Recent content by ofmitchandmen

  1. O

    Ipswich for first IP

    Hey all, my fiance and I are looking to buy our first joint IP in Raceview (Ipswich). She already has a 1 bdr IP in Bulimba that she's owned since 2009. We've been negotiating on a 3 bdr house in Raceview and the numbers definitely stack up from a CF perspective, but I'm wondering about the...
  2. O

    starting our portfolio - advice needed for best use of deposit.

    My girlfriend and I have $150K to utilise and have serviceability of $650-$700. We are looking buy our first IP at a mid-level price point (say $400K), but want to understand the best way to utilise this sizeable deposit to secure multiple properties in a short space of time. We're looking for...
  3. O

    Help us spend $150K!

    Hi guys, thanks for your comments. Terry - does this process relate to gifting the funds into a trust and then borrowing from that trust to avoid paying excess interest? I'm not really knowledgeable on this process, so any resources to read would be great. Rolf - We are sitting down with a...
  4. O

    Help us spend $150K!

    My girlfriend and I have $150K as a deposit and are looking buy our first IP at a mid-level price point (say $400K), but want to understand the best way to utilise this sizeable deposit to secure multiple properties in a short space of time. We're looking for thought starters on how best to...
  5. O

    Our 1st IP - Penrith vs Toowoomba? (Buy/Reno/Hold)

    My partner and I are looking to purchase our first IP soon - we have $100K in deposit and borrowing capacity of roughly $700-800K. We are looking at purchasing in an area that's set for quick CG and add value via cosmetic reno in order to have property revalued and allow purchase of a second...
Back
Top