Recent content by tbinvestor

Hello Somersofters I am having trouble finding an IP within my price range, as property goes up i feel as though it gets harder and harder to aquire the next IP, I have been investing in property for only 2 years and i have built up a small portfolio in that period. I feel as though I am...

Thanks for all your thoughts, at this stage im going to have to sit down with a calculator just like josko said and figure this out the best way i see feasible becuase at the end of the day we are only taking educated guesses, there is no right or wrong answer. Cheers,

Thanks Sash i didnt considering squeezing the banks a little on there fee, great idea! I have the wealth package so your exactly right i will be on 6.49% if i do choose to fix. I think in my position im not trying to outstmart the banks nor will i be paying my property off in 12 months...

Josho, what bank are you with? I thought my current rate fairly close to what the other banks were offering, looks like i need to do some more homework... The other thing is i may have missed the boat on thoes 3-5 year fixed rates but putting it into perspective some benefit is better then...

Hi All, I believe we are no doubt going to be experiencing alot more interest rate rises yet before things settle, so the throught of fixing has been on my mind, expecially since the fixed interest rate is so close to our variable rate. CBA has on offer: Current standard variable 6.61%...

Fantastic Update Pieman! Cheers.

I think 99.9% of you Somersofters are with me in saying... Speculator you have absolutly no clue!

Hi, I have been looking regualarly on RE.com at potencial IP's and I have been very curious about Hoppers Crossing. I guess my inititial attraction to this area is the price you can pick up a say 3bed house on a substancial block of land, and im talking 700-1000sq blocks! You can still pick...

I have an offset account question... If you have 2 properties which you owe 200k on each and you have 20k in your offset account are you paying interest on 180k or 190k each? Do they split this amount and you only get 10k less interest or the full 20k for each loan? hope this makes sense...

Thanks for all your advice :) I think i know what i want to do, i am going to look solidly for an apprenticship and see how this goes becuase it wont be an easy task, while doing this i will work at my current job and who knows what happens in the mean time, somthing might pop up. I can...

Hi, I am 23 years old and I currently have 2 almost positive IP's, i live at home with my parents and earn around 65k, I have been in my job since i finished school year 12 VCE. When i finished school i didnt know what i wanted to do i just knew what i liked doing so i moved into an area of...

Good new is my lender (CBA) approvel a 95% lend on 5.04% Bad news is the property I had my eye on sold...it was just too cheap, only advertised for 4 days before they received 5 unconditional offers. Im not at all disspointed though becuase I learnt alot over the past week and im also...

If i want to get the ball rolling with this one i better start by going to see the lender to make sure they are willing to give me the loan, my second IP was approved without any trouble at all and that wasnt long ago. I am going to make an appointment with the bank and see how things pan...

Thanks for all your suggestions, much appreciated. I am on a middle to high income (day job) and my other two IP's are relatively high income so at the end of every month i usually end up with decent amount of money into my bank which in turn will service my IP#3+ its own rental income. I...

Hi, I recently purchased my second IP 4 months ago and i told myself at that point im not going to buy for another year! But as it happens I have stumbled across somthing i think is relatively cheap, in a good position and has great rental potenial. The problem is im not financially in a great...