Recent content by Eddie07

Thanks for the responses guys, some really helpful information there. The plan was to purchase maybe 2 ips at about 300-350k each, given the amount of equity available. Sounds like this will be tough though so might just have to do the 1 only.

Hi all, This is a question for the mortgage brokers. My parent's ppor is worth about 900k give or take. The loan is around the 550k mark, with one of the big 4's. I'm new to the property investing thing and currently only have 2 ips. My parents have agreed to let me use the equity in...

Hey guys, was wondering if anyone knew what the minimum block size would be to subdivide and build a 2nd dwelling at the back for a property in Ipswich QLD?

Was wondering if anyone can recommend builders that specialise in home extensions. We have a small 3 bedroom 80sqm vinyl clad house out in Western Sydney and are thinking of doing an extension to maximise the living area. Any suggestions would be appreciated.

Hi Brady, What happens if a employment letter/contract is provided but the job was commenced after the start of a new financial year and it isn't tax time yet, hence no group cert or tax return?

Thanks for the replies guys. Just to clarify, I have asked my employer for the previous payslips and this won't be an issue. My only concern now is not having a record of the income transferred to my bank account but I can get this done for all future pay. I just wanted to know if there was...

Hi all, Another question, is a letter of employment from a new employer (almost 3 months) sufficient to prove income for a CBA top up loan? It's a relative's business so I have been receiving cash and don't have any payslips. Please advise if CBA would be ok with this. Thanks, Eddie

Hi Rolf, Thanks for your reply. We are basically renovating the whole house; bathroom, kitchen, floors, paint and some landscaping etc Eddie.

Hi guys, was hoping someone would be able to help me with another question I have. Here's an overview of my situation: We engaged a broker earlier this year to help us apply for an as-if complete valuation as we wanted to do a full cosmetic renovation to our house. We are using a renovation...

Ok thanks guys for the help.

Hi guys, I've only just discovered this forum recently and it's been great. I have a question though. My wife and I purchased an investment property last year under both our names as joint tenants. We were both working at the time however, I'm currently not working. We would like to release...