hi wealth4life that sounds great! I actually live near mt druitt and know the area you are talking about. Is it the units off luxford rd infront of KFC, is it the new or old units that you have bought? I'm all for positive CF but what happens when rates head upwards to 7-8%. Will your unit still be positive cf? Or have you locked yourself into a…[Read more]
cool thanks guys for the info well to ad some more info my plan is to buy my FH by June using FHOG 14k + 10k savings buy 2 bed unit within 15km from Sydney pp$280k-300k GRY 6%. During 6 months do cosmetic Reno , then revalue rent out and use eventual equity to fund deposit for further IPs . Now what kind of loan structure/products would suit that…[Read more]
thanks terry so after the three years it says it converts to lite home loan but can i actually change to their other product the lite plus home home? That is the one with the offset account for a fee i think $15 per month (is that a reasonable fee?) . After three years i can change to another bank will i pay break cost or will that be over…[Read more]
Hi guys I'm 21 at the moment and i have $7000 to my name ha-ha- i guess im weird (most of of friends don't have a dollar) i guess i just have a different mindset to my friends (theirs are cars etc vs mine trying to save for a First home/IP ) hopefully by the end of the week i will have $9000 plus FHOG $14000. I also am looking in Sydney mark…[Read more]
young investor01 replied to the topic Can I still get FHOG is property is initially an investment? in the forum Help Needed! 15 years ago
hi you'd have to check this out more in detail with your state office but you can logically rent out the property for the first 11months and move in on the 12th month after settlement to still receive the FHOG.
kids and dogs not a problem- property will be rented to young single professionals i'm still in the process of looking for a durable laminate floorboard so if anyone can provide me a great brand or supplier(in sydney) that would be great!
That's the problem I'm just scared i might buy some dud so i guess i must research and look it to it more thoroughlyhaha great advice, i must visit bunning again soon and accidentally trip with my hands outstretched key in hand.
so basically exchange contracts and have building/pest inspectors ready so they can get a report done within cooling off period. I think in NSW is 5 biz days for cooling off period – in the contract can you ask for a longer cooling off period like 7-10 business days? Is that reasonable if you tell them about the inspections etc.
thanks harb for the feedback, is there any particular brands that you can recommend- i was in bunnings this afternoon checking out a laminate floor 7mm thick german egineered 20 years warranty and described as heavy duty residential for $14.95 per sqm- is that reasonable? And the only flooring allowed in the unit apart from carpet is floating…[Read more]
Hi guys , looking at the pros and cons of laminate floating floors in a rental. Will it improve rental yield over other flooring for eg carpet, tiles etc. Is it more inexpensive and durable in the long run. Finally does anyone know any good suppliers in Sydney both purchase cost and installation costs included. Basically my dad is quite handy and…[Read more]
young investor01 replied to the topic What’s the best Curtains/blinds for a rental property in the forum Value Adding 15 years ago
great thanks for all the info guys !
Hi for all those who have invested in Campbelltown , i've been looking into it briefly what areas should i be looking at and what areas should i be running from (where are all the housing commision houses) and can anyone tell me of a good agent to help me find a good IP in campbelltown and also a property manager to help me look after the place,…[Read more]
Patriot soldier thanks for the detailed feedback i'm definetly taking all the info into consideration- thanks heaps, btw patriot soldier and macros where are you guys both based? How old ? and how many properties , sorry to be blunt it just really inspires me to see others like myself working towards financial independence at such a young age. And…[Read more]
hey chris let me just say ur numbers has just blown away my mind haha, i can't really help you with them- but maybe you can help me. How do you noe what initial numbers you must now before buying an IP (number crunching) is there a site or program that can help with this. I seriously don't know the number crunching business – what ingoings and…[Read more]
hey thanks for the info guys . can anyone tell me of a good broker or an anvenue where i can speak more of possible financial strategies that will suit my individual needs. If i was to buy an Ip in another state apart from sydney would i have to get a bank/lender from the state where i decide to buy my IP or doesnt it matter
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