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UPDATE: Reading back on this thread it seems like so long ago. Well, we did end up selling the house, the agent ended up halving his fee and apologized for being unprofessional. The couple who bought the house are middle aged investors who just want to sit on this place until retirement &...

Thanks Ziggy. (have posted a new post for that) Hubby went and asked REA to take the house off the market this morning & well it hasn't gone quite as planned. He did have an offer of $370,000 on the table he was a bit 'stressed' (as we can understand he has been working on selling our house...

thanks Skeetaboat just got hubby to check the contract the REA hasnt ticked that box, looks like we are just up for advertising & land title searchers fee.

Thanks again, we definitely will be sticking around ;) Hubby is off to see the REA first thing tomorrow to take the house off the market :)

Thankyou everyone so much for your advice. It is hard when you dont always have the right people to talk to. This is actually our 4th house we seem to just be going round in circles. We looked into selling this one as a few people had told us that we could get to our second IP quicker if we...

Yes it is the first offer which makes it even harder for us as 3hrs ago we thought selling our home was the right thing to do. We didnt put it on the market because of our debt we put it on the market to get into property investing. Thinking if we could pay out our bad debt at the same time...

OMG! I am freaking out, we just had a call from the agent saying we have an offer & he wants to see us both tomorrow........help me what should i do? I dont even know for sure that we can refinance but i understand now after 'this' aha moment that we should. The house has been on the market for...

How realistic is getting a $290,000 loan on a $74,000 income?

Ok processing :) Is it wiser for me to refinance and rent this house out & be better off in the long run ???

We wouldnt be able to rent out the house the repayments are $425pw and rent would only fetch $350pw. We wouldnt have any cash to back us up if anything went wrong. $350pw rent from tenants would still leave us paying rent of aprox $300pw plus we would still have to contribute $125pw ourselves &...

Thanks for all the relplies, Ok ill give you the facts. The house mortgage is $240,000 its on the market for $370,000 we have $50,000 of debit ($27,000 personal loan $20,000 credit cards) We have looked into refinancing but it would leave us with huge repayments & no life with 3 children...

Hi weg thanks for your reply Oh, i meant 2 adults 3 kids :) We built a house in a nice new estate 17 months ago which is on the market at the moment. We have always wanted to get into investing in property, our plan is to sell this this place (we built it as a cash cow), walk away with...

Hi there, loving all the info on this forum :) Just out of interest are there any investors out there that fit into the family of 5 on 1 income cat? Can it really be done?