Total Members: 158,662

chetnik73

  • chetnik73 started the topic Duplex build. Loan advice needed. in the forum Help Needed! 4 years ago

    Hi All

    We are a couple looking to build a duplex on our block with the aim of one being our PPOR and one being an investment for the kids.

    What do people suggest as a correct loan structure for such a project? PPOR P&I and investment as Interest only?

    Also does the below project sound feasible? Our details below

    Current house and land valued…[Read more]

  • chetnik73 started the topic Duplex build. Loan advice needed. in the forum Help Needed! 4 years ago

    Hi All

    Firstly, apologies if i break any posting rules but am new to forum.

    We are a couple looking to build a duplex on our block with the aim of one being our PPOR and one being an investment for the kids.

    What do people suggest as a correct loan structure for such a project? PPOR P&I and investment as Interest only?

    Also does the project…[Read more]

  • chetnik73 started the topic How can I get a non cross collaterised loan? in the forum Help Needed! 7 years, 3 months ago

    Hi All

    Relatively new to this so bear with me.

    I’m looking to add to my first investment property by using existing equity. We have an IP that is probably valued at about 120k over what we purchased it for. Also our PPOR has about 700k in equity.

    My question is what do I need to do to draw a loan for another IP purchase and how can I avoid…[Read more]

  • chetnik73 replied to the topic Buy a PPOR and a 2nd IP. Possible? in the forum Help Needed! 10 years, 5 months ago

    Hi Qlds007

    Thanks for the response.

    Not sure why i would secure the sub loan against the PPOR. 

    As we haven't yet purchased the PPOR, would it not be more beneficial to draw down the equity from our IP instead?

    Given we are trying to put as much deposit as we can against our PPOR, I'd like an option that means no extra money directly out of…[Read more]

  • chetnik73 replied to the topic Buyers Agents Reviews in the forum Help Needed! 10 years, 7 months ago

    Sorry to bring back a thread from the dead, but was wondering if anybody had a more recent experience with Vicki Small from sydney buyers agents.

    Also can somebody give a realistic expereince of using a BA in a heated market like we have currently and what (if any) benefit this provided to them.

    Thanks

  • chetnik73 replied to the topic PPOR purchase to offset or not? in the forum Finance 11 years ago

    Sorry couldn't see the link to the article? Can you please resend or PM me

  • chetnik73 replied to the topic PPOR purchase to offset or not? in the forum Finance 11 years ago

    Hi

    Yes the goal is to pay it off as quickly as possible. But I am interested in the option of it becoming an IP as it is not likely to be our last home.

    We are looking for a property for 800K. What I am trying to find out is it is better to get a loan for 800k and leave 250 in offset (assuming stamp duty and reno costs) and pay IO, or a 550k P&I…[Read more]

  • chetnik73 replied to the topic PPOR purchase to offset or not? in the forum Finance 11 years ago

    Bump.

    Still looking for a calculator which can show me the benefit of IO with an offsett ac as opposed to P&I payments.

    Any links ?

  • chetnik73 replied to the topic Stephen Tolle & Cherie Barber workshop in the forum Value Adding 13 years, 4 months ago

    HiDoes anybody have their DVD's that they would be willing to sell cheaply to another investor.PM me with a price !

  • chetnik73 replied to the topic Sydney Terrace Reno for an IP in the forum Help Needed! 15 years, 4 months ago

    Hi RichardHappy to chat further. Please drop me a PM

  • chetnik73 replied to the topic Sydney Terrace Reno for an IP in the forum Help Needed! 15 years, 4 months ago

    Nope, we live pretty modestly. I think his thinking was that we didnt have enough deposit for both an IP and an expensive say 500-600k sydney house.My thinking was that with current interest rates we could lock away an almost cash neutral IP and then concentrate on our own home. Fixed interest loan would be close enough we think for the rent to…[Read more]

  • chetnik73 replied to the topic Should I buy a PPOR and turn it to an IP ? in the forum Help Needed! 15 years, 4 months ago

    Thanks freelance2020. Any ideas on this as a strategy though?We are a young couple with one IP currently. We would love to buy another IP whilst rates are low and lock in a fixed term for three years just to see what would happen, then decide in three years if we hold or sell. Out of pocket expense would be minimal. Only problem is that we also…[Read more]

  • Sorry call me cynical but it is strange to get recommendations to such an old post from people who have had only 1 post. Care to expand on the details of your purchase and the deal you got from the brokers ?

  • chetnik73 replied to the topic Can reno’s make money or does stamp duty negate any gains? in the forum Help Needed! 15 years, 7 months ago

    hbbehrendorff wrote:
    There will be such awesome deals coming in the future,  It really is very excite,  I can't wait.You will be able to buy good homes for 200k,  land for less then 100k,  Office Blocks will be reduced a few hundred thousand and you will be able to buy shopping centres for only 1 mil.If you really want to make money now you sho…[Read more]

  • chetnik73 replied to the topic Can reno’s make money or does stamp duty negate any gains? in the forum Help Needed! 15 years, 7 months ago

    Thanks Crashy, I appreciate the hopen and honest advice. Too often on the forums people spam/abuse others for simply trying to learn something. All the responses are great and I am thinking my strategy through carefully

  • chetnik73 replied to the topic Can reno’s make money or does stamp duty negate any gains? in the forum Help Needed! 15 years, 7 months ago

    I try to do a $100k reno for $25k. I only buy from desperate sellers, and I add square footage to the living area somehow. If you don't mind me asking, what is your tip/s to do this?

  • chetnik73 replied to the topic Chan and Naylor accountants in the forum General Property 15 years, 8 months ago

    Apologies for mis-quoting but it was Paul Keating who once said ' The only thing that you can bet on is self promotion'.

  • chetnik73 replied to the topic Can I claim interest ? in the forum thanks guys I appreciate the 16 years, 6 months ago

    thanks guys I appreciate the advice

  • chetnik73 replied to the topic Is cash flow positive possible using a buyers agent ????? in the forum Help Needed! 16 years, 11 months ago

    Did I ask a stupid question or has nobody had any sucess in getting a buyers agent to source them a cashflow positive property.if so, any websites addresses would be appreciated

  • chetnik73 replied to the topic Help with Depreciation in the forum Help Needed! 16 years, 11 months ago

    Hi guys can you please start a new thread for your discussion about cost of surveyors etc. I keep getting post notifications and it is off topic.Thanks

  • Load More

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