Recent content by jayek90

  1. J

    Ip Caloundra (Sunshine Coast) good or bad ?

    okay that's what I thought because the real estate agent isn't letting any one else look at it unless I was to pull out due to finance or pest inspection etc here's the link so I can get a few more opinions. Check out this property I found in Caloundra Qld -...
  2. J

    Ip Caloundra (Sunshine Coast) good or bad ?

    thanks guys, I took the post down after recieving some private messages telling me to take it down I also got a little worried when people started telling me to pull it down I thought no one can put an offer in etc. now that the contract is signed. I am not to sure on the rules as, I am new...
  3. J

    Ip Caloundra (Sunshine Coast) good or bad ?

    great thanks for the help guys just have to wait and see I guess I do love the area tho hopefully can see some good growth and hopefully mum can pay market rent. she is saying she will so let's see how it plays out. She has done a lot for me though so time to give something back
  4. J

    Ip Caloundra (Sunshine Coast) good or bad ?

    it's rental appraisal but I have also lived in the area for the last 5 years and am currently paying 360 a week in rent for a duplex of the same features. The rent hasn't been put up for the last 3 years. I am buying this property for my mother to live in for the long term and she is...
  5. J

    Ip Caloundra (Sunshine Coast) good or bad ?

    I am currently under contract on a duplex in caloundra perfect for location,location ,location purchase price is $360,000 retail appraisal is 360-380 a week what are people thoughts on growth I am looking to hold the property for 10+ years
  6. J

    interest only or principal and interest ?

    I am going to look at another property tomorrow , and am looking at the interest only option. I am expecting to keep the property for about 10 years to see some good growth I have noticed that I can only choose interest only for a period of 5 years when using mortgage calculators can...
  7. J

    interest only or principal and interest ?

    she will be staying in the property unless the current owner wants her to move out she has lived there for 5 years and is capable of paying the rent on her own I am pretty sure all I will get is no stamp duty which is still a bonus anyway.
  8. J

    interest only or principal and interest ?

    okay great thanks for the advice makes sense
  9. J

    Getting Started - QLD

    My dad seems to think redcliffe is going to be good buying , i am thinking about buying in the area as well would love a heads up on any information . Cheers
  10. J

    interest only or principal and interest ?

    great thanks guys i am going to see the accountant in a few weeks to discuss further but just a heads up, reading the post above If I was to live in it with my mum and just do IO how does that work with the whole investment idea? is it all still claimable ? And as this is also my...
  11. J

    interest only or principal and interest ?

    If i put 20 % deposit on 350,000 home and pay principal and interest the rent from my mum would cover the loan as I woulnt live there. is there any benefits to doing that or am i still better doing interest only with 20% deposit ? and please clarify why
  12. J

    interest only or principal and interest ?

    thanks for the help guys really appreciate it, still trying to get my head around it all read in a few books those exact comments. Are you able to give me a rough idea on what the average REA commision is i have never had to deal with these types of things?
  13. J

    interest only or principal and interest ?

    Hi All I am after some guidance, I am a 24 year old male currently earning $170,000 gross a year and paying an average $60,000 in tax p/a I have a very stable job as I have been with the company for 4 plus years.Over these last 4 years I have wasted a lot of money on depreciating assets as...
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