PropertyInvesting.com | Chris Verbeck | Activity https://www.propertyinvesting.com/members/chris-verbeck/activity/ Activity feed for Chris Verbeck. Wed, 15 Apr 2026 02:53:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0f38ed228d1e8f247ee81767f7380cb9 Chris Verbeck replied to the topic 2nd IP structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4405427-2nd-ip-structure/#post-4660557 Sun, 18 Dec 2011 12:04:34 +0000 Rudra,

Yea Dazza the numbers above work for new purchases not refinancing.

For your situation Rudra I think it comes down to your confidence in the property market, if you want to leverage up then pay the LMI and potentially buy multiple properties. Also consider your serivcability of the loans, as they are not positively geared.

Personally I…[Read more]

]]> ed4f46a2fd36d5628364ca165058aff1 Chris Verbeck replied to the topic 2nd IP structure in the forum Help Needed! https://www.propertyinvesting.com/topic/4405427-2nd-ip-structure/#post-4660554 Sun, 18 Dec 2011 03:27:09 +0000 Hey Rudra,

Here are some comparisons between a 95% LVR and 80% LVR, based on the following assumptions:

– Purchase Price $230,000
– Loan of 6.8%, interest only, over 30 years
– Rental Return $320 pw (assume 1 week of vacancy per year)
– In Victoria
– Purchase costs include loan application fee, stamp duty, LMI, building/pest inspection, legal…[Read more]

]]> 0075b0bdccc202674198cacfb96267a6 Chris Verbeck 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-4660051 Sun, 18 Dec 2011 02:54:17 +0000 Making extra repayments on your mortgage will give you a return equal to your interest rate (rate charged by lender e.g. 7%).

If you are buying an investment property with the aim of it being cash-flow positive, work out the total purchase costs and ongoing expenses, use these costs along with market rent for that property to work out if your…[Read more]

]]> 86332b7644b25efd9dc3a4add9845714 Chris Verbeck replied to the topic Mortgage Broker - help needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4405394-mortgage-broker-help-needed/#post-4660291 Mon, 12 Dec 2011 08:25:04 +0000 If you can’t show the bank you have evidence of “genuine savings’ (your bank account going up each month) they may find it hard to lend you money as they fear you won’t be able to service the loan.

I would suggest paying off the credit card asap, then buying an investment property afterward.

If you are likely to pay off your credit card debt in…[Read more]

]]> e495727c6e26aa42daf7c860128765ec Chris Verbeck replied to the topic What is a good investment strategy? in the forum Help Needed! https://www.propertyinvesting.com/topic/4405380-what-is-a-good-investment-strategy/#post-4660155 Mon, 12 Dec 2011 08:15:56 +0000 One of the big challenges for most people is saving up the required deposit/purchase costs for each property.

Say you were buying a $300,000 in QLD on a 5% deposit. It would cost you approx. $33,000 (inc, government costs, lender costs and building & pest inspections). Work out how much you can save per year to get a rough estimate of how many…[Read more]

]]>