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Hi guys we've purchased our first ip about a month ago now, and am now in the process of sorting out the finance side. we're going to put the property under our hybrid trust. we had pre-approval from the bank, no problem with our income, etc, and the plan was to do 10% deposit and we'll pay the...

hi guys i'd really like some advice on our situation. we want to put in an offer on a townhouse (one of only 4 units) for our first IP. the agent told us that they've got an unconditional offer already of 335K. we're happy to offer a higher price as we've done the research and being quite...

hi guys we're really interested in this one property in a high growth area the asking price seems to be abit lower than others we've seen. we're about to put in an offer, but was told by our broker that the property is a no-no because it's backing the freeway. i'm confused why this would...

hi everyone i'm a beginner and am hoping you guys can help me. i've been looking all morning for information on how to calculate how much equity i can withdraw is it just current valuation minus the loan? so for example if my ppor is worth 400, and my loan is 300 does that mean i can...

hi guys we bought our house about 2 years ago, have done minor renovations, such as changing the carpet to floorboards, painted the whole internal, change lighting, simple landscaping etc a few months ago, we tried to refinance so we can buy an investment property, but the valuation came up...

hi guys if you can only afford to spend 260-270K on an investment property, is it better to go for a smaller unit/apt in the inner western suburbs (eg sunshine etc) or to go for a newer house with land further out from the city (eg melton)? i can see merits on both options, which makes it more...

hi guys i've just got my front and backyard landscaped and to save money we chose to have grass seeds put into the soil. problem is now we have to water it everyday, unless it rains, and it doesnt look like it'll rain till next week. so we've been collecting bath water like crazy, but...

hi everyone! the tenant who's renting our house is supposed to be out by mid this week but then we noticed that they've paid rent for the next month! :confused: we've been trying to contact the property manager, but she's always out!! can they do that? extend the lease without even...

hi guys i'm not sure i understand how the tax works. i did my tax return last year, and have received a notice saying that i have to pay 300. that's fine. but then i get these PAYG instalments notice, saying that i have to pay 350 quarterly. i called the ATO, and asked about this. why do i...

hi everyone we've found a great property that we want to put an offer in for our ppor. and as normal, we want to put in subject to finance and building & pest inspection. But we've been told that other people have put in unconditional offers. since we're really keen on this property, is...

hi guys after researching a few areas to buy our ppor, we 'found' seabrook. seems like a good area, not too far from the city , surrounded by growing suburbs, and still has a pretty reasonable price for a 3 bedroom property. Heard good things about this area as well from fellow investors. we...

hi everyone i'm planning to make an offer soon on a ppor. i'm abit confused with how it all works. with the FHOG, we'll have just enough for a 20% deposit and closing costs. when i submit the offer, do i offer $500/1000 , then pay the 20% deposit within 1-2 weeks? i'm not sure when do we...

Hi guys i'm researching areas around melbourne to purchase my ppor, and found braybrook. i find it strange that a suburb so close to melb (10-11km) surrounded by booming suburbs ie.footscray, has a low median (262.5K). am i missing something? is it because there's a bad stigma attached to it...

hi everyone just wondering if anyone else have ever been in the same situation as us... we're trying to purchase our first ip. the first time we tried to purchase in a rural area of victoria, and when we applied for a mortgage, the valuations come back lower than what we agreed to purchase...

hey all i recently lend some money to a relative, so they have enough to do some renovations on their house. They said they would give it back in roughly about a month. i asked about 2 weeks after i lend them the money if they can really return my money in a month, as now i need it for my...

Hi all i'm thinking of doing a few short courses on home renovation to help me with my first ip. can anyone recommend a good course in melbourne? and for anyone who's done them, whether they're worth the time and money? cheers!

hi all i'm just considering another option to come up with a deposit. i've saved over 20k (painfully over 4 yrs), and need another 8k for a deposit. is it 'frowned upon' to get a personal loan to cover the rest? i dont have any credit card debt or any other debt.... i guess i'm just really...

hi everyone i'm new to this forum and property investing :o after much consideration, me and my partner have decided to use a buyers agent to acquire our first ip. we're thinking about areas which will benefit on the upcoming eastlink. has anyone deal with a good buyers agent in melbourne...