Real-Newby replied to the topic Rock and a hard place – Opinions required in the forum Help Needed! 7 years, 5 months ago
Thanks for that John, sounds like we are looking at going down the right track.
Really appreciate it
Real-Newby replied to the topic Rock and a hard place – Opinions required in the forum Help Needed! 7 years, 5 months ago
Thank you for the reply Ethan.
That definitely makes sense and is good to know that I am not ploughing down a path that seems odd.
The main reason for the outright purchase as you say is for the borrowing power, as my wage isn’t really that great I had spoken to a broker who pretty much said they won’t lend anything over $225K, so my thinking was…[Read more]
Real-Newby‘s profile was updated 7 years, 5 months ago
TUFF-ET started the topic Rock and a hard place – Opinions required in the forum Help Needed! 7 years, 5 months ago
Hi all,
I would love to get some of your opinions on my current situation. Basically a few years ago I had an investment property that I bought and was renting as CF+ when I met my future wife.
We decided to sell the house to fund our deposit on a home to live in. We bought in the Eastern suburbs of Melbourne 3 years ago for just over $400K with a…[Read more]
TUFF-ET replied to the topic Rent V’s Lease- Which is better for Investing in the forum Help Needed! 14 years, 5 months ago
Hi Duckster, Thanks for the response. Amature, Amateur- I am too lazy to use spell check. Funny – since I have been in IT my English has gone doooooooown hill.I have had a bit of experience in commercial propery from when I ran my business. I learn't that commercial real estate agents really play hard ball which is why I asked about the ev…[Read more]
TUFF-ET replied to the topic How can we make this happen? in the forum Help Needed! 14 years, 5 months ago
Hi Cazzie, I will not claim to be a professional or give that advice as I am only starting out in investing myself and still needing to take the big step, I can however offer some ideas.First of all, good on you for being amicable about it, there is nothing worse for kids than seeing your dad moving away on not good terms. It is importa…[Read more]
TUFF-ET replied to the topic Investment Property or FHOG in the forum Help Needed! 14 years, 5 months ago
Ok well that is a good thing then. My bank told me that if you don't get it first time up you are ineligble and from what i read on the State revenew office site this is the way it is.But if what you say is true then I am a happy man.Cheers
TUFF-ET replied to the topic Investment Property or FHOG in the forum Help Needed! 14 years, 5 months ago
Hi Ediot123, I am in the same situation as you. I am looking to buy my first propert/investment property.The way I understand it is that if you buy a property with the sole intention of it being an investment from day 1 you will forfeit your right to recieve the grant in the future. Your first even though it's not your first 'home' you will not re…[Read more]
TUFF-ET replied to the topic NEW STARTER NEEDING ADVICE. in the forum Help Needed! 16 years, 11 months ago
Thanks for the reply Gary, the info you advised is pretty much exactly what I was after. Savings wise I have always been not to bad at saving, in 4 months I have managed to scrape togethere about 5-6k in that time whilst having to pay for a fair few major expenses. The only other issue that I will be facing…[Read more]