Jpcashflow replied to the topic Question for everyone. What would you do with 125k? in the forum Help Needed! 5 years, 7 months ago
I think the question is what do you want to achieve for your self and work it out from there:
I think this is a really good topic.. I am no expert but my business partner and I just purchased our first ever multi unit site.
We were looking for at least two months before we made our first purchase:
I thought it might be a good idea to provide you with some points on why we bought this property and not others, I am sure there…[Read more]
A few clients of mine live in wallan
I thought I would ask them some questions for you…
1) insurance premiums are flying through the roof.
2) council rates have been increasing
But in saying that the demand in the area for both rental and purchase is going strong.
If you need anything please let me know
It all depends on a few factors and by the way good question.
Setting up your portfolio to meet your goals is essential.
Have you talked to your broker yet about what you want to achieve?
You might be doing more damage then good, applying with a different lender again.
I strongly recommended getting in touch with a mortgage broker you fill comfortable with and don’t waste time or damage your credit score more by hitting banks.
Jacm has pointed out some very god points…..
Firstly: Depending on how your IP is set up, you may want to look at shifting the loan to interest only.
I think its essential you look at the right structure not just from a taxation point of view but also from a loan point of view.
More then happy to help if needed :)….
I have heard of a few people who have this program or attended the seminar
To be honest in my optionin
Any venture takes time to grow and allot of planning needs to take place
If your looking to make extra cash ask your self this:
1) how much time do you have
2) there has to be something more to drive you apart from the extra money…[Read more]
Jpcashflow replied to the topic Need bigger place to live in. What to do with my PPOR? in the forum Help Needed! 5 years, 9 months ago
Not a bad idea at all….
I sold a ppor of mine and I coukd never look back. The prices have crept up but in return I paid no tax I have pretty much paud off the house im in
Jpcashflow replied to the topic BUILDING A HOUSE ON THE BACK OF A BLOCK. SPLITTER. PLANS APPROVED in the forum Creative Investing 5 years, 9 months ago
What state are you in?
Maybe a good idea to talk to a builder
Renting the house out while another is being built maybe a bit tricky
Hi Tom 123.
Really good Question…
Like anything there is always pros and cons… and it also comes down to what you are comfortable with.
For me personally, I only like to borrow up to 80%… at a time..
Give you a bit of room if things get tight out there.
What area are you looking at buying in?
Jpcashflow replied to the topic The ageing population…. Will there be enough buyers in the future? in the forum General Property 5 years, 9 months ago
Interesting but have a think of this…
This is already happening know but if you look at demographics there also changing.
More and more people are moving out into a home by them selves.
But in all essence, investing is never easy and only a few handful make real money!!!
I bought a i settled on a property which was bought way under market value.
Jpcashflow replied to the topic Valuation done on my new investment property is higher than my purchase price? in the forum Help Needed! 5 years, 9 months ago
Rates are not everything!!!
Especially with a tight dead line in place
Jpcashflow replied to the topic How best to structure investment property partnership and finances? in the forum Help Needed! 5 years, 9 months ago
Fantastic the two areas you are looking at are fantastic.
There is some good material on this forum… I have done a couple if these projects in the past.
The way I made some coin was by buying the property under market value.
The renovations helped me attract more buyers but still money was made from buying undervale.
if you want to have a…[Read more]
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