All Topics / Help Needed! / New member living in Perth

Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of nicky01nicky01
    Member
    @nicky01
    Join Date: 2007
    Post Count: 3
    April 12, 2007 - 2:08 am

    Hi everyone,
    I too am new to this site and property investing in general.  I have read Steve's book and im so fired up now im ready to burst.  We have some good equity in our property, and some savings, but also my parnter is self employed – which in the past enquiries to mortgee people has not been favourable – any suggestions and will have a lot more as im now chaning our whole spending lifestyle.  The perth market has had a huge increase and im not sure as to whether i continue to look here or head over east.  I want to cf+ properties only.  I have the time to look.  But one of my questions is on financing, is it best to use your equity for deposits and closing costs and try to save as much to put  towards these costs.
    i love this site.
    thanks for any and all suggestions.
    keen investor to be!!!
    Nicky

    Profile photo of Asian spiritAsian spirit
    Participant
    @asian-spirit
    Join Date: 2006
    Post Count: 16
    April 14, 2007 - 10:46 am

    Hi Nicky
    For me personaly what we did was put all our spare cash into our mortgage, because it is not tax deductible, that also helps increase your equity to borrow against, for an investment, which is tax deductible.
    As for being self employed and getting a loan, i found it quite easy to get a “Low dock loan” it is slighty higher interest rate than normal but being self employed it’s the price you have to pay.

    PS would you be interested in meeting other people in Perth for a chat?
    Good luck
    Gary

    Profile photo of kowntafitkowntafit
    Member
    @kowntafit
    Join Date: 2007
    Post Count: 6
    April 14, 2007 - 12:28 pm

    Gary,

    I would also be interested in meeting some other Perth people. What did you have in mind?

    Cheers
    Josh

    Profile photo of nicky01nicky01
    Member
    @nicky01
    Join Date: 2007
    Post Count: 3
    April 16, 2007 - 12:02 am

    Hi Gary and Josh,
    Yes, catching up sounds like a great idea.  What's your thoughts?

    Profile photo of suzieqsuzieq
    Member
    @suzieq
    Join Date: 2003
    Post Count: 149
    April 16, 2007 - 7:16 am

    Welcome to the forum all you Perth newbies.

    This is a great resource – enjoy!

    sq

    Profile photo of emmajamesemmajames
    Member
    @emmajames
    Join Date: 2004
    Post Count: 22
    April 16, 2007 - 1:05 pm

    Catching up sounds good to me. Say the 1st week in May. I guess somewhere central to each of us would be best.  I am in Duncraig.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    April 16, 2007 - 1:19 pm

    Welcome to the site and I hope you find the resources helpful.

    If in doubt post a question in one of the forums and I am sure you will receive some constructive answers.

    Happy investing along the way.

    Richard Taylor | Australia's leading private lender

    Profile photo of nicky01nicky01
    Member
    @nicky01
    Join Date: 2007
    Post Count: 3
    April 18, 2007 - 6:35 am

    Im in Caversham and the first week of may sounds ok with me

    Profile photo of ryanclarksonryanclarkson
    Member
    @ryanclarkson
    Join Date: 2007
    Post Count: 1
    April 24, 2007 - 4:07 pm

    Hi all

    I am also a new member from Perth who has just finished reading Steve's book. I am keen to meet up to share ideas and knowledge. I am in Edgewater (NOR).  Count me in if a catch up is organised…

    Cheers

    Ryan

Viewing 9 posts - 1 through 9 (of 9 total)

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