All Topics / General Property / Update

Viewing 2 posts - 1 through 2 (of 2 total)
  • Profile photo of peter-reebokpeter-reebok
    Member
    @peter-reebok
    Join Date: 2006
    Post Count: 27
    March 21, 2008 - 4:19 am

    We bought 2 x units for 200k each 2 years ago.
    We bought our PPOR 7 years ago for 197k

    As at 1 March 2008,
    Units valued by bank at 270k each
    PPOR valued at 490k by bank
    1 extra unit added at 280k by using equity in existing properties.

    2 exist units are cashflow positive.
    PPOR is almost paid off.

    And we did nothing spectacular.  Exept lots of due diligence and research when fist buying!

    Get out there and do it!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 21, 2008 - 4:32 am

    Good work Peter. Imagine what you can do when the PPOR loan is paid off and you can divert those repayments into more investments.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.