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.
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
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
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
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]
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
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]
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]
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]
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]
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]
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]
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]
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
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]
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