I have read this thread all the way through…….it is very informative……….but I could not find the answer that I was looking for. Could the experts here please help me with the following?
I want to buy a vacant land and subdivide it and build multiple units (4 or 6 units). However, I have the following…[Read more]
VP replied to the topic HELP! Being lured toward “Real Estate Mastery – EmpowerNet” in the forum Help Needed! 12 years, 10 months ago
I had similar experience with Central Equity who had an information session in Perth a few months ago, and they were trying to sell 22sqm units for 209K. I am not sure who invests in such deals.
VP replied to the topic should positive property have p & i or interest only finance? in the forum Help Needed! 12 years, 10 months ago
Hi mitchellmcintyreI agree with Terryw's suggestion, i.e. if you have outstanding non-deductable debt then focus on paying off that first and have your first IP on IO. But once you have repayed your non-deductable debt, I personally would prefer to stick with PI. I feel more secure when I dont have too much outstanding debt I guess it depends…[Read more]
Hi JanetI had similar ideas like you but not on the renovating front but on building new properties in Perth in suburbs like Queens Park, East Cannington, Kelmscott or Belmont.I have a house and plan to repay it by end of 2009, but then I have a huge Tax bill, which I want to reduce and hence I was planning to get my first IP. But after reading t…[Read more]