PropertyInvesting.com | jwareham1985 | Activity https://www.propertyinvesting.com/members/jwareham1985/activity/ Activity feed for jwareham1985. Wed, 15 Apr 2026 22:32:50 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0bdb94ae259a539a38d3f4475ce58e68 jwareham1985 replied to the topic To buy or not to buy!? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991146-to-buy-or-not-to-buy-10/#post-4991159 Thu, 29 May 2014 23:51:06 +0000 Thanks Jamie M and BigVman.

Jamie thanks for clearing the equity part up for me. I currently have 40k, next month I will have 50k, the month after I will have 60k. My salary for the next year and a bit at least will be just over 200k but it won’t be that forever unfortunately, so my goal is to try and get a head start while I can and then once I…[Read more]

]]> e84e1c6c147076f9894b9591debe8af8 jwareham1985 started the topic To buy or not to buy!? in the forum Help Needed! https://www.propertyinvesting.com/topic/4991146-to-buy-or-not-to-buy-10/ Thu, 29 May 2014 19:00:44 +0000 Hi guys, a bit of newbie here but we all start somewhere.

I brought my first property a yr ago for 560k in Richmond, Vic. 2 bed, 2 bath apartment. I have just changed my mortgage to IO. I have 510k owing on my mortgage and have 40k in my offset account. I’m wanting to buy another property now, not sure weather to buy an apartment or house as I…[Read more]

]]> 131d8c91fabcb8f738f4a5ebd7b3e48e jwareham1985 replied to the topic fd in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4410316-fd/#post-4696647 Fri, 03 Jan 2014 07:10:50 +0000 Hari17 Did you find an accountant or contact house of wealth at all??

Cheers

]]> 0f8cc2d1dd0ec27d7ecd316d8b6e9017 jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/page/2/#post-4697827 Thu, 02 Jan 2014 11:57:06 +0000 Loving the information guys, keep it coming.

Shahin you suggested earlier that I should sit down with someone to have a more in depth chat to about this, Is there anyone that you guys can suggest me to sit down and have a more in depth chat to that's based in Melbourne? Preferably for a cheap fee rather than too expensive?

]]> 143a02bacdb4d2f501d7ed00860c3d63 jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/page/2/#post-4697821 Thu, 02 Jan 2014 05:28:16 +0000 Thanks Benny,

Yes growing my RE portfolio is my main goal and dream. I didn't actually know the banks would lend you that much, i have always been under the impression that you would need at least a 10% deposit as a minimum. Will all major banks lend up to 100% of the property? and is there a certain criteria that needs to be met in order to lend…[Read more]

]]> 804a35f414765bd4f11896e98f42dab0 jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/#post-4697818 Thu, 02 Jan 2014 04:45:32 +0000 No its not new, its 5yrs old. We brought it just after the FHOG finished and changed to a new home/apartment owners grant, so we got a 40% reduction in stamp duty instead which actually benefited us as the FHOG was only 7k and the 40% duty reduction saved us about 11k.

Also does this mean when i go to purchase my next property ill not only need…[Read more]

]]> ca37e0f1d15ee1a77155851e587cfa4d jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/#post-4697815 Thu, 02 Jan 2014 04:08:06 +0000 Sorry i meant first 12 months?

]]> a038c7d5ba45c179b810c3fff1f10d80 jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/#post-4697814 Thu, 02 Jan 2014 03:59:02 +0000 My current home loan is with the NAB with an offset account attached to it. I had 20k in it last week but thought it would have been a good idea to dump 10k of it onto the mortgage. Probably wasn't the best thing to do now ive spoken about this a bit more.

Scott, dont i have to live in my current PPOR for the first 6 months before i rent it out…[Read more]

]]> 77698922bde42ec05ab28a19120b140a jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/#post-4697810 Wed, 01 Jan 2014 15:41:19 +0000 Thanks for your help guys, I really appreciate it, sorry about the thousand questions. I'll make sure I call my bank tomorrow and organise it.

Cheers,

John

]]> 4b2784d7c0b23196f9f82d2f345fabdd jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/#post-4697807 Wed, 01 Jan 2014 12:21:24 +0000 Yes i am going to turn the property into an IP this year at some stage once i figure out my next move, where to buy, how much deposit i will need to save up, how much to put aside for the dreaded stamp duty, LMI etc.

So if i change my loan to an IO once the time comes, and after say 5 years i decide that i would like to continue to keep the IP,…[Read more]

]]> c5cfa6b1c259a525f909aef4525f4f27 jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/#post-4697804 Wed, 01 Jan 2014 11:38:54 +0000 Ok I understand that now, thanks for taking the time to explain that.

But one question i have in regards to converting the IP to an interest only loan, besides using that option for negative gearing purposes, if i am wanting to hold onto this property for longer than 5-10 years wouldn't an interest only loan only benefit me if i am wanting to…[Read more]

]]> c19e5b8cd1e8b68965417f0fd60abb76 jwareham1985 replied to the topic Investment dilemma in the forum Help Needed! https://www.propertyinvesting.com/topic/4410476-investment-dilemma/#post-4697802 Wed, 01 Jan 2014 11:03:12 +0000 Thanks for your reply Shahin,

Im still pretty naive with the whole interest only thing and dont really understand why i would keep the principle of the loan as high as possible. Obviously being so new to the whole real estate game i have a long way to go, but i really appreciate your feedback.

If you care to elaborate a bit more on the topic…[Read more]

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