Recent content by Bipolar Bear

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    Best balance between Line of Credit and Home Loan

    Thank you for your responses. Much appreciate it.
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    Best balance between Line of Credit and Home Loan

    Thank you Terry_w This sounds like an opportunity to get a bargain or two, but I'm a bit wary about the downsides. How soon should I borrow 80% after the purchase if I chose to pay 'cash' for IP? How risky is this in comparison to taking 20-25% out of LOC and borrowing 80%? A silly...
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    Best balance between Line of Credit and Home Loan

    My LoC is secured against my PPoR. I'd like to keep my investment loans separate from my 'home finance' bank. I am just about to get a loan for my first IP from a different lender, therefore my 'main' bank is not aware about it. I guess, the borrowing capacity may change once the first IP loan...
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    Best balance between Line of Credit and Home Loan

    I am trying to figure out my options and their implications: Currently Existing LoC: $275K Borrowing capacity (same bank): $635K (if I wanted to borrow from the same bank but I won't do that) I am building my first IP in Brisbane so the loan will be $350K. My bank is not aware about this...
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    housing commission

    Redfern is a place where - when you stop at a traffic light - you'll see a sign telling you to keep the car doors locked so that nobody can open your passenger door, grab your bag and run away. Waterloo is a bit better but there are some pockets that you'd want to avoid. You can do a 'walk'...
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    Buying the Dymphna program!!

    Thank you for sharing your experience, jude74. I went to D's 1-day seminar last month. She mentioned how she lost $250K on her US investments. She added that since then she has been dealing with A- and B-class(?) wholesalers only (as opposed to retail property sellers that got her burnt). Her...
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    Looking for a construction loan

    Thank you Rolf. I guess it's the brokers who have suggested all three lenders were poles apart. :)
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    Looking for a construction loan

    Thank you Peter and Michael. The AMP option was the result of me changing my mind. I was going to purchase an existing property for investment, and their interest rate was 4.40%. Then I told the broker that I decided to build so they've changed the existing pre-approval to a construction...
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    Looking for a construction loan

    I'm looking for a construction loan for about $380K with 80% LVR, with a re-draw facility. I'm buying land separately and getting a house built by a building company. I have been offered a few options. It looks like either the interest rate is very high during construction period (5.95% by...
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