PropertyInvesting.com | Ossi89 | Activity https://www.propertyinvesting.com/members/ossi89/activity/ Activity feed for Ossi89. Mon, 13 Apr 2026 16:21:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 b395c882a4eac0761d56339adf3ae9a2 Ossi89 replied to the topic Other ways to get a deposit! in the forum General Property https://www.propertyinvesting.com/topic/5029311-other-ways-to-get-a-deposit/#post-5029319 Fri, 02 Sep 2016 03:19:53 +0000 Thanks for the info!

Is it necessary in this situation to have a 20% deposit (equity from my parent’s land)? Or can it be done with 10%?

Thanks again!

]]> 41e100d0505409ef4697114480c3639b Ossi89 replied to the topic Urgent help needed:) in the forum Finance https://www.propertyinvesting.com/topic/5029272-urgent-help-needed-6/#post-5029312 Fri, 02 Sep 2016 01:26:11 +0000 Is it easy to find a lender that assesses it this way? Could it work for multiple properties if we were to find the right lender or would we be better off keeping everything separate from now on?

]]> 58aebef8c6be02c6be02880750d80821 Ossi89 replied to the topic DILEMMA - Accessing equity from a joint investment to buy again individually in the forum Help Needed! https://www.propertyinvesting.com/topic/4405271-dilemma-accessing-equity-from-a-joint-investment-to-buy-again-individually/#post-4659427 Mon, 28 Nov 2011 02:43:07 +0000 Cheers Terry,

You make some good points.

Ossi.

]]> 5137a081e48a1b9f25231ec80f1a8e4e Ossi89 replied to the topic DILEMMA - Accessing equity from a joint investment to buy again individually in the forum Help Needed! https://www.propertyinvesting.com/topic/4405271-dilemma-accessing-equity-from-a-joint-investment-to-buy-again-individually/#post-4659425 Fri, 25 Nov 2011 07:21:37 +0000 Hi Derek,

No don’t want to be linked by LOCs forever.

What I would like to do is access the equity I have in an investment property which is in joint names and then use this equity as the deposit for my next IP. I don’t want my friend to have to guarantee my next IP (which will be in my name only), therefore, I thought I could take out a LOC for…[Read more]

]]> 15cabd1b07faaf07edcde0c4fef03dea Ossi89 replied to the topic DILEMMA - Accessing equity from a joint investment to buy again individually in the forum Help Needed! https://www.propertyinvesting.com/topic/4405271-dilemma-accessing-equity-from-a-joint-investment-to-buy-again-individually/#post-4659423 Fri, 25 Nov 2011 06:07:35 +0000 That's great! Thanks for clearing that up for me Michael!

]]> e784ddc7ce5dd1d39d64c943ceb9483a Ossi89 replied to the topic DILEMMA - Accessing equity from a joint investment to buy again individually in the forum Help Needed! https://www.propertyinvesting.com/topic/4405271-dilemma-accessing-equity-from-a-joint-investment-to-buy-again-individually/#post-4659421 Fri, 25 Nov 2011 05:39:47 +0000 Thanks Michael.The main thin I wanted to confirm is that this is an option in order to use the equity in the joint investment without having to guarantee each other, or buy another joint investment. We would like to go our own ways but still be able to take advantage of the equity that is in the joint investment without being forever tied.So if t…[Read more]

]]> d266e76d1b53490443c0a77aea8b0f65 Ossi89 replied to the topic DILEMMA - Accessing equity from a joint investment to buy again individually in the forum Help Needed! https://www.propertyinvesting.com/topic/4405271-dilemma-accessing-equity-from-a-joint-investment-to-buy-again-individually/#post-4659419 Fri, 25 Nov 2011 05:23:56 +0000 I was wondering the same thing, as I am in a very similar situation to James Woods. Would it be relatively simple to organise two lines of credit and use these as deposits for other properties?Once the lines of credit are paid back, would that effectively sever any ties between the two parties. (e.g. they will obviously be tied by the joint ip,…[Read more]

]]> 3051e8941bf5dd114330c8e61184ebe9 Ossi89 replied to the topic Resigning from work after pre-approval is granted!!! Help! in the forum Finance https://www.propertyinvesting.com/topic/4404995-resigning-from-work-after-pre-approval-is-granted-help/page/2/#post-4657641 Thu, 20 Oct 2011 03:48:34 +0000 Thanks for all the responses everyone… I am starting to get the impression based on all of these comments that what I am thinking about doing is a BAD idea!! haha.The reason I am so desparate to buy is because I know I won't be back in full time work for at least another 1.5 years. I figured if I could get a load approved before I left work and…[Read more]

]]> 53a792ea5f3a8a396cd8061448551edc Ossi89 replied to the topic Resigning from work after pre-approval is granted!!! Help! in the forum Finance https://www.propertyinvesting.com/topic/4404995-resigning-from-work-after-pre-approval-is-granted-help/#post-4657632 Tue, 18 Oct 2011 23:41:56 +0000 Thanks for the great infomation eveyone. I am very new to all of this so my questions are quite basic. The loan is relatively small as I am buying in a large country town, and my dad has agreed to cover any repayments (if the property is vacant) while I am finishing my last year of university. I currently have a pre-approval so just need to find a…[Read more]

]]> 0ef6442107b2b7f503ad72d9eca0e356 Ossi89 replied to the topic Resigning from work after pre-approval is granted!!! Help! in the forum Finance https://www.propertyinvesting.com/topic/4404995-resigning-from-work-after-pre-approval-is-granted-help/#post-4657623 Tue, 18 Oct 2011 05:22:24 +0000 Thanks Michael! Is is likely that the bank would find out that I’m no longer in full time employment? In other words, how often do they check the loan applicants financial details between the time of pre-approval and settlement? Also, am I obligated to advise the bank that I am no longer employed. As I said before, servicing the loan is no issue,…[Read more]

]]> 1449572eae420ab6800b01763373d876 Ossi89 replied to the topic Resigning from work after pre-approval is granted!!! Help! in the forum Finance https://www.propertyinvesting.com/topic/4404995-resigning-from-work-after-pre-approval-is-granted-help/#post-4657621 Tue, 18 Oct 2011 03:27:55 +0000 Thanks for the response Johann. Servicing the loan won't be an issue, as my dad is happy to cover this for me. All I am really concerned about is whether the bank is going to ask me to prove that I am still in full-time employment when it comes time to settle on the property. I hope to buy in the next 2-3 weeks and will also be resigning on…[Read more]

]]> fdd65ede349b62adb801fb3ec2bd5f95 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/3/#post-4652566 Thu, 04 Aug 2011 12:17:48 +0000 Thanks for the great info everyone!!Does anyone know how I would go about getting finance to purchase property in New Zealand? I have noticed that there is lots of positively geared property over there!I don't plan on doing this until I have a few Aus properties under the belt but would still like to know how it is done. I have ZERO knowledge in…[Read more]

]]> de07a104744e87c743f91934a414aaa3 Ossi89 replied to the topic Using equity as a deposit in the forum Help Needed! https://www.propertyinvesting.com/topic/4404377-using-equity-as-a-deposit/#post-4653380 Thu, 04 Aug 2011 12:07:18 +0000 Wow! I was wondering the same thing as James Wood! Cheers Jamie!

]]> f60fafddd183e32ac1a8b509b13078e1 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/2/#post-4652559 Thu, 28 Jul 2011 08:54:32 +0000 Does a HECS/FEE-HELP loan have an impact on my borrowing capacity?

]]> 790c88f116c3ac7624629cc44a79f724 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Hey, I am confident have https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/2/#post-4652551 Tue, 26 Jul 2011 22:35:58 +0000 Hey,

I am confident have equity in my ip as I bought it well below market value.

I have a very simple question, do I now contact my lender to have the property revalued in order to.determine the available equity or is there some other method?

Also, what does a valuation usually cost?

Can the result be disputed?

Cheers,

Oz.

]]> 3e6c07524a4159837a24db20e71ccd86 Ossi89 replied to the topic Evo Cities, Good Opportunity? in the forum Thanks Jamie! Anyone out https://www.propertyinvesting.com/topic/4404299-evo-cities-good-opportunity/#post-4652824 Tue, 26 Jul 2011 11:22:04 +0000 Thanks Jamie!

Anyone out there ever bought ex-commission homes in large regional towns/cities at auction? If so, was of easier to purchase the property below market value? I am considering ex-commission property in the evo-cities, am I more likely to get a better buy at auction?

Also, does anyone think this evo-cities advertising campaign will…[Read more]

]]> 6dd9b507772be4765f653930c3b2dd06 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Thanks Nathan! I'll check https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/2/#post-4652546 Tue, 26 Jul 2011 10:58:31 +0000 Thanks Nathan! I’ll check out his site.

Oz.

]]> 56b62cd44bbade1443427b5dabd0f960 Ossi89 replied to the topic north shore in geelong 3214? property growth? 2011. in the forum Help Needed! https://www.propertyinvesting.com/topic/4404295-north-shore-in-geelong-3214-property-growth-2011/#post-4652794 Tue, 26 Jul 2011 07:44:52 +0000 Hi,

I noticed you are interested in areas north of Geelong.

Unfortunately I can’t answer your question, but I have recently noticed these areas (searching for cheap property online) and was amazed at how cheap 3 bedroom homes were considering the proximity to Geelong, the bay, and even Melbourne!

I am from Sydney and have never been to these…[Read more]

]]> 37d4c29348502cc86b28952d39f8fa69 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Haha, that might help! https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/2/#post-4652544 Tue, 26 Jul 2011 07:10:31 +0000 Haha, that might help!

Ideally looking for someone around the Parramatta/Penrith area.

Oz.

]]> 3040f70813563fa54341cabe62d4e34c Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/2/#post-4652542 Tue, 26 Jul 2011 06:56:05 +0000 Hi All.

I’m very keen to buy my second ip, especially after learning more about using the equity in one ip as the deposit for another!

I didn’t have the best experience with the broker I used for my first purchase. I assume he wasn’t all that interested due to the fact my loan was so small (128k).

Can anyone suggest a decent broker who would be…[Read more]

]]> 81a7e4a23c95c2ee375ca932dd84bf14 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/page/2/#post-4652541 Mon, 25 Jul 2011 12:54:42 +0000 Thank you all, greatly appreciated!

]]> c64a6deffe82782b4a2f7f64949927af Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652538 Sun, 24 Jul 2011 22:36:13 +0000 Thank you everyone for the great advice!

Richard, your information was very helpful, that really clears a few things up for me!

One more thing I am trying to get my head around is exactly how using equity in one ip as the deposit for another ip works. For example, if I was looking to buy a $200,000 ip, currently have $20, 000 equity in my first…[Read more]

]]> 07c3b35f305150c23ef9d30095abec2b Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652534 Sun, 24 Jul 2011 09:33:41 +0000 Thanks Terry. I am looking at a property at the moment, currently renting for 210pw. As a rough guide, does this mean the banks will add $168 to my regular income when assessing me for another loan?Thanks,Oz.

]]> 2e377e2a371b5276cfc14a3c2e321b01 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652531 Sun, 24 Jul 2011 09:03:57 +0000 Can anyone tell me how the banks work out an individual's borrowing capacity for positively geared investment properties? For example, if I have an ip that currently rents for 200 per week, with repayments of 190per week, and I want to buy another identical property. How much of the $200 per week I receive in rent will the banks add to my income?…[Read more]

]]> d56b68db13320aa3e6c3767f3366ee8a Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652530 Sun, 24 Jul 2011 08:49:41 +0000 Thanks Richard. Yes please, I would love to read the article. As I mentioned previously I am just starting out so am open to all new ideas an suggestions. If you have any other information in relation to building wealth through property it would be greatly appreciated if you could forward this to me. Email address is bjr124@gmail.com.Thanks again!

]]> 0b7229f84d7d36687a1ef4e3c68d0ec5 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Thank you all for the great https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652527 Sun, 24 Jul 2011 07:26:39 +0000 Thank you all for the great advice!!

Jamie and Terry, I had a look into what Nathan Birch has done, its amazing! So what he does is basically buy properties below market value, properties that are positively geared (or neutral), renovate which creates equity and then use that equity as the deposit for his next ip. Is my interpretation of his…[Read more]

]]> 0d444ee4ff81f52506f009301549d994 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652527 Sun, 24 Jul 2011 07:26:39 +0000 Thank you all for the great advice!!Jamie and Terry, I had a look into what Nathan Birch has done, its amazing! So what he does is basically buy properties below market value, properties that are positively geared (or neutral), renovate which creates equity and then use that equity as the deposit for his next ip. Is my interpretation of his…[Read more]

]]> 810260c97899a2d24da8a872942f653d Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Wow, I didn't expect a https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652523 Fri, 22 Jul 2011 12:54:06 +0000 Wow, I didn't expect a response that quickly, I like this site already, thanks Wade! I am very interested in what you said about using the equity in one ip to buy another. Based on the research I did before buying my property in Orange I am confident that I bought it lower than market value. How could I continue to use the equity in my pr…[Read more]

]]> 08a3df9ed929a42bcbf1c24ea22b9d41 Ossi89 replied to the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/#post-4652523 Fri, 22 Jul 2011 12:54:06 +0000 Wow, I didn't expect a response that quickly, I like this site already, thanks Wade! I am very interested in what you said about using the equity in one ip to buy another. Based on the research I did before buying my property in Orange I am confident that I bought it lower than market value. How could I continue to use the equity in my pr…[Read more]

]]> e61e56b813a35783b9842df18c623e5c Ossi89 started the topic 30 properties before 25, finance??? in the forum Finance https://www.propertyinvesting.com/topic/4404268-30-properties-before-25-finance/ Fri, 22 Jul 2011 08:58:58 +0000 Hi, this is my first post on this site (I only joined 30 minutes ago). I am 21 years old, live in Sydney and have just bought my first investment property in Orange, NSW. I keep hearing stories about people under 30 on average incomes who have over 30 investment properties. My property in Orange essentially pays for itself so I would love to buy…[Read more]

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