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Son missed the boat.... Son at this point in time only wants to buy new. I am thinking about taking him around in January to have a look at older properties. Anyway the long and the short is he can't now borrow the amount he wants unless it is via a 'not ideal structure'. We have decided...

Will be visiting son this weekend and looking at new H+L properties but have been thinking son could purchase unit at beach, he could stay in this unit and renovate over Christmas and rent out in January or February. Son's MB has not got back to him so I will be following up as I know he can...

Thanks Rolf, I will think about what you have written & investigate. We are heading up to son's house today to look at H+L packages unfortunately son's was notified yesterday by his Broker that due to IP rises... "When the interest rates went up last week all lenders increased their...

Son plans to continue to live in his PPOR with no plans to move but may travel later on. The new property will be IP only. How can son leave funds in offset account and just draw on the equity? Total value = $420,000 PPOR + $380,000 new IP to be purchased = $800,000 (ability to borrow max of...

Thanks Project - I hope son does well. This morning I was reading Josko's post on the below link and I have a couple of questions that need answers http://www.somersoft.com/forums/showthread.php?t=56299 Purchase Price x Interest Rate =A (A- Rent) + Management Fees + Rates + Insurance...

HISTORY Son moved to Brissie with deposit to buy unit/house and did not do anything (rented) until I dragged him and hubby around local area. We looked at numerous properties, explored hosue and land packages, buying block and getting project home, looked at purchasing houses etc. Good...