Total Members: 158,076

as41

  • as41 replied to the topic Cna anyone help me on this one? in the forum Legal & Accounting 16 years, 2 months ago

    O.K here is what we did. used $50K of parents line of credit for the deposit. Then a year later used another $15K of their money line of credit to pay for the reno. So all up we used about $65K of their line of credit……. P.S thanks guys… MERRY CHRISTMAS TO YOU ALL!!!!!!!

  • as41 replied to the topic What is the benefit of prepaying interest on IP? in the forum Legal & Accounting 16 years, 2 months ago

    Thanks guys

  • as41 replied to the topic What is the benefit of prepaying interest on IP? in the forum Legal & Accounting 16 years, 3 months ago

    Sorry I mean prepaying your  interest. instead of paying it every month with your loan?

  • as41 replied to the topic I need some advice on current situation and concerns in the forum Wll I would sell it if I 16 years, 3 months ago

    Wll I would sell it if I could figure out that selling and putting the money into my current PPOR will be better than the value increase  over the next few years from my IP? Not sure how to make this calculation and what I need to include? Any suggestions on how to figure out these scenarios? P.S at the moment the rent covers the IP loan of $194K…[Read more]

  • as41 replied to the topic Replacing old kitchen with secondhand in the forum Value Adding 16 years, 5 months ago

    I would like to know this also.. Does anyone have any insights?How close does the second hand kitchen need to be in terms of design or is it easy to mix and match etc……

  • as41 replied to the topic PLease I need your help on a loan question:):):):) in the forum Help Needed! 16 years, 6 months ago

    The reason I may need to refinance is that we are currently doing up an IP that we would like to sell in the next 12-24 months. We would like to use the profits from that to pay down the new PPOR we just bought. That will mean a refinance right? does this incure Defereed establishment feed or only if you pay out the loan in full. I also want to be…[Read more]

  • as41 replied to the topic Transfering Equity in the forum General Property 17 years, 3 months ago

    My first impression would be to rent your own house out while you move into the other one to do renovations. Also I have just done the exact same thing and have come to a great realisation.

    We spent 6 months renovating it from scratch. And I mean we did everthing ourselves from the tiling to the pastering. painting etc…
    I would strongly advise…[Read more]

  • as41 replied to the topic What are my options? in the forum Help Needed! 17 years, 3 months ago

    Thanks Simon,

    I have been a bit disheartened at the forum lately as I see so so so many posts that say 90+ people read but no-one replies to. I personally have a habit of trying to help as much and as many people as I can in return for some advice to my own questions and queries…[inlove]

    Snowflake

  • as41 replied to the topic IS THE GREAT AUSTRALIAN DREAM FINALLY DEAD!!!!!!!! in the forum Help Needed! 17 years, 3 months ago

    I understand your frustration. TOTALLY. Husband and I spend out 2’s drinking and partying (never thoughtou about investing until 2 years ago). Now we are early 30’s and I am the main income earner. My husband is on a very average wage and we would like to have kids. I am havng anxiety issues with wanting to have achild and wondering how to do this…[Read more]

  • as41 replied to the topic Building permit crime in the forum Help Needed! 17 years, 4 months ago

    Hi “foundation

    WHAT NEW RULES!!!!
    [inlove]

    Snowflake

  • as41 replied to the topic Renting to Invest in the forum Help Needed! 17 years, 5 months ago

    Why does your IP purchase need to be $400K, (unless you have already found this good deal)? What about buying one for a little less but just as good a deal on paper ie: yield and growth potential?????etc….Then you can have your cake and eat it too…
    P.S I know I am in the sam situation.. Do I rent or buy…. Personally we will be buying and…[Read more]

  • as41 replied to the topic Attention Brokers! in the forum Help Needed! 17 years, 5 months ago

    thanks Terry

    Is there any way that we can have the property and the loan in mine and husband name but use parents $250 equity as deposit???like a guarantor ? Even though their house is not sold yet?[inlove]

    Snowflake

  • as41 replied to the topic second bathroom?? in the forum Value Adding 17 years, 6 months ago

    HI Sepcific,

    Just out of interest, where about is this place? I looked at purchasing one like it a few months ago now but my plumber said that as a 4 bedder a laundry is vital and not to loose that aspect……
    He also quoted about $200-2500+ costs for plumbing to put applicances in for a brand new bathroom… and that was at mates rates….

    Snowflake

  • as41 replied to the topic we want kids in the forum General Property 17 years, 6 months ago

    Rayson,

    If you have $7000 t pay of PCM, and only half of it $3500 in rental incomce…. how are you paying for the difference ($3500 at least including expenses) on only $50K?????

    Sorry this is not a pick but I’m just curious!!! [inlove]

    Snowflake

  • as41 replied to the topic Conteact note? evil? in the forum Help Needed! 17 years, 7 months ago

    Isn’t anyone willing to help me out here? Please![inlove]

    Snowflake

  • as41 replied to the topic Guys and Gals I need your help!!!! in the forum Help Needed! 17 years, 7 months ago

    Hi Steve,

    OUr offer on IP2 has been accepted (good deal).. We sign stuff next couple of days…….We have 60 days settlement, is this enougth time for bank to revalue in fortnights time???Will they be approachable to this????

    P.S THANKS FOR YOUR REPLY!!!!!! My ARGHMM^#$^%($ is turning to[inlove]

    Snowflake

  • as41 replied to the topic Renovation Nitty Gritty in the forum Renovation Nitty Gritty 17 years, 8 months ago

    Here is my experience from 3 reno’s.

    Painting:
    DYI including wall, skirting, undercoats and 2 top costs, ceilings
    4litres does about a 14 sq room. Does not include cost if you pay a painter to do it. It takes a lot of time!!!! And I find I have to do it in stages as my arms get so sore I get RSI!!!No kidding try paining a 4 br house al by…[Read more]

  • as41 replied to the topic finance for Ip plust $ for Reno??? in the forum Legal & Accounting 17 years, 8 months ago

    Terryw

    Can I request the broker to organise this?? How do I do this?[inlove]

    Snowflake

  • as41 replied to the topic Advice on getting loan in two weeks for auction in the forum Finance 17 years, 8 months ago

    TerryW…and others….

    Do I need full approval or only pre-approval to go to Auction???

    Also, it looks like we may need to go over 80% LVR maybee 95%… but if we are successful at purchase and we can improve the property we could then refinance at 80%….My questions is-at over 80% I will incur LMi…. that gets charged at the begginning of…[Read more]

  • as41 replied to the topic Advice on getting loan in two weeks for auction in the forum Finance 17 years, 8 months ago

    Hi

    We are in Melbourne Suburbs…..

    Snowflake

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as41

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