Search results

Thanks Aaron - how much do you need to substantiate the reason for increase - (i.e we are talking basic refurbs - cleanups/update kitchen/bath, used for investment deposits)? This has been mentioend on other posts - gues it depends on lender Alternatively I could do what is suggested here...

I have ended up going down similar path for now - about to settle on first IP (yes long drawn out process)....with LOC with St George on NRAs property as mentioned. I have also been approved for I/O loan for second regional IP with CBA. The loan on this is quite small (120K - 90% LVR) and...

That sounds good - the only thing that's a little unclear is did you convert your ANZ breakfree loan to a ANZ Equity Line of credit on IP #1? And then with the deposit got a new IO loan - that makes sense to me but just wanted to confirm thats what you did.

Yes I don't expect my first planned few to have huge growth - instead they will be good small cash positive ones and yes will mostly fund them with my 20% cash deposits

Unfortunately for me I am at the smaller end of town right now so it may be these weeny IPs Rolf speaks of for me for now

Thanks Terry - yes that is cleaner. I guess my only other query around structure with multiple IO loans is if these any total equity growth be tapped into going forward without combining these? I.e Equity from IP 1 + Equity form IP 2 etc

Thanks Rolf - yes broker is on board - I think their push to STG was more that they were a NRAS lender and then this would fit with my portfolio plan as well by using their product. However not warning me that this would involve xcoll was I guess my concern but then thats up to me to research as...

Thanks - that is what I am thinking now that the IO with 100% offset is much better. And yes agree starting wrong at wrong time is not what I want to do. What more information is required for a recommendation? maybe from looking at it 3 a year is more realistic. Here is my plan in more...

I am about to buy first IP this month and am in the process of formalising a loan and a structure to handle ongoing purchases of properties. I really want to set this up right from the start as I am getting conflicting views from my broker and from what I am reading and am just looking for a...