PropertyInvesting.com | brmiau | Activity https://www.propertyinvesting.com/members/brmiau/activity/ Activity feed for brmiau. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 9fe7ee04d5d9949794c82da2381e1925 brmiau replied to the topic Investment strategy in the forum Help Needed! https://www.propertyinvesting.com/topic/4996686-investment-strategy-2/#post-4996731 Mon, 17 Nov 2014 21:59:09 +0000 I did think it was weird initially that he said I could borrow $280k without LMI but then borrowing 100% of the loan I could get around the $400k mark. What’s the downfall with cross-securitising the loans?

Is there any Mortgage brokers that have experience in investing in property themselves that could help out in more depth? The mortgage…[Read more]

]]> f01552c1233e970305fedcc39febcc4b brmiau started the topic Investment strategy in the forum Help Needed! https://www.propertyinvesting.com/topic/4996686-investment-strategy-2/ Mon, 17 Nov 2014 09:54:14 +0000 Hi,

I’m looking to start investing in property and would like a little guidance. I’ve got the figures for how much I can borrow etc… But unsure which path to take. My mortgage broker says I can borrow $280k without LMI or around $400k plus $30k for LMI and fees with the loan being 100%. That’s based on my wage of $110k, home loan of $245k and…[Read more]

]]> bd7f19c6f3529b669026f1d61f9ad38a brmiau replied to the topic Positive or negative geared property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410117-positive-or-negative-geared-property/page/2/#post-4695387 Sun, 13 Oct 2013 04:50:57 +0000 Does anyone recommend a broker that has achieved these sorts of things in Melbourne?

Even anyone on these forums? I'd like to talk to someone about getting started

]]> b6f8308a4c83bd792ce04be1f9f81d74 brmiau replied to the topic Positive or negative geared property? in the forum Look it probably is pie in https://www.propertyinvesting.com/topic/4410117-positive-or-negative-geared-property/#post-4695385 Sun, 13 Oct 2013 00:05:59 +0000 Look it probably is pie in the sky stuff to be honest, but in saying that I can see how it is achievable. It's not going to happen over night, but in 10 years time it seems very possible. I have purchased books to give me more understanding. 

In reference to the 10 properties, I wouldn't retire on $600 pw less tax, maintainence etc.. The figure…[Read more]

]]> c96c684e4fa30500020d3f254e388c50 brmiau replied to the topic Positive or negative geared property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410117-positive-or-negative-geared-property/#post-4695381 Sat, 12 Oct 2013 02:19:19 +0000 Shape, I definitely need to speak to someone/people who can point me in the right direction. Preferably someone who has done it and succeeded.

i wouldn't be foolish enough to jump right into it with my lack of knowledge.

Anyone recommend someone located in Melbourne?

Also Shape, the properties I looked at are in major regional areas.

]]> e455e5d49b480bd928d91392c75e6b04 brmiau replied to the topic Positive or negative geared property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410117-positive-or-negative-geared-property/#post-4695377 Thu, 10 Oct 2013 09:52:04 +0000 Why does that concern you? It's only to find out how much we can use to invest through equity etc… Then we'll make the call on what we are going to do.

Bad idea?

]]> e8e342cb5aa956b44beee7107f40617f brmiau replied to the topic Positive or negative geared property? in the forum We have $240k left on our https://www.propertyinvesting.com/topic/4410117-positive-or-negative-geared-property/#post-4695374 Thu, 10 Oct 2013 06:56:50 +0000 We have $240k left on our mortgage and the property is worth $440k. So I could tap into the equity. Most properties I've looked at are between $75-$130k so with 10% plus stamp duty so we could buy 3 or 4 I suppose? We are setting up a meeting with our bank to find out exactly the situation. We currently pay double on our repayments for the…[Read more]

]]> e44afd55eb6fb19f66ed1e1308ec0229 brmiau replied to the topic Positive or negative geared property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4410117-positive-or-negative-geared-property/#post-4695372 Thu, 10 Oct 2013 03:53:05 +0000 Catalyst, my goal is the same as yours. Buy lots of CF+ properties and live off the money coming in. Then continue to buy more and more properties.

I might have my head in the clouds I'm not sure. That's what I'd love for me and my family. I'm 28 so I don't expect it to be retired by 30 but 40 could be achievable.

I have searched a lot of…[Read more]

]]> 4af73fad39099855f7600b5448aa3099 brmiau replied to the topic Equity to buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409788-equity-to-buy-investment-property/#post-4693665 Wed, 31 Jul 2013 04:33:04 +0000 Thanks Jamie that's what I thought but someone who is meant to be in the know was telling me otherwise.

I could afford $25k a year but it would be a stretch given my wife is on maternity leave and will ve going back to work 2 days a week next year. Can definitely afford $5 to $15k a year. We currently pay $1k a week toward our mortgage. 

I think…[Read more]

]]> cacd38bc2b4ee1c2bdda4cd20eb0eb58 brmiau replied to the topic Equity to buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4409788-equity-to-buy-investment-property/#post-4693662 Wed, 31 Jul 2013 02:20:44 +0000 Jamie, so does that mean if I purchased an IP for $350k my loan would be the purchase price minus my available equity? Therefor the loan would be $267k for the IP?

Josh, I'd like to be able to buy investment properties and eventually have 5,6,7,10 etc… I know that might not be too realistic but I would like to hold on to them and have lots of…[Read more]

]]> 3fb7c1a6414a3f227246cd512e61171d brmiau replied to the topic Investment properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4407644-investment-properties-4/#post-4677555 Tue, 18 Sep 2012 09:09:09 +0000 nguli that is very true, a lot of things can be done through the internet and email now. I am very green and new to this game and dont really understand much so to talk to someone, even via phone, would be very beneficial for me. Even if its just to get my head around positive/negative gearing (I think I get the basics), whether or not to go…[Read more]

]]> 26d2959854eb15c73c11a2de28fbd41f brmiau replied to the topic Investment properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4407644-investment-properties-4/#post-4677552 Tue, 18 Sep 2012 06:51:06 +0000 Thanks for all the comments.

I've done some more searching and there is quite a few houses/units for sale in the inner western suburbs – Essendon, Aberfeldie, Ascot Vale etc… It might be worth looking into them. Most are around the the $450,000k mark for 2/3 bedrooms, 1 bath and 1 carspace on small land.

We dont have $45k available in cash but…[Read more]

]]> 5c13d24c61926f524b5acd2cd1ed9bf3 brmiau replied to the topic Investment properties in the forum Help Needed! https://www.propertyinvesting.com/topic/4407644-investment-properties-4/#post-4677545 Mon, 17 Sep 2012 09:16:20 +0000 Thanks for the quick responses.

Jamie – No this property will never become an IP. The reason we are thinking about investment properties is once we've paid this house off, or near enough, we think we'll stay here for 25-30 years and have (hopefully) 4+ investment properties. Our other thought was we might pay it off, or near enough, then possibly…[Read more]

]]> c7c2a96b18506f57bd9ca1bd3f50bf95 brmiau replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/page/2/#post-4660062 Tue, 20 Dec 2011 12:51:22 +0000 Ok clearly the term deposit idea isn't a great one.I cant convince my mrs to buy another property yet. She has her mind set on paying off the house or getting it really low, as in $50k and under before we buy some investments. Which I tend to agree with. Buy that stage we'll be 30 and in a good position to start buying investment properties.…[Read more]

]]> 2b6c7f864d53d67a882261e93d66d3d0 brmiau replied to the topic Pay off mortgage or buy investment property? in the forum No we dont plan on living https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/page/2/#post-4660058 Mon, 19 Dec 2011 09:11:37 +0000 No we dont plan on living here forever, but we also dont plan on moving out in 2-3 years. At this stage it would be between 10-15 years, but could possibly be longer and maybe until we are around 50. Or then again, we could pay this off really quick, save up for a couple of years and then buy a nice house in a really nice suburb like…[Read more]

]]> e553d2cffb3ff2feba85f35d01923311 brmiau replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/#post-4660054 Sun, 18 Dec 2011 05:59:47 +0000 You raise some very good points quickchick which we have already considered. And I agree whole heartedly with them.One major factor your not aware of is our income. My wife will not need to go back to work for 6 months after giving birth, and once she is at work, it will only be 2 days a week. In regards to my work, I leave work at 6.30am and…[Read more]

]]> 90b703bf88d3056b8bfb5f0187866f88 brmiau replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/#post-4660052 Sun, 18 Dec 2011 04:53:35 +0000 Thank you! When I typed "hopefully" thats what I was referring to. Having kids soon. But I earn quite a good base plus plenty of overtime, and the wife to be earns a decent wage too. I basically wanna set us up so that when we are 50 or so we are on absolute easy street. IE, 3/4/5 investment properties paid off as well as our house.Who kn…[Read more]

]]> 9c3ac8ea311a849db9f3b2d3d706e103 brmiau replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/#post-4660049 Sat, 17 Dec 2011 12:34:32 +0000 Hrmmm…. it may be a floored plan then i spose.We are going to try to pay $1400 (hopefully) a week off our loan as of march. Lots of stuff inbetween like our wedding and honeymoon. The US for 4 weeks, cant wait!! Anyway, that means the house will be payed off in just under 5 years. Meaning we'll be 31. We could wait until its paid off, or only a…[Read more]

]]> 097d02f49af5caacba3ea045957f8b0e brmiau replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/#post-4660043 Tue, 13 Dec 2011 09:27:56 +0000 Thanks again for all the info.

Have done some calculations with a compounding interest calculator online and it seems thats the way where going to go.

Pay off the mortgage by 34, continue to pay $1000 a week into a compounding interest account. By the time we’re 55 we’ll have $2,200,000 in the bank earning approx $110,000 a year off that. Or I…[Read more]

]]> 22ab13dd7a23bf2892ecb25c8bec8ca0 brmiau replied to the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/#post-4660041 Fri, 09 Dec 2011 12:46:38 +0000 Thanks for all the responses peeps.I dont know what a CF+ house is but I think we'll prob just concentrate on paying of the mortgage quickly, then keep paying $1000 a week into the bank and retire at 55 with $1,200,000 in the bank and earning around $80k a year interest off that.Hopefully.

]]> fcdcbb1b6e999e273ffd481f101d28e7 brmiau started the topic Pay off mortgage or buy investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405362-pay-off-mortgage-or-buy-investment-property/ Tue, 06 Dec 2011 08:59:02 +0000 Hi there,Not sure if its been done, but we have just built a new house in outer western Melbourne and are paying $1000 a week off our mortgage of $320k. If we keep that up (which there is no reason we wont), the house will be payed off in 7 years and we will both be 34 years old. The base payments are $485 per week.We are debating whether to…[Read more]

]]>