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Thanks guys! Thought that sounded right.

Hi all, After purchasing my first property (IP) two years ago, I have just purchased my second property (PPOR). The past 2 years I have had an offset account linked to my IP loan which is interest only. My question is, now that I will have an IP and a PPOR which loan should I link the offset...

Thanks for the reply Jake! I couldn't find much like these in the carlton area... only 30 on the block and sercure carpark (not basement). Although ascot vale also looks really good value!

True, although a quick Google search reveals 2M dollar plans for the Neill St Reserve in next years budget..

Why do you say that Aaron?

Hi, I am looking at investing in this block http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/VIC/Carlton/?adid=2010540652 I just wanted to see what the wise people on here think :) Feel free to reply with a yes/no and why or elaborate if you wish!

Hi all, I would love to hear your opinions on the Advantages and Disadvantages of setting up a Family Trust to purchase property under as oppose to regularly purchasing under your own name. Cheers

Hi all, Most likely a simple Q and A but I have heard/read conflicting opinions recently... If your first property purchase was an IP which you had never lived in, could you later purchase a property to live in and claim the First Home Buyers Grant? Cheers

Jake, was wondering what your thoughts are on black rock units/townhouses?

Great stuff MTR sounds like your flying!!!

Great post MTR!! I think it would be a fair comment to say not many people would get things 100% right the first time. Can I ask what your end plan is now?

Hi Lynchy, Thanks for the post and sharing your story, its great to see a bunch of young investors on here :) I think what differs between you and I and our dealings with getting a bank loan and serviceability is your property was 340k mine was 500k (median unit price for suburb is 650k so...

Where's the Y Man's opinion when you need it!

Great news!!!!

In regards to my next purchase (whenever that may be) does anyone know whether i could claim the FHOG? Aaron C you seem very knowledgeable so I hope you see this... As most of you would now know, my situation is 1 IP tenants in common with mother (she has a PPOR). I have never lived in the...

Armadale is a great area! You sound very focused and with a logical selection criteria, best of luck with it mate!

Hey 7smurfs! The bank views my serviceability as both myself and mum's income plus rental income. Even though mum hasn't paid a cent. Thats a great yield! what suburb is your property in? I did think about living in it for 6 months and doing a similar thing, but at the time i was...

Hey sam, Thanks for the post, for sharing your very similar story and for the great tips! Where do you plan on living when you do move out? Any desire to live in any of your properties? Best of luck with your developments!!!

Yeah I think making the first plunge into property is the scariest thought! A common piece of advice from people i have spoken to is: the right time to buy is whenever you can (eg. don't wait for the "right time" get in as early as you can) and don't sell ever! Cheers for that mate

Thanks Jtkumnick, appreciate the kind words!