David_M replied to the topic Keen to invest, but is it possible? in the forum Help Needed! 19 years, 11 months ago
Originally posted by The Adviser:
Most banks will view you living at home as favourable. They will still allocate a minimum living expense though and your income is below the amount they usually allocate. I think you could do something with cashflow positive properties if you go to one of the lenders who allow 100% of rental income and…[Read more]David_M replied to the topic Keen to invest, but is it possible? in the forum No Subject 19 years, 11 months ago
Kay Henry:
in reply to your post, i’m not on austudy, actually have a small part time job, that 150-200 doesn’t include my rental income as like you said is going directly toward my servicing my current loan.
The repayments on my property are at a minimum of 135 per week, but i repay 155 currently. i’m getting 160 per week rent (which i haven’t…[Read more]David_M replied to the topic Keen to invest, but is it possible? in the forum Help Needed! 19 years, 11 months ago
MortgageHunter: I am still in the very early stages of purchasing another property as i have alot of research to do, but lets just say that looking to purchase a property for under 100k.
what would be considered reasonable equity and also in regards to serviceability, what factors do they consider, besides income, as to whether you’d be able to…[Read more]David_M replied to the topic Keen to invest, but is it possible? in the forum Help Needed! 19 years, 11 months ago
thanks for the quick reply.
I’m currently studying B. E-Business (which i’ve nearly completed) and hopefully get accpeted to do a double degree with B. Property Economics.one other thing do you have any tips for doing online research on property markets/ population growth and any other aspects which may help in determining which areas are good…[Read more]