the hulkster replied to the topic Want to buy first IP have the equity but just can’t quite figure out how to do it? in the forum Finance 16 years, 10 months ago
Qlds007 wrote:
Hi HulksterIdeally you dont want to cross collaralise the 2 securities so need to be careful on how you structure the 2 loans.Probably easiest way to go is to look at an investment line of credit secured against your PPOR to cover 20% of the land & building costs and then through a separate lender look to take out standalone…[Read more]-
the hulkster replied to the topic Investing in Geelong Suburbs in the forum General Property 16 years, 10 months ago
Geelong is a good place to buy atm. For 300-350 i would look at suburbs like Belmont, Highton and Geelong West. The first 2 being the go atm especially with the new ring road. I have lived in Geelong for 35 years so if you have any questions feel free. Renting out in those areas is not a problem.
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