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  1. J

    New Purchase, needing massive reno - all financed

    might sound funny, but he is nice when it is in his interest, and not nice when it is not! I am young, and sometimes he can be very dismissive because of this also... Furthermore, i know for a fact Suncorp loan in 1% LVR increments - he is adament that it is 5%... He still (after me mentioning...
  2. J

    New Purchase, needing massive reno - all financed

    mmm, will push for an O/O loan to begin with... I am bailing on my current broker (no not a FHB, currently have 3 IP's, just shifting around my PPOR in the near future as this place will be blue chip inner west sydney) and going straight to the bank on this, so wont be able to dip my toe in the...
  3. J

    New Purchase, needing massive reno - all financed

    yeah, could work with that - could get $10k together to do urgent stuff to get it to a decent standard. Planning on alternating between IP and PPOR with this one anyways... You think better chance of getting this through as a PPOR or IP loan? PPOR available at 95%???
  4. J

    New Purchase, needing massive reno - all financed

    good point Tobe lol!!! Will disregard that then :-)
  5. J

    New Purchase, needing massive reno - all financed

    ok, well this is a really great opportunity. Will put together a detailed info pack, pull all my bank strings, and do my best in hustling a deal... Thanks for your time matey!
  6. J

    New Purchase, needing massive reno - all financed

    Thanks for the info Rolf! what if the following where true: * Technically it is livable (as the elderly owner has been taken into care), but in a very derilict state - not rentable at lease, but does have all the functioning necessities of life. Does this make a difference? * 95% lend will be...
  7. J

    New Purchase, needing massive reno - all financed

    Looking at purchasing a new IP, can secure 95%+LMI on purchase price, but the property is not at all livable in current state. Only have enough $$$ to put up the 5% deposit and buying costs, not enough for a reno. No point in doing a half reno job to make liveable, only really worth while...
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