I am refi to NAB as my broker said its a must to allow for more borrowing with CBA or something along those lines .

I can understand the advantages of a split loan over a LOC , but seeings as i will be intending to keep a portion of those funds
as a buffer and reno/soft cost would it be beneficial to keen evan a portion as a LOC?

I have the opportunity to realize some funds from my IP’s
Roughly 80K .

I currently have 3ip’s with CBA process of refi 1IP to nab and getting 20k split ( wanted loc but apparently loan to small for loc)

The other 2ip with cba are getting topped up to realize $60k

My question is should i get the 60k via a LOC or I/O split ?
Or…[Read more]

Thought I would share my landscaping/ renovating experience with you all.

I bought the below property for 205k a deceased estate the hunter area last september . After some earthworks painting the
interior adding blinds and cheap carpet i managed to add 20k in two months and was able to refinance .

At the time it was the hardest thing…[Read more]

I just spoke to another broker who tells me it is rather easy to uncross and is basically an internal refinance
and should only cost a couple of hundred dollars .
She also said that because of the cross I…[Read more]

very broad question I know !!!
but am in the process of looking for another ip and I do not want to use my old broker

MY SITUATION
currently have 2 ips with cba one of them borrowed 106%
both CF+ full doc loans.

i currently have 20k in savings and i am looking to borrow as much as i can without realizing equity ! !
i take home…[Read more]

just a update n the Granny at idea

After speaking to number of agents in the area and builders I have gathered a lot of information .

Firstly My managing agent believes it is a great idea and I could potentially re rent the house and self contained GF for a minimum of $310 PW ( it is currently rented at 270pw) it is in my opinion…[Read more]

what are all your thoughts on this suburb Woodberry NSW 2322 .
I work for the local council and have a few IP and i am looking at a number of areas and this one has
caught my eye .

a little background about the suburb.

*Fading stigma * lowish vacancy rate *12mins drive to a new approved hospital to built
*5mins from the M1…[Read more]

Thank your reply . No not approved yet as just in the thought process still .

My goal of adding the GF would be to add enough value to purchase a third and the extra yield would be a bonus.

I do realize that i would be subtracting a car space but i think for valuation sake the GF would out way the double garage.

first time poster long time lurker

a little about my current position .

I currently have 2 IP one of them i bought significantly under value and did a few minor cosmetics and added 25k in 3 months and re mortgaged to purchase the 2nd .

The first property is currently valued at 225k its a 2 bed with a double garage with a…[Read more]