Recent content by kals

Thanks Rolf - makes complete sense!

Thanks everyone for your feedback. Rolf: what do you mean by "90 % LVR on property on its own says ZERO"? Mick C: My IPs are already at 90%, with LMI Terry: Interesting point about claiming the LMI, I hadnt thought of that so will definitely ask. I have split my loan, the LOC is...

Hi all, Im keen to understand what's a generally accepted position on LVR for PPORs. I have 2 IPs both at 90% and really want to go for #3 but given the current market conditions neither have enough equity to use for the next purchase. My mortgage broker has suggested increasing my LOC on my...

Hi there I have a spreadsheet and have attempted to attach it to this post. I've never done it before so if this doesn't work please feel free to PM me and I can email it to you. It's nice and easy to use and covers all incomings/outgoings to give you yield and yearly/weekly shortfall or surplus.

Thanks Rolf - I ended up finding a local QLD Solicitor who also practices in Sydney. Kaia

Hi all I'm based in QLD and my local solicitor doesn't operate in Sydney. Im looking at buying a unit in Sydney and would love a recommendation for a good solicitor. The unit is in guildford. thanks

Hi Jo I think it was that she just didnt want me to go higher. I could definitely service the additional. Anyway im thinking if freeing up more equity will allow me to continue to purchase IPs then i'm all for it! kals

Hi all I've currently got a 65% LVR on my home - which includes my own mortgage as well as a LOC for IPs. My current MB didnt want me to go any higher than this however in speaking to another MB he thinks it would be fine to go up to an 80% LVR. Is there a general rule of thumb on this? thanks

Hi Sunshine I'll be working this Friday so won't be able to make it. In fact I dont think given how close we are to Christmas (and how much i'm yet to still do) that i'll be able to make it again until the New Year! Kals

Hi Arthur I'm having the same dilemma right now. I have my PPOR plus 1 IP and currently looking at buying #2. I have some available equity in my PPOR which i'll use as deposit and purchase costs and also to cover reno on #1 and want to ensure I don't over-commit as #1 is negatively geared...

What about electricity - i'm assuming most houses and g flats would be on the same meter. Does the owner usually pay this and include approximate electricity costs in the rents?

Hey guys What about property management on properties with granny flats - im led to believe that you would need to manage them yourself as a lot of PMs won't look at them due them generally not being council approved. It's this that has me wondering whether this is the right move for me...

Thanks Sunshine for organising our get-together. Im looking forward to the next one soon. Kaia

Hi Lynda I'll be there! Kaia

Wow - you guys are all so hands on!! Im thinking with my limited available time (single mum working full time in a crazy busy sales job) and limited skills; that I could take some time off and so small stuff like cleaning and get the experts in for the rest. Luckily i'm on a good wage so...