PropertyInvesting.com | TheFinanceShop | Mentions https://www.propertyinvesting.com/members/thefinanceshop/activity/mentions/ Activity feed mentioning TheFinanceShop. Wed, 15 Apr 2026 20:23:03 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 8cfae55365cd60131c4c855511bec052 junkyster replied to the topic Investing for the first time in the forum Help Needed! https://www.propertyinvesting.com/topic/4410480-investing-for-the-first-time/#post-4697860 Thu, 02 Jan 2014 04:52:34 +0000 Thanks @xdrew, that was the same thoughts I have 2 years ago (with less income and without the 2 kids). I thought this year work out our finances better, and work towards our first investment property!

@TheFinanceShop, yes, definitely change to IO loan when converted to IP – been following that thread as well. The bank approved $435k, so thats…[Read more]

]]> e3549742a3fd1874f05f5c3a51102db5 avalonesa replied to the topic Just bought first property in Melbourne in the forum Help Needed! https://www.propertyinvesting.com/topic/4408573-just-bought-first-property-in-melbourne/#post-4685167 Sun, 27 Jan 2013 08:14:19 +0000 @TheFinanceShop

Thanks for the response.

When you say heavily negatively geared, you mean the rental payments do not cover the mortgage right?

It will be owner occupied for the first year (it has to be since we took the first homebuyers grant) but then we may rent it out and move out. There is the opportunity to convert it into a 3 bedroom…[Read more]

]]> a3047e076f1e93bef9aa2f0938c6cfbd goatus replied to the topic Buy new PPOR with partner and making 2 existing PPORs IPs in the forum Thanks all, some great info https://www.propertyinvesting.com/topic/4407603-buy-new-ppor-with-partner-and-making-2-existing-ppors-ips/#post-4677283 Thu, 13 Sep 2012 12:27:46 +0000 Thanks all, some great info here.

@TheFinanceShop: Im calculating the equity:

Property 1 – Worth ~$300k, owe $260k on it = $40k
Property 2 – Worth about $320k, owe $300k on it. = $20k
= $60k equity correct?

From what i have read banks will let me use 90% of that? So is that a straight $54k I can knock off a required deposit for the new…[Read more]

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