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From: Cathy Booth
This is the 2nd time we are about to invest in property. First time a disaster. - wrong advise, wrong loan, wrong town. Based on my husband and my income and equity in our current home which is mortgage free we can borrow $600,000 (already found out). My husband wants to purchase an acreage in Brisbane with a 4 bedroom home on it, with the view to retire there, but with capital gain. We also would like to buy a property 4 - 6km from city centre in growth area in Brisbane. The dilemma is do we buy 2 now and have 1 loan and less fees, or do we buy one now and one later this year. Also we have $100,000 liquid, so am unsure whether to borrow $100,000 less ($500,000) and use the $100,000, or borrow the $600,000 and then pay $100,000 off straight away to get us further ahead in our loan repayments.
Also - can anyone advise a good accountant in Brisbane who has property as I don't know if we are getting the right advice. Does anyone have any advise for me??? Thanks so much, it's hard trying to decide what to do.
This is the 2nd time we are about to invest in property. First time a disaster. - wrong advise, wrong loan, wrong town. Based on my husband and my income and equity in our current home which is mortgage free we can borrow $600,000 (already found out). My husband wants to purchase an acreage in Brisbane with a 4 bedroom home on it, with the view to retire there, but with capital gain. We also would like to buy a property 4 - 6km from city centre in growth area in Brisbane. The dilemma is do we buy 2 now and have 1 loan and less fees, or do we buy one now and one later this year. Also we have $100,000 liquid, so am unsure whether to borrow $100,000 less ($500,000) and use the $100,000, or borrow the $600,000 and then pay $100,000 off straight away to get us further ahead in our loan repayments.
Also - can anyone advise a good accountant in Brisbane who has property as I don't know if we are getting the right advice. Does anyone have any advise for me??? Thanks so much, it's hard trying to decide what to do.
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