Total Members: 158,088

bla0018

  • bla0018 replied to the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    And yes if I move in it after settlement for 12 months it’s seen as my ppor and I prove this then I can sell in 6 years without CGT but Thats not part of my plan at all

  • bla0018 replied to the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    I’m not telling the ato anything I’m applying for first home owners grant because I’m eligible just because I purchase a investment property dosnt mean I can’t change my mind and decide to live in it hence why I can grant and stamp duty reduction.

  • bla0018 replied to the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    Thanks terry I’ll do that

    And Richard in terms of your question I can’t service the loan hence using investment loan to increase borrowing capacity and once ive settled I’m moving into it and applying for first home owners grant

  • bla0018 replied to the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    He’s got around 120k available as a redraw can he access those funds even though he’s used that in congonjuction with the value of the property as security after the loan is settled?

    Because if yes I will give him 20k so it increases his equity and I will not contribute anything to the house

  • bla0018 replied to the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    I don’t really know how else to explain it,

  • bla0018 replied to the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    I can’t afford to service the loan myself so we are going with an investment loan and using a Garentor because 20k isn’t enough for the deposit.
    This property will eventually be an investment property after I live in it for a year so a 100% loan would be ideal and bring the lvr down using property growth eventually removing my dad as Garentor

  • bla0018 replied to the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    Apparently there’s isn’t enough equity

  • bla0018 started the topic Garentor question in the forum Help Needed! 7 years, 4 months ago

    Hi all
    For the experts out there just have a few questions.

    My dad is going to be my garentor for my loan im going with westpac because he’s self employed and dosnt have much income on paper. Westpac don’t assess his income and won’t refinance his home.

    His property is worth 430k and he has 220k on the loan.

    My broker says that I will need…[Read more]

  • bla0018 replied to the topic Trying to buy a house in the forum Help Needed! 7 years, 5 months ago

    At this state we are completely seperate no joint accounts addresses are seperate. We both live with our parents. So we should be fine in that sense we are located in Melbourne.
    If I went on the loan then yes we are ineligible

    I’ve talked to many brokers just needing some direction from experienced members

  • bla0018 replied to the topic Trying to buy a house in the forum Help Needed! 7 years, 5 months ago

    We were told to do and investment loan and take the money from the parents to pay the higher deposit then apply for the first home owners grant after 11 months and live with her parents till then Which again I don’t really want to do I don’t want to bring up a baby in the parents house.
    I could just move into one of my investment properties once…[Read more]

  • bla0018 started the topic Trying to buy a house in the forum Help Needed! 7 years, 5 months ago

    Hey guys any help would be greatly appreciated

    Just trying to get some guidance.
    So my girlfriend is trying to buy her first house and claim first home owners grant.
    I’ve already used my grant so I can’t go on the loan other ways we loose the grant. We have got a baby on the way due May next year so I’m trying to get a house sorted before we…[Read more]

  • bla0018 started the topic Want to hear from property investment consultants in the forum General Property 7 years, 8 months ago

    Hi
    Just wanting to hear from anyone working as a property investment consultant.
    I’m currently working as a 4 year electrical apprentice and have come to the realisation that this career isnt for me.
    I’ve been extremely passionate about property for a while now since 18 (now 23) having bought 2 investment properties.
    Was thinking of doing a…[Read more]

  • bla0018 replied to the topic Advice in the forum Help Needed! 7 years, 10 months ago

    Wow I don’t know what to say please don’t apologise I’m shocked at how much time you have taken to give me some advise. What I have found in this industry is there are not many people willing to give advise without some angle but you seem to be the very few that is genuine thank you so much I’m happy to take advise and learn from people such as…[Read more]

  • bla0018 replied to the topic Advice in the forum Help Needed! 7 years, 10 months ago

    Thank you so much for taking the time to respond

    Firstly I must add I have tried my best to research as much as possible before making decisions.

    I have been looking at sunshine for a while and also I work in the area so I have been seeing first hand the infrastructure and growth taking place it’s close to the cbd being just 10 mins away has…[Read more]

  • bla0018 started the topic Advice in the forum Help Needed! 7 years, 10 months ago

    Hey guys
    Just wanted some opinions
    currently have a property which I purchased when I was 20 (now 23) I have just refinanced that property and going to purchase in Queensland pretty soon. (banks letting me borrow another 24k, originally purchased the house for 290k now worth 380k bank val came in at 340k so 24k + 40k in cash saved up)

    The house…[Read more]

  • bla0018 started the topic Queensland hot spots in the forum Help Needed! 7 years, 10 months ago

    Hey guys
    Would love some insight or opinions.
    Wanting to get my 2nd investment property looking to invest in qld I currently live in Melbourne and don’t really know much about Queensland.
    Was going to employ a buyers agent.
    Trying to get within 30mins to an hour of Brisbane cbd mainly looking for good growth. Was looking at Darra but I’m also…[Read more]

  • bla0018 started the topic Recommendation on a good broker and buyers agent in the forum Help Needed! 8 years ago

    Hi guys
    Just want some recommendations on good brokers that specialise investment property loans main concern is equity release.

    Also a good buyers agent that know the property investment scene in Queensland

    Regards

  • bla0018 started the topic binvested in the forum Help Needed! 8 years ago

    hey guys
    just wanted some advice of guys on here as I always do before making any decisions.
    looking at getting involved with binvested for next property they charge 9900 to source a property but they want money up front. Now I have cash but need an equity release but they seem to say to pay the fee and if I don’t get the equity release they will…[Read more]

  • bla0018 replied to the topic good mortgage broker in the forum Help Needed! 8 years, 5 months ago

    It was more for piece of mind but I’m open to the idea depending on how good the broker is

  • bla0018 started the topic good mortgage broker in the forum Help Needed! 8 years, 5 months ago

    Hi was wanting to know if anyone can recommend me a good mortgage broker located in Victoria

    Thanks in advanced

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