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From: Mike .
Owen....(over here !!!)
From: Russell
Date: 09 Oct 2000
Time: 22:49:43
G'day Owen,(and others!)
thanks for finding me. I've just found this site & forum and from reading many of the comments, I like your work!
I'm 30 years old, married with my first baby due any day now. My wife has stopped working while we have the baby and that leaves us with my wage of $ 35,000 p.a.
We are paying off our home and have built up $40,000 in equity and desperately want to get started on our retirement plan and get that 1st IP under our belt.
I have found a property development company that sells off the plan with a 10% deposit and the balance on completion (based on independent valuation, final inspection and our satisfaction). They build units, low level apartments and houses if requested. This is attractive to us because of the payment terms and the fact the the company can provide all of the necessary services or can work with our own independent people.
Can you give us some advice in relation to (1)suitable LVR's for taking the first step and (2)methods of securing a positive or at least break even cash flow for that 1st IP.
Thanks, appreciate your time and look forward to hearing from you !
Russell.
Owen....(over here !!!)
From: Russell
Date: 09 Oct 2000
Time: 22:49:43
G'day Owen,(and others!)
thanks for finding me. I've just found this site & forum and from reading many of the comments, I like your work!
I'm 30 years old, married with my first baby due any day now. My wife has stopped working while we have the baby and that leaves us with my wage of $ 35,000 p.a.
We are paying off our home and have built up $40,000 in equity and desperately want to get started on our retirement plan and get that 1st IP under our belt.
I have found a property development company that sells off the plan with a 10% deposit and the balance on completion (based on independent valuation, final inspection and our satisfaction). They build units, low level apartments and houses if requested. This is attractive to us because of the payment terms and the fact the the company can provide all of the necessary services or can work with our own independent people.
Can you give us some advice in relation to (1)suitable LVR's for taking the first step and (2)methods of securing a positive or at least break even cash flow for that 1st IP.
Thanks, appreciate your time and look forward to hearing from you !
Russell.
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