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I love reading these type of threads. Please keep the replies coming :D Reading threads like this, keeps me on tracking knowing I am doing the right thing as painful as it is.

Hi Redom, Would you suggest that I pull equity out of one my properties now rather than later?

Wow, I need to get off the liqour. In my half drunk state, I read the Title of the thread as "Rolf Not painted the Color I wanted". Made me think Rolf screwed him over somehow :o Note to Self: Don't lurk somersoft while tipsy

Hi MTR I too recently had to replace my PC, as the old one decided to crap itself one night. This link will help you select something suitable for your need. Just get one of the computer stores to build the system up for you. http://whirlpool.net.au/wiki/rmp_sg_whirlpoolpcs

Wow, I've been away from the forums for a bit. Didn't notice this thread was still active. Mate, you and I are on the same boat. Still lost with this second one i bought. No idea what to do with it. Just like you, i listened to another person, who only guided me a for their own personal gain...

Nah nothing special mate. Again I live with my parents. I don't really pay for any expenses, besides about $300 every 3-4 months to my folks. And my first goal out of uni, was not saving up for a car or a holiday. I saved up for the sole purpose of buying a house. So it didn't upset me when I...

I pulled $75K from the first house, increasing my first loan with ANZ from $360K to $425K. The $75K was used to cover as a 10% deposit on the second house + stamp duty and other expenses. A new loan was taken with NAB for the remaining 90%. NAB valued the second house at $320K, even though i...

Hi all. Thanks for replying to my thread. I made the thread and went to bed. Didn't get a chance to look back at the thread until now after work. That's my problem at the moment. I don't have a clearly defined strategy. I'm hoping the books I am reading will eventually help me formulate...

Hi Everyone, Let me give a background about myself. I started working full-time in January 2011 and saved most of what i earned until saving a deposit of 130K in January 2014. Using 91K as a 20% deposit and the remaining amount for stamp duty + other expenses. I bought a house in Boronia...

I received a copy of Cam Mclellan's "My Four-Year-Old the property investor" at the Home Buyers and Property Investor Show in Melbourne. Absolutely wonderful book for a beginner like myself. My question though is, what book should i read next? Still a beginner. I have already read Jan Somers...

Nothing special with my story Started work back in 2011 and saved every penny i made until i had enough for a 20% deposit. Living with the folks helped heaps as they paid for living cost.

Thanks Belu. But wanted my first one to be in Melbourne, hopefully within the east side of Melbourne (I live on the east side). And lol at the auction in momtmorency. Poor vendor and Real Estate Agent.

Sorry for bumping this old thread. Can anyone recommend me a good solicitor/conveyancer in South-East Melbourne. I'm getting a soft-copy of section 32 soon and require a solicitor to go through it with me and add things like pest and building inspection. Any recommendations? :D Edit: Would...

Dumb question from me. Can you outline the steps to follow for a property going to auction that you are considering to buying.

I am interested as well to hear from investors that have IP's in this area. I keep reading about the whole Car Racing Hoons problem in this area. Is this still an on-going problem?

Thanks Aaron. Makes sense :) Looking for something with land though. Is there revalue in apartments close to the city?

Hi Candyinvest Thanks for the feedback. Yes I am also concerned a bit about going and borrowing anything more than $350K from a lender. However I would rather throw a bit more money in an area that has good capital growth overtime, compared to paying peanuts to a S***box and struggling to...

Hi Everyone Just wanted to clear a few doubts. Based on my $72K savings and the $370K borrowing limit from ANZ (I’ve been lazy; I haven’t gone to see financial brokers yet to check maximum borrowing limit), I can only purchase an investment property (PI) worth up to $420K? Tell me if my...

Thanks for clarifying this up Aaron :) I'm gonna talk to some of the staff from work who have experience in investing and get some ideas first about local brokers within the area. I'll see If I can get some information about them and post them here. Can I ask where your son bought his...

Thanks for the explanation :) Really glad I only approached one bank only so far. Alright I will do my research in selecting a financial broker first.