From: Michael Kyp
Hi Forum Members,
I'm new to the IP game and looking for advice if anyone out there has a minute.
My current situation:
Completely own 1 property (Gold Coast)
purchase price $178,000
RENTED AT $210 P/W
Second Property (Gold Coast)
PURCHASE PRICE $182,500
RENTED AT $230 P/W
LOAN ATTACHED $190,000 (FIXED FOR 3 YEARS to MAY 2004 @ 6.4%)- FIRST 3 YEARS INTEREST ONLY.
25 YEARS
How and when would be the time for me to buy my next property?
How would I structure the loan?
Thank you,
Michael.
Hi Forum Members,
I'm new to the IP game and looking for advice if anyone out there has a minute.
My current situation:
Completely own 1 property (Gold Coast)
purchase price $178,000
RENTED AT $210 P/W
Second Property (Gold Coast)
PURCHASE PRICE $182,500
RENTED AT $230 P/W
LOAN ATTACHED $190,000 (FIXED FOR 3 YEARS to MAY 2004 @ 6.4%)- FIRST 3 YEARS INTEREST ONLY.
25 YEARS
How and when would be the time for me to buy my next property?
How would I structure the loan?
Thank you,
Michael.
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