First of all – congratulations on buying your first home. By the sound of it, your purchase was like my first house purchase -more an emotional decision than an investment one!

Having said that, I assume you borrowed the money through a bank or similar? If so, they would almost certainly have assessed your application quite conservatively…[Read more]

One of the key things I’ve picked up out of Steve’s latest book is that you need to set yourself some investment parameters and stick to them. If you’re looking for cashflow +ve from day one, then just take the Cranbourne deal, as the Wollongong deal isn’t positive from day one. Easy to say when you’re not involved I know, but….

Also, what…[Read more]

Essentially a second mortgage means the vendor provides you with vendor finance for a portion of the sale price, and take security against the property via a mortgage. Should you default on repayments, the primary mortgager (your bank) has first dibs on getting their money back from any proceeds, and once they have their money the…[Read more]