Search results

Thanks myoung. At this point in time we want to keep it pretty conservative, the longer term plan is to continue to buy and hold over the next ~10 years. The goal is 5 IP's plus our PPoR over the next 10 years. But we'll revisit that as we go. Our next step is to see both a Mortgage Broker...

Hi Maxx, Thanks for the info, yeah I need to get my head into more of the details on the finance side of it. Sounds like you're in a good position to jump in. Do you have a plan yet RE your strategy and locations etc? Are you planning to buy now or wait to see what happens in the next few...

Thanks Norwoodman. I see that I've left out the purchase costs in my numbers. I had a look at the online calculators and they suggest the purchase cost to be around $15K (Assuming no LMI) Thinking through the numbers more, does this make more sence: Equity in PPoR: Current owing = $270K...

Ideally 5.5% yield ($320 per week rent on a $300K purchase). Whats attracted us to consider the area: - Median prices around $300K - Yield of ~5.5% - Strong historical growth for a regional location - Good quality local shopping strips - Still close to the center of Geelong -...

Hi, Thanks for the reply. Not sure if this answers your questions? Have spoken with the Bank and discussed on paper at a high level, but haven't done anything official yet. My question was to the Bank "Based on the equity in our home, how much can we borrow for an IP" and the answer was...

Hi All, Long time lurker, first time poster. Firstly, thanks to all the posters sharing their knowledge and experience. It's helped enourmously in us getting to this point! My wife and I have been trying to put the wheels in motion to start investing in property. We've been reading as...