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Hi all Just ventured into a business and been trading for about a year. I was wondering if anyone knew or could assist in acquiring a home loan with (self employed or lo doc) max 90% LVR and require only my last income tax? At a glance, most bank require last 2 years of income tax and...

Hi all, Just wanted to hear some thoughts and advice from fellow investors. I am in a fortunate position of inheriting some amount of money in the vicinity of $450 - $500k mark. I don't own any properties as of yet and am renting at the moment. What would you do with it in terms of...

Hi all, Looking for a vacant land to build a new house on. I have recently come across a few lands where its cheap, zoned 2a (small population/residential dwelling). The land cost around $100k - $150k. The only catch is, the land is not serviced (no sewage, power, water, road and etc). The...

Have a question I'd like to ask some fellow somersoft followers. Parents owned a house which is mortgage free. Parents wrote a will stating that the house will be given to me. Parents later passed away. House is still officially under parents name but there is a will in place. I want to...

Hi all, Looking to buy land and build new home at Riverstone. Couple of lands released and available for sale. In 2010 the government apparently has rezoned some parts of Riverstone into residential zones. (R2?) Some of the lands are pretty cheap at the moment but is surrounded by bush. One...

Been in my job for 4 months FT now. My base salary is $45k P.A + shift loading and OT, brings my salary to $90k per year at the moment. Has been steady like that since I commenced employment here. When applying for a loan, will the lenders purely base my income on the base salary of $45k or the...

Im in the market for my 2nd IP. Ive come across one nearby. Its a 32sqm studio with an 8 sqm courtyard. Suburb is well developed and tennant vacancy is low. Asking price is $190k. Owner bought it for $150k 3 years ago. So anywhere between is good. But definately nt worth $190k. It rents for $240...

Hey there, I just want to enquire something quickly. I got a pre approval from a Bankwest (went to Aussie homeloan) for a standard var 5.7%pa. This is an investment property and with todays interest, i think its kinda high. Reason is that cause the LVR is 95%. I have enough to make the LVR to...

Ok so i'm finally gonna settle onto my first 1st IP tomorrow after previous fall out experiences...... This IP is 2bdr 1 under car space and is situated in Burwood Sydney NSW and is about 5 minute walk to westfield and station. Bought it for $280k and is renting out at $270 per week. Its just...

Ive previously had bad experience and fell through after weeks and weeks of delaying settlement.. So now, i want to be more cautious. Ive engaged contract negotiations with my conveyancor and have signed the contract but she is yet to do the exchange until shes know i am 100% good with the...

I was just wondering if this is possible with my current situation..... Just purchased my first IP and waiiting for settlement in 2 days time!. Im on a $50k job and my loan was $286k less my 10% deposit so the loan is now about $260k. Its currently tennanted @ $300 pw. My gf is working casual...

Ok, my settlement has been delayed for one week cos the vendor has some sorta finance problems. No harm for me at all. The unit im purchasing is currently tennanted for $300 pw. I was just thinking, altho there is no harm in it all for me for the settlement delaying, however, i was thinking...

My settlement is due in 2 weeks time from now. I still need to do a final inspection. I wanna get some advices from u guys about settlement day. Is there anything i should be looking out for on the settlement day? is there something else i need to do? And also, is there some check list for...

My settlement is in 2 - 3 weeks time from now. Its currently tennanted @ $1300ish p/m. REA told me the rent money will be deposited into my account. My salary is about $50k p.a. Heres the question....... Ive applied for a FHOG and its approved. Since this is a Home im technically living in...

Ok after weeks of waiting and troublesome, ive finally purchased my first IP! tho im still waiting for settlement day which will be in 3-4 weeks time from today. Anyway, ive got a plan for the coming years. After doing some calculations i wanna see if it'll work or not and to find out, this is...

Ok ive sat around for sometime and thought about it over and over already about using your equity on ur IP to purchase your 2nd IP logic. But how does it actually work when it your debt just keeps on going up and up? This is what i think of equity. Tell me if im wrong cause i am not 100% certain...

Just a quick question, is there such thing as Verbal agreement? as in, if a vendor agrees to sell me his unit at xx amount, (we both havent signed the contract of sale yet), and someone pops up in the picture and decided to offer xx amount more than my offer, can the vendor change his mind and...

After all the wait, the Vendor and i have accepted a deal in the $286k mark. Its a 2bdr unit with LUG in Hurstville NSW Sydney (South side) and is 2 min walk to Westfield shopping centre + Asian grocery shops. Im now in Day 2 of 5 cooling off period. Everything went smoothly until Yesterday...

ok ive been looking around for my 1st IP @ Hurstville today. Been to 7 inspections today and countless hours on the net for the search of my 1st IP. Came down to one i like. Been to my finane guy and got a pre approval for $295k. The IP is selling for $308k asking. heres where i need help...

Ok now, im gonna go meet up with a financial guy later on today and discuss with him about home loans and etc etc. It is my first time going to meet up with someone formally and discuss home loans. What kinda questions should i prepare myself? Been looking around myself for home loans at...