Yep, the finance section has quite a few goodies.

larrytheinvestor wrote:
Can i ask what sort of properties do you go for? Do you aim to purchase cashflow positive properties or do you aim to renovate the property to make it cahsflow positive or do you just aim to fix it up and sell it for profit using rent to lessen the amount you have to pay on the loan?

Hi LarryI'm a bit greedy. I tend to…[Read more]

Head over to Gagebrook – you should be able to buy two or three for that price http://www.allhomes.com.au recently started listing Tassie properties. You could suss out the prices of Hobart suburbs using this website (it's a nice and easy website to navigate – us Canberrans love it).Here are some recent threads on Tassie as…[Read more]

Priz7780 wrote:
Hi all, I'm very new to this site and i hope that someone can help me. We built a house and moved in about 1 year ago. I now hate the area we are in due to several factors. I'm now faced with a dilemna : to sell or not to sell. Friends have advised to keep the property and make it an investment property. I'm worried that we do…[Read more]

fWord wrote:
Could anyone advise on this?

I know where you're coming from. We self manage the ones that are close by and outsource the management on those that aren't.This is where it's extremely important to have a good property manager on board. I usually seek advice for good PMs via forums like this, from investors I know that are wit…[Read more]

Hi EuroI didn't pick up that it was an NRAS deal – thanks for pointing out.

larrytheinvestor wrote:
thanks, so there are rental properties that would produce positive cashflow (ie pay for themselves) ?? are they hard to find? Why would the tenant not just take a loan out on the house if the amount of rent will cover the loan??? Sorry about the newbie questions but im new to this.

Don't apologise for the questions -…[Read more]

Hi LarryWelcome to the forum.If the rent coming in exceeds the mortgage repayments (which are generally interest only on an investment property) plus holding costs (rates, management fees, etc) then the property is considered cashflow positive.If the rent coming in is less then the mortgage repayments and holding costs then the property…[Read more]

euro73 wrote:
PS – no need to cross, if you have enough equity in another property to provide 20% plus costs.  You would simply add a new split to your existing mortgage, for 20% plus costs. Set it up Interest Only , as its being used for investment purposes. You would then get a stand alone NRAS investment loan with one of the lenders I've…[Read more]

redcake wrote:
I get the impression there are other people out there, like me, who want to start investing, but have many more questions and not enough answers, and also, no one to help them.

Hi RedcakeWelcome to the forum.You've come to the right place. There's a wealth of info and plenty of experienced investors on here that are always…[Read more]

Hi NurseI can't speak for that person but do you know if they are investors themselves? Do they understand how to structure finances correctly for ownership of multiple properties? These are some of the main advantages and value add of using an independent mortgage broker that does understand these factors and does invest in property themselves.

Terryw wrote:
Never use redraw. It is more dangerous than nude skydiving.

Haha, nice. Do you mind if I use that one with my clients? Might splash it accross my website.

Hi JacquiI'm using Ray White at the moment – the new property manager within Ray White that's taking care of my IP is doing a great job. The one that looked after it before wasn't so good. I was thinking of changing to the Professionals but everything seems to be ok now.

Hi NurseNot wanting so sound unhelpful but the good ANZ banker that you recommended in another post should be able to help you out here – that's what he or she are being paid for. If they're not answering your questions or you suspect that they're not structuring the deal correctly then it might be best to seek advice from an independent mortgage…[Read more]

You can have your wife as a borrower on the application but have the ownership split as tenants in common.

Hi AjayI haven't got any specific advice on Tamworth but would be very interested to hear your thoughts on the place (particularly in comparison to Wagga) when you return. These were two regional places that I looked into last year but ended up going with Wagga.Best of luckJamie

They set themselves a goal and reached it – good on them I reckon.

Hi AlanWelcome to the forum.Only you can answer that question. Look at how much it costs to hold your IP at present and how much your new mortgage repayments will be. Combine those expenses with your living expenses and work out what you have left over.Are there any ways you can improve the cashflow from your IP? Is your IP loan currently…[Read more]

Hi NikkiWelcome to the forum.I'm not sure of your financial situation but have you considered accessing the equity in the property to fund the purchase of the investment properties? It's hard to comment whether it's a viable/good option without knowing the numbers however.CheersJamie

Hi JacAre your Wagga IPs in any of the areas mentioned above? How have they been performing? Can you recommend a good property manager?CheersJamie