Thanks so much Xdrew, that was awesome. Not too concerned about stamp duty savings, more just on the development and location. What if the location was already excellent and the surrounding apartments or houses are already valued at X amount? and if the location was already very scarce with no more land to build on? I am thinking what if the…[Read more]

I want to purchase PPOR first and than later set up a Trust for investment properties. Do you have a service in Melbourne here Jamie as I will be more than happy to use your service. I always see you regularly posting on here and giving great advice, I doubt you would give stupid financial advice or scam as it would ruin your reputation on here.

Thanks

Oh ok matt so saying if I did dump 100k onto my lump sum 240k i
Ill be still paying the same monthly repayments but just faster so instead of 25 years it might only take 10 years?? Am I correct so basically its much better having the bigger deposit??

thank you 

Thanks to all your wonderful comments guys, I really appreciate all this as I did not learn anything of this at school nor got taught by family.

I am just a little bit worried as I'll be purchasing this property with my partner, which I know as mentioned above Matt_Arnold post ^ 'hey, we are doing ok, let's go on that overseas holiday and blow…[Read more]

Theres just one thing on my mind I cant get around to having a interest only loan. Won't II be paying more interest over the time of the loan if I was to use interest only structure??? If I was just paying off interest only loan and putting my money into offset is that kind of like having a savings?? Because if I have a principle and interest on a…[Read more]

Thank you very much FMS for the insight , but won't I be paying more interest over the time if the loan if I was to use interest only structure??? If I was just paying off interest only loan and putting my money into offset is that kind of like having a savings?? Because if I have a principle and interest only on a 240000 loan and putting my…[Read more]

Nice thanks for that, what about if your loan was structured principle and interest loan with an offset account would you be able to pay off that even faster???

Thanks

Thanks Jamie I also had a read on your article with Loan structuring on interest only and setting up a offset account it was really informative. It sounds fairly easy I was wondering why not everyone does it this way?? Even if I was buying first as a PPOR and than maybe in the future 3-5 years turn it into a Investment property this strategy makes…[Read more]

Wow thank you Jacqui that makes sense, it sounds easy why doesn't everyone do this or do they already???

Thanks Jacqui appreciate your answer

Ohh nice thanks for the advice Jamie, if I would say to purchase the property as PPOR instead of thinking about IP for now,and try to pay the property off ASAP, with extra capital from family and to rent out other rooms to family members and charge rent. Would that be better to purchase with principle and interest loan??? I assume you have…[Read more]

1

Hey Jamie, yeah I am thinking in the future I will, to be honest don't have a exact time frame but if business succeed and enough capital is gained anything can happen.

Thanks Jamie
Matt

Wow really is it that easy to be misled and have a very bad loan structure? 

I mean you know of my circumstances max price $300,000 want to buy for PPOR and than eventually turn it into IP after 3-5 years. Hopefully he will help me choose the best loan structure. Is there anything I should look out for? or really important questions to ask? Thank…[Read more]

Thanks Guys I have a broker appointed and ready to throw hundred of questions, Do you guys know as of today how much FHOG is in victoria for already established housing not newly built but existing property is ???

Thanks

Thanks for all the advice guys its great!!!

I am thinking now maybe to purchase out in the suburbs something decent between $200,000 – $250,000
something relatively good location with 2 bedroom house. I want to live there maybe 2 – 5 years and so I can do my own business and continue to build capital and save because the  mortgage repayments…[Read more]

Hey Guys 

Thanks for all the kind advice, I will def look at a broker.

Hey Matt at this stage probably a bit of both because I definitely want to build my property portfolio in the future, but at this stage I wanted basically start with my own base first, because I want to do business and have other things on the side. So I want to be able to…[Read more]

The reason I ask this is because I found the course at REIV for 795 and than the course at swinburne for 4500 ? but the thing is they're both the same units would swinburne be much better off ? or would I just be stupid to pay 3000 more for the same course just to attain a agents representative certificate ?  

Oh I understand so basically if you buy a PPOR say for $300,000 and have equity of 20% so $60,000 to invest into an investment property also worth $300,000 I would need to get another mortgage for the 2nd property and so on….. for 3rd and 4th investment property? That means you would have so many mortgages and if they weren't positively geared…[Read more]

Wow reading all this is great I am getting the idea of both worlds PPOR and IP. How does the investment property work ?? If I buy my PPOR and than tap into my equity to purchase an investment property would I have to apply for another mortgage for the investment property??? How does it all work for newbies like me.

Hey Guys Thank you so much for your help, WOW and I thought an interest only loan was bad because you only paid off the interest and not the principle but that makes sense if I want to use it as an investment property in the future, I don't really understand the offset account how it works?? Thanks I am learning a lot already by reading this…[Read more]