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For all those concerned Moranbah investors against 100% FIFO workers - join the petition and be heard: http://www.change.org/en-AU/petitions/campbell-newman-s-queensland-state-government-stop-100-fifo-and-forced-accommodation-in-mining-camps

Well spotted Travelbug, to be clear my strategy is a 6 week reno to flip (reno taking 6 weeks) then of course the marketing, etc. Thanks Jane, for your input. I already have a budgeting spreadsheet, its the task list organiser spreadsheet I would love to have a look at as I know there would...

Hi there I am trying to find either an excel spreadsheet or MS gaant chart to plan for next cosmetic house renovation quick flip within 6 weeks to organise tasks. Does anyone have a copy they would be happy to share from personal experience? I understand each individual reno project is...

Not sure about procedure/steps to follow so looking for any advice from anyone else that may have gone through a similar experience? Tenant signed a 12 month lease (Victoria) and after 2 months has changed her mind saying that her children are not settling in at new school and she has made a...

So if I understand correctly, we would need to wait at least 12 months before being able to obtain some finance for purchase....at loaded rates or 2 years with tax returns.....that's a long wait:(

Thank you all. Michael, on that product is the risk fee a lot higher than the LMI? How much higher is the rate if only able to supply letter from accountant? If its a joint application to support the serviceability of the loan at what point down the track can you apply for a full doc...

Hi to all the expert brokers:) Planning ahead for next deal and need some advice/info please: Joint application PAYG together with self employed (less than 2 years) so require a lo doc loan for an 80% LVR. (PAYG income not enough as a standalone application). I believe there are a...

Thanks Aaron C and all those who have replied:) Our biggest concern is organising tradespeople to fix "things" that might need repair as we dont have a tradies list as most property managers have on their books. Also conducting 3 - 6 monthly inspections with photos (unless we literally fly...

Hi all Just purchased a ppty in QLD, it was owner occupied. I've been contacted by BMA to lease the ppty directly from me for 12 months without going through an real estate agency/ppty manager. Has anyone got any tips/advice - pros and cons of having done this themselves specifically...

Thank you so much for the responses. PT Bear and Rolf - food for thought! It sounds like you are both speaking my language. Sounds like I definitely need a broker who can assist with the right kind of structuring so will be in touch! Treehouse;)

That's the one GREAT888, 6.87% and the loan amount does not have to be huge. Looking to conduct a refinance now but wait for preapproval for new purchase until after 1st July before applying for new investment loan as this is the date I've been advised lenders exit fees will be abolished...

We've got some further equity in our properties and the current LOC which is secured against our PPOR is down to $30,000 so we are looking to increase the LOC to fund deposit for next purchase. This has given us an opportunity to review our current loans with CBA. They say they trying to be...

Thanks for your response Jason, the topup would be used for private purpose, and I understand its not deductible, I was really trying to establish the pros and cons of going through a refinance to set up a 100% offset account rather than the LOC which is currently in place. And also if I'm on...

To all those experienced investors building their portfolios and helpful brokers - help!:confused: Trying to get my head around a mortgage debt recycling/reduction strategy together with building a property portfolio and looking for any suggestions, the pros and cons of what I'm trying to...

Much thanks given to all your experiences/responses. It has given me something more to ponder. Thank you for sharing.

Hi Rolf Would you care to elaborate pls? ta

Has anyone had experience with these type of loans? I'm looking to purchase/reno/sell a property and then do it again and again. Is it possible to use this type of loan without having to reapply to the lender for a new loan amount if the LVR doesnt change. Then saving on having to pay out...

Is it worth it? Ana Before organising the financing, based on the strategy you use of buy reno sell - from your opinion as from the following comment is it really worth it? Gross profit of say $80 to $90K sounds good in principle, but when you see the net return of only around $20K for all...

Hi Stuart Thanks for the well wishes, I am determined to find a way, and wont be giving up too easily.....just thought I would put it out there as sometimes the first obstacle is overcoming the fear factor and just going for it - but it makes it so much more fun when there is someone else who...

Hi there WFFS Thanks for responding, I have already been to one of your events but I am looking to hook up with someone ready to go ahead now, unfortunately at your event it was more about listening to the speaker rather than being able to network and find a "likeminded soul" ready to move...