Recent content by ab100

Hi, I was wondering if now would be a good time to fix interest rates? I have 2 properties ( one ppor and one IP). We are looking at getting a third one in the next couple of years. I understand though, if I fix both loans it will make this harder to lend money for the third? Do you think fixed...

Our unit is a corner unit in a strata complex. The external boundary fences are rotting and in need of repair/replacement. I would have thought it'd be fully covered by the body corp, but someone from the body corp management company have told us that the owner and the body corporate split the...

The council won't tell me anything as i'm not the owner of that property yet. She said it may be lower some quarters if the water usage is lower.

We are purchasing a property in loganlea (2 bed townhouse). The rates were $753 a quarter. Is this too excessive? The body corp is low at $1100 but may be increasing. ????

We are looking at purchasing an investment property in either Albury/Wodonga, Ballarat, Geelong or Rockhampton. We have pretty much narrowed it down to Albury/Wodonga or Rockhampton as the rental yields are much stronger here. However, I just wanted to see what everyones thoughts were? We have...

Sounds attractive. Will dig deeper into this.

Interesting. What might they be? We've also asked the lender btw, should be interesting to hear what they say.

Completely.

No recommendation, it purely came down to equity. See earlier post.

A side note - I hope we're not violating any CBA terms of contract by discussing these details on a public forum? No full names or property locations have been disclosed.

It began with our very first sit down meeting - we told them no cross coll as we want to keep reinvesting the equity on assets for further investments. The idea is to repeat that process time after time to build our portfolio. We have two preapproval documents which were received in the mail...

So how do we not cross them?

We are taking out the maximum amount of PPOR equity we have, and we have no cash or savings, so I don't see any other way of doing it. We have to pay LMI. Can you see another way around this?

WHAT?! We told them we DON'T want an x-coll setup, on numerous occasions! About to lose it here with the CBA. How will it be x-coll if we have it setup as such? Loan 1. PPOR Loan 2. PPOR equity used to fund IP deposit and purchase costs Loan 3. IP loan

Why CBA? They gave us a really good desktop valuation, and say they don't need a full valuation. Gives us more 'equity', thus lending ability. LVR Not totally sure on this one as yet. It looks like the IP PP will determine the ratio... An extract from a recent email: Which product...