On a recommendation from a friend, my wife and I (both aged 27) went to a Knowledge Source event on the weekend (don't worry, we didn't buy the $5k course!).
If you don't know, Knowledge Source preaches buying CF+ properties and properties with good growth potential, instead of putting $ into negatively geared investments.
My parents recently retired quite young by buying good negatively geared properties, and we had planned to do the same. We were accordingly both skeptical about the seminar and didn't expect much.
Luckily, we didn't waste our Sunday, because the points made were valid and logical, and we both came out very interested in looking at CF+ property, such as regional unit blocks.
I had a few questions from the day and also since reading up on this website, and would love some input.
1. They told us yesterday to not have your PPOR with the same banks as investment properties. We have about 100k equity in our home, which we would like to use for a deposit instead of going into our cash savings. What is the process for doing this if we don't refinance through the same bank?
2. Pricefinder looks good, but the only product I could find was $180 a month. Is this just what it costs or is there a cheaper alternative? At this stage I think I could get enough value from the free information available if Pricefinder will cost $2k a year.
3. From experience, is it difficult finding renters in regional Victoria to fill a cheap unit? I saw some threads about people having to drop rents and wondered how that applied across the board.
4. When looking for CF+ property, is it as simple as being in the right spot at the right time to find something that works for you? I found a few properties online that look decent, but it seemed too easy, making me wonder what the catch is!
5. When buying insurance for a block on units on the one title, is the usual to get a separate policy for each?
If you don't know, Knowledge Source preaches buying CF+ properties and properties with good growth potential, instead of putting $ into negatively geared investments.
My parents recently retired quite young by buying good negatively geared properties, and we had planned to do the same. We were accordingly both skeptical about the seminar and didn't expect much.
Luckily, we didn't waste our Sunday, because the points made were valid and logical, and we both came out very interested in looking at CF+ property, such as regional unit blocks.
I had a few questions from the day and also since reading up on this website, and would love some input.
1. They told us yesterday to not have your PPOR with the same banks as investment properties. We have about 100k equity in our home, which we would like to use for a deposit instead of going into our cash savings. What is the process for doing this if we don't refinance through the same bank?
2. Pricefinder looks good, but the only product I could find was $180 a month. Is this just what it costs or is there a cheaper alternative? At this stage I think I could get enough value from the free information available if Pricefinder will cost $2k a year.
3. From experience, is it difficult finding renters in regional Victoria to fill a cheap unit? I saw some threads about people having to drop rents and wondered how that applied across the board.
4. When looking for CF+ property, is it as simple as being in the right spot at the right time to find something that works for you? I found a few properties online that look decent, but it seemed too easy, making me wonder what the catch is!
5. When buying insurance for a block on units on the one title, is the usual to get a separate policy for each?
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