Hi I have just registered. I have just returned from 3 years i Ireland and would like to start investing. I have 4 houses 2 of which I own outright and the other 2 are mortaged for $340000 and the houses are valued at $260000 each. I also have some cash. I have read both of Steves books. Would someone be kink enough to just point me in the right general direction.
Thanks
Hi Sophie, & welcome to the forum,
Its difficult to offer any specific suggestions without being privy to your future investment goals and current circumstances,
However based on the information you have provided you seem to be in an excellent position to leverage off your current investments.You currently have $76.000 in available equity @ 80% LVR on the 2 encumbered properties, possibly more at a higher LVR with mortgage insurance.
I would suggest you look at using the equity as deposits on separate lending, Preferably 80/20 finance as this will elevate cross colaterisation issues and the need for mortgage insurance over your portfolio. Cheers.Regards
Steven
Mortgage BrokerMobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
I agree – look at using equity to expand your portfolio.
Pete
…Beware of the dreamtakers…
BTW – I was part of the MAP Program and am more than happy to answer and questions/comments you may have – Happy Investing…
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