Hi all,
I'm a newbie here and am looking to purchase my first investment property.
I'm living in my own house at the moment, valued at 560K recently.
Loan remaining: 420K
combine income: 130K
Looking to buy something around $350K-$400K. House preferred.
Which area should i be looking for in Perth with reasonable good capital growth?
Could i use my current equity for deposit and fees for the first IP and without cross corateralise my own home? Or do i need to fork out a lot from my pocket to get one?
I'm a newbie here and am looking to purchase my first investment property.
I'm living in my own house at the moment, valued at 560K recently.
Loan remaining: 420K
combine income: 130K
Looking to buy something around $350K-$400K. House preferred.
Which area should i be looking for in Perth with reasonable good capital growth?
Could i use my current equity for deposit and fees for the first IP and without cross corateralise my own home? Or do i need to fork out a lot from my pocket to get one?