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yep, will be the 3rd different bank for 3 loans haha spoke to broker, looks like its all good, next wed might be putting n an offer on some nice place hopefully

Thanks Bigtone :) yime to call the broker and line up my next property, here comes te excitement again!!

Hi Everyone, just a quick question, do i still need to show the banks genuine savings if i am drawing equity out of my PPOR for my next IP? all mine is currently tied up in shares so i wont have the 5 - 10% they are currently asking quick update: my place invarsity lakes qld that i bought...

Hi All Recently we just picked up IP#2. it was originally listed at 135k but needed to be re stumped as the floors weren't even and some doors / windows wouldn't line up perfect. the quote to re-stump and level was $8800. So we asked for 10k off the price to allow for this. We will also...

contracts signed and in the mail so ill put up pics n details shortly :) already on the prowl for IP #3

it was a little easier, mostly with asking the right questions etc. Second time round definitely has been smoother, we knew exactly what we wanted and how much we wanted to pay for it. was also much smoother knowing what to ask the REA and focus on the most important parts of acquiring the...

sight unseen on this one. we have our building and pest inspection comming through and have someone local who is a very expereinced investor in this area have a look into it aswell on our behalf. The PM we are using has seen this property in person and said its in A1 condition, and current...

town is around 20k people house has already been renovated so no work to do, kitchen bathroom, floors polished, new paint looks new inside, also has been drought reisistant landscaped. however in the near future need to restump, and have already been quoted and factored into our final...

Who says cashflow +ve and steady CG is too hard to obtain? picked up Investment property #2 just picked up a 3/1/1 on 1000sq meter block, renovated throughout for $125,000 ($135,000 asking price) rents currently at $190p/w regional victoria and yes, history of CG over past 10 years is nice...

wow, great job! im looking to do some reno's shortly and if i can get away with this for around 5k id be very happy! well done

Thanks heaps :D yes the area your talking about is the south part. i have sent you a PM with 2 of the properties and were wondering your thoughts?

Hi Newlywed, great to be in touch with someone from the area. I have researched a number of threads around the net not just somersoft and everybody does tend to say its on of the nicer regional towns, and fantastic layout. Im looking at buying around the area between eleventh st and fifteenth...

Yes it may be a good excuse to just get away for the weekend anyway ;) however it is a pretty big trip to Mildura, i think they have local airport?

Hi everyone. so ive decided the finances are right and its time for IP #2 I got my IP#1 around may this year after following plenty of advice and research up at Loganlea (20 min south of brisbane). picked up a 3/1/1 for $270k and rented it out on a 12 months lease 3 weeks later for $300p/w...

Hi, im looking at a property and it states this at the bottom of the listing "2 Lot planning permit approved" what does this mean? is it something to do with having approval to build across 2 blocks of land (if you own both of corse)?

Im still wondering how the rental aggreement came about? something significant must have happened to allow them life long basically free rent?

Well it states "life long" so im guessing until they either move or cark it?

This house has 4/2/2 and only $195k in somerville. However there is a catch, it states: (Subject to Life Long Tenancy In Place When Buying This Property) The tenants are protected by a long term lease that requires them to pay $1.00 per year rent. This is a result of a court order)...

i see it as a win win,, if the market drops i can buy more cheap property, if the market heads up, i have more equity to play with :) either way im playing it safe and waiting until the FHOG runs its corse before i enter. plenty of time to do other reno's and save $$$ in the meantime

Hi Mindless, i have a similar style house to this and was thinking of rendering it. can i ask how much it cost you to have that rendering done?