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    Finacially Preparing PPOR to become future IP

    Hi Rolfe, I have had the loan for approx 15mths. It is my working account. All income in- all expenses out.
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    23 properties in 5 years

    Karina, Sorry, My post without reference to your Father's passing appears selfish. The thing is, I hadnt read much past your original story as I was so keen to get in touch with you with a response to it. I have now seen your updated posts & wish to pass on my condolences to you.
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    Finacially Preparing PPOR to become future IP

    Hi, I have been reading threads about this & googling a fair bit on the subject. My PPR is LOC 323K LOC with balance of say 312K leaving 11K excess available. I called westpac to ask about changing to I.O rocket repay loan with offset ( & it has redraw). I assumed I could take the...
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    Need Advise about selling to raise capital

    Sensible advice- thank you. I agree with all of the above. Im working on point 3 as we speak. Im hesitant to sell in case I CANT buy back in. To confuse me further, I spoke to the the owner of the agency this afternoon that manages my prop in Melb and he advised dont sell if I can hold as its...
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    Need Advise about selling to raise capital

    Youre right- Im going to do that tomorrow. Thanks for the suggestion. I appreciate it.
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    Need Advise about selling to raise capital

    So I shouldn't increase the limit to use as deposit?--Just kidding!
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    Need Advise about selling to raise capital

    Thanks. Yes i have been losing sleep. Not over the debt but trying to think of ways to make more money.
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    Need Advise about selling to raise capital

    Hi, Thanks for your input, I appreciate it. I have been looking at lower rate balance transfer cards. Hard to find one or two with big limits. The biggest was citibank & I have just come off their low rate. I still have 15K with them & they have me fairly low at 9.99% I dont have enough...
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    23 properties in 5 years

    Hi Karina, Love your inspiring story. Good for you. I notice from reading etc that many of the success stories come from people who buy cheap in regional areas. I was considering that too in Whyalla or Port Augusta for example because they have housing trust homes and I am semi familiar with...
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    Need Advise about selling to raise capital

    HI, No the beach unit would actually get less-high management fees & cleaning fees etc.. I asked management about the returns There are a lot for holiday lett & it gets shared between them all. Also , the high turn over of people through it would trash it quickly. Its furnished. I recently...
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    Need Advise about selling to raise capital

    Investor 2009: Thank you for responding. You make sense about the cost involved in selling. I have mostly been a lo doc borrower for investing. Whenever I saved 20%, I bought with no real strategy for the short term, only long term growth but now Im impatient and want to create value myself...
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    Need Advise about selling to raise capital

    Hi, I have hit wall with finance to acquire more property,so now it seems my only option is to sell one or two properties & Re invest with a new strategy. Or, do I sit & wait for more gain? I dont have enough equity or cash to use as 20% deposit for next the purchase as it stands, so even...
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