PropertyInvesting.com | junkyster | Activity https://www.propertyinvesting.com/members/junkyster/activity/ Activity feed for junkyster. Mon, 13 Apr 2026 13:56:54 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 3ca69d3294329ab6d20cbc24642cb186 junkyster replied to the topic Investing for the first time in the forum Help Needed! https://www.propertyinvesting.com/topic/4410480-investing-for-the-first-time/#post-4697868 Fri, 03 Jan 2014 04:32:38 +0000 Terryw wrote:
Above you seemed to say that there was no loan on the CBD apartment. Are you now saying you are going to mortgage the apartment, borrow money and pay out the townhouse? If so you would be shuffling money around with no benefit.

That's what I thought, so the shuffling around is optional. I will just refinance if that was the case…[Read more]

]]> 0533647d9ec31b1365017e9dbb83aa0a junkyster replied to the topic Investing for the first time in the forum Help Needed! https://www.propertyinvesting.com/topic/4410480-investing-for-the-first-time/#post-4697865 Fri, 03 Jan 2014 01:39:19 +0000 Jamie M wrote:
Yep it's possible – just ensure that the bank isn't crossing up your loans. Also, is there a chance that this property could become an IP down the track (your current PPOR I'm talking about)?

Possibly, in a few years time (>3 years). We have thought the current place is sufficient for us – until the family grows again.

]]> 0b6e724cc559ee267f52191393db78d7 junkyster replied to the topic Investing for the first time in the forum Help Needed! https://www.propertyinvesting.com/topic/4410480-investing-for-the-first-time/#post-4697863 Thu, 02 Jan 2014 23:00:15 +0000 Hey guys,
Just spoke to the bank today, they are currently processing the CBD apartment loan. Once approved, I am hoping to pay off the townhouse first.
From here, I could mortgage back the townhouse on an IO loan to start looking for another investment property.

Is this feasible?

Thanks,
JunK

]]> 8cfae55365cd60131c4c855511bec052 junkyster replied to the topic Investing for the first time in the forum Help Needed! https://www.propertyinvesting.com/topic/4410480-investing-for-the-first-time/#post-4697860 Thu, 02 Jan 2014 04:52:34 +0000 Thanks @xdrew, that was the same thoughts I have 2 years ago (with less income and without the 2 kids). I thought this year work out our finances better, and work towards our first investment property!

@TheFinanceShop, yes, definitely change to IO loan when converted to IP – been following that thread as well. The bank approved $435k, so thats…[Read more]

]]>