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booge

  • booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! 12 years, 1 month ago

    Cheers, thanks Richard for the tip. In your opinion is refinancing on the remaining loan amount $169K as a 25 year interest only a better idea to free up cash flow? That was what my intention was. As opposed to just making my current mortgage of $204K an interest only loan?

  • booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! 12 years, 1 month ago

    I’d always assumed that paying down all debt was better. I was checking out the Chan-Naylor website, I think i may have to see them for the right advice.

    Anyone here used their services?

  • booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! 12 years, 1 month ago

    The IP is purely in my name from before i met my wife. Haven’t refinanced yet, meeting with Mortgage broker next week to discuss. The original loan was for $202K(30 year loan), now i owe $169K and was thinking of refinancing (25 year loan) so my fortnightly repayments are less.

    Any advice would be appreciated prior to meeting the broker!

  • booge replied to the topic HOW PLANNING WILL HELP YOU SUCCEED in the forum Help Needed! 12 years, 1 month ago

    I agree with having a plan, I don’t have one though. Where do you start? I say the usual, “I want money so I don’t have to work if i don’t want to”.

    I’ve always thought about writing down a plan, but have no idea how to REALLY go about it, because I don’t know enough about how to get there.

  • booge replied to the topic Put extra $ into PPOR or IP? in the forum Help Needed! 12 years, 1 month ago

    Forgive my ignorance, but how come?

  • booge replied to the topic CGT on property in the forum Help Needed! 12 years, 2 months ago

    If i was to “move back in” to the investment property, does the taxman put time frames on how long you need to be there to avoid tax?

  • booge replied to the topic Am I too much of a loan risk? in the forum Help Needed! 12 years, 3 months ago

    Probably good advice, the house will be chaotic for a while until we sort ourselves out.

  • booge replied to the topic Is it possible to buy multiple IP’s without creating a trust? in the forum Help Needed! 12 years, 3 months ago

    I know there’s the asset protection reasons, tax reasons (which I’m still trying to understand!). I did hear the the Federal Government will be introducing tax laws that will target trusts now.

  • booge replied to the topic Should I use property investment advisors? in the forum Help Needed! 12 years, 3 months ago

    Another lesson learned. Thanks

  • booge replied to the topic Should I use property investment advisors? in the forum Help Needed! 12 years, 3 months ago

    I’ll be doing that. If anyone has a decent accountant that excels with property stuff please let me know.

  • booge replied to the topic Should I use property investment advisors? in the forum Help Needed! 12 years, 3 months ago

    I had some email correspondence with a mortgage broker. Not the news i was after, although i take it with a grain of salt, Based on a brief questionnaire online I was told he doesn’t think it’s possible to buy an investment property. However……what wasn’t discussed was loan options, changing my current loan to interest only etc etc. I’ve…[Read more]

  • booge replied to the topic Equity question – sorry for sounding dumb! in the forum Income around 75K, looking 12 years, 3 months ago

    Income around 75K, looking at rural investment properties in Victoria. Seem fairly good investments from what I’ve found so far. Many good houses for around the $200K mark which is what sparked my interest in the equity question.

  • booge replied to the topic Should I use property investment advisors? in the forum Help Needed! 12 years, 3 months ago

    Many thanks for the reply. I’m not financially minded at all ! I used Mortgage choice to help with my first mortgage, I’m not sure how specialised they in arranging finances effectively to minimise risk. Would more of a freelance mortgage broker be a better option?

booge

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