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  1. M

    WWSSUD? What Would Somersoft Users Do?

    End goal: Buy a PPOR in Sydney's inner west. Minimum 2 bedrooms, doesn't have to be a house, but must be dog friendly (ground floor unit/villa/townhouse). Maintain our IPs to eventually have a comfortable rental income ($50k per year or so in today's values) Current situation: In our early...
  2. M

    [REDCLIFFE PEN] 2 Offers Accepted, Only have finance for 1

    Ahhh! Have had two offers accepted, and torn between the two. Appointments to sign first thing tomorrow morning. Both properties in Kippa-Ring QLD Property 1 - Corner block 656m2, 33m frontage 3 beds / 1 bathroom / 2 garage lowset brick and tile, original kitchen & bathroom, carpet/lino...
  3. M

    Increase Loan and then split

    Hi All. Long story short, I'm dealing with a less than helpful broker :mad:, and my accountant is MIA at the moment, not ideal when possibly about to make a costly mistake. For some reason our broker didn't want to go down the path of taking out a separate loan such as a LOC to access the...
  4. M

    Amp

    Hi All. I tried to use the search function to find any existing information on AMP as a lender for investment purposes, but the search engine doesn't like the term because it is either too short or too common. Does anyone have tales, whether good or bad, in using AMP for a home loan? Our...
  5. M

    Buying 2 out of 3 villas in block

    The opportunity has come up to purchase the rear villa in a block of three where we purchased the middle villa two years ago. The vendor has come to us with a price I think is below market value (as he would be saving on costs associated with selling through an agency) and fair. I was...
  6. M

    When to time renos / revalue / DS

    Seeking some advice about when to do what to maximize claimable expenses. The situation is as follows. Property currently claimed as PPOR, will be turning to IP in December. Intentions are to claim as PPOR with the 6 month/6 year rule. Have done a few cosmetic upgrades (paint, lawns etc) in...
  7. M

    Equity from IP for PPOR deposit

    I think I'll be wanting to purchase a PPOR in the next 12-18 months. The only issue is that I don't anticipate to have a large cash amount (35-40k). I do however expect to have a bit of equity from two IPs. From my understanding though, I'd be contaminating my loans as I would not be able to...
  8. M

    When does PPOR become IP?

    I've been given conflicting advice on the topic. My situation is the following: - property settled 18th June - currently residing in it as PPOR - RE has advised that I should sign an agreement with them circa November 2014, advertise the property available for rent from 19th December...
  9. M

    Management Fees - Central Coast, NSW

    Hi All, I did a quick search on the forum and found a few related topics, but none for this specific area. I've received a few quotes now, and all are between the 7-7.5% range which is about 2% higher than Sydney. Is this the norm for the area? Also, I expected that if I went with the...
  10. M

    Claiming a PPOR each?

    Hi All. Love this forum and have been reading for a while, and now its time for my first post. A very good friend and I have purchased our second investment property. The first one was purchased as an IP straight out, and now this second one we are planning on living in for 6 months to...
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