PropertyInvesting.com | mickm007 | Activity https://www.propertyinvesting.com/members/mickm007/activity/ Activity feed for mickm007. Tue, 14 Apr 2026 21:21:44 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1f5ab713ed5b662b7ba7d9e481686bf7 mickm007 replied to the topic Do I turn my PPOR into an IP or sell up and get a bigger house with sub div potential - plus other tricky things :) in the forum Hi Jamie,What other https://www.propertyinvesting.com/topic/4407233-do-i-turn-my-ppor-into-an-ip-or-sell-up-and-get-a-bigger-house-with-sub-div-potential-plus-other-tricky-things/#post-4674457 Fri, 27 Jul 2012 13:06:48 +0000 Hi Jamie,What other information would you like? Also your opinion on weather we keep our current home and buy a modest 4 bedroom house(around 400-500k). Or Sell our home and move into a bigger and better place (around 660K) your opinion would be valued.CheersMick

]]> c83bd69dbb3e1471ea3139457a4083e3 mickm007 replied to the topic Do I turn my PPOR into an IP or sell up and get a bigger house with sub div potential - plus other tricky things :) in the forum Help Needed! https://www.propertyinvesting.com/topic/4407233-do-i-turn-my-ppor-into-an-ip-or-sell-up-and-get-a-bigger-house-with-sub-div-potential-plus-other-tricky-things/#post-4674455 Thu, 26 Jul 2012 03:14:04 +0000 Thanks Jamie,

At the moment we have great serviceability, as two incomes (170k+) and a 310K loan. It’s what’s going to happen in 7 months when we go back onto one wage….

I was thinking I may be stuck with ANZ (worse things could happen) as I have locked in 150k with two years to run on it the break costs would be huge….

]]> cce7dc40a99b33adde5b767a58e79ed2 mickm007 replied to the topic Do I turn my PPOR into an IP or sell up and get a bigger house with sub div potential - plus other tricky things :) in the forum Help Needed! https://www.propertyinvesting.com/topic/4407233-do-i-turn-my-ppor-into-an-ip-or-sell-up-and-get-a-bigger-house-with-sub-div-potential-plus-other-tricky-things/#post-4674453 Thu, 26 Jul 2012 00:29:48 +0000 Thanks for the reply guys,

Servicing the loan will be tough but not impossible for the first year, then two wages and back into the swing….

I will be doing something in the next few months either buying a 4 bedroom house and keeping the current 3 bedroom home as IP, or selling the 3 bedroom home and upgrading the family Home.

Also locked into…[Read more]

]]> 8d108a3b1f56b4a86c517e418f04c1cf mickm007 replied to the topic Best way to property develop with parents in the forum Thanks Terry, At this stage https://www.propertyinvesting.com/topic/4405964-best-way-to-property-develop-with-parents/#post-4664466 Mon, 27 Feb 2012 11:49:29 +0000 Thanks Terry,At this stage we could do the finance in either name and then split the profit/tax at the end of the deal

]]> ef795d9caea3f5e82457e10a9177abee mickm007 replied to the topic Buying our 1st investment in this market?? Educated risk or silly move?? Help required in the forum Help Needed! https://www.propertyinvesting.com/topic/4404986-buying-our-1st-investment-in-this-market-educated-risk-or-silly-move-help-required/#post-4657541 Tue, 18 Oct 2011 11:09:39 +0000 Again thanks the the replys guys!The property development by the wife's folks is literally the first time they will be doing it…. But they have the advantage of both working within the building/property area, so without trying to sound like a 'user' their risk will be my gain, and if is does not come about then I will move on to another area…[Read more]

]]> 81d63a9746c925ed374232d7aaa983f8 mickm007 replied to the topic Buying our 1st investment in this market?? Educated risk or silly move?? Help required in the forum Help Needed! https://www.propertyinvesting.com/topic/4404986-buying-our-1st-investment-in-this-market-educated-risk-or-silly-move-help-required/#post-4657537 Mon, 17 Oct 2011 12:57:00 +0000 Thanks for the replys guys!To answer your questions-We are both 30 years old, kids are 3 and 1 Job stabilty is very good, I am in an industry with skills shortage and my wife is a teacher (recession proof).Retirement?? I'm only 30 lol!! Still got a good 5-10 years before this investment property adventure sets me up lol!!! Realalistically love to…[Read more]

]]> c4309e061a7218037a18d222934d4b2f mickm007 replied to the topic Am I in a position to buy our first investment property? in the forum Help Needed! https://www.propertyinvesting.com/topic/4400912-am-i-in-a-position-to-buy-our-first-investment-property/#post-4630056 Thu, 19 Aug 2010 03:21:16 +0000 Thanks for the replies so far guys, this will be number two so the 'adjustment' of having kids is part way there. With the median price going up 30% in the past year, do you think holding off will be OK. We are just worried that we will not be able to get a house anywhere (outside of outer suburbs) for less then 450 in 6-12 months time. Even…[Read more]

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