Recent content by falcon

thanks folks answering some of your questions. the investment property is in brisbane, it was bought originally for $165 plus costs - so about $175K and is currently bank valued at $220K we are wanting to refinance so that the property stands alone and then later realising some equity...

Hi everyone, we are wanting to refinance our home and investment property to structure the finance so there is no cross colatarisation and also to release further finance from equity to allow further investment. the question i have if anyone can answer or point me in the right direction to...

From: Mark Portelli Heard a distressed IP owner on a radio talk show who had a tenant abandon a property, owing rent and in arrears with the electricity utility to the tune of $1100. The utility has disconnected the power and refuses to reconnect until the IP owner pays the bill. What I don't...

From: Mark Portelli Looking for comment from the finance wizards on the forum. We have own property worth $600K 2 IPs valued at $380K total Debts $365K I/O loan for IPs LOC at $53K - max limit $100K Other debts around $3600 Using lender's 80% LVR can we expect the following: $980000 x 80% =...

Reply: 2.1 From: Mark Portelli Thanks for the replies Hans, Micheal. I coming to the realisation that its hard to find either positive or neutral geared properties in the Sydney suburbs and if they exixt, there are plenty of people after them. I'm coming to the conclusion it may be best...

From: Mark Portelli Hi. Ive been reading this forum for quite a while and have certainly learned a lot. First time posting and would like some opinion. We currently have two IPs,townhouses 5ks from bris CBD, originally purchased via Inv. Club. Bought 2 years ago with a 106% loan for...