a year due to the fact that I got first home buyers grant and work subsidises some of my mortgage (provided that I stay in it for at least a year). …[Read more]Rinoa replied to the topic Advice needed in financing for my first IP in the forum Help Needed! 10 years ago
Thank you for your input Jamie.
I’m glad that you mentioned property investing is not a race as I always thought it was. Properties around here are being snapped up rather quickly, which gave me the illusion I had to get in quick or miss out.
Rinoa replied to the topic Advice needed in financing for my first IP in the forum Help Needed! 10 years ago
Richard thank you for your response. That was rather quick!
In your opinion, would it be ideal to use a guarantor to secure a loan for investment properties?
Rinoa started the topic Advice needed in financing for my first IP in the forum Help Needed! 10 years ago
G’day everyone,
I’ve recently purchased a PPOR and wished I had read Steve’s book prior to purchasing it. The PPOR was purchased 322k and the settlement was only completed last week. I had 70k savings and used about 56k for deposit, fees etc. My current debt is 280k.
The remaining amount of m y savings will be used for repairs and emergency…[Read more]