I own my PPOR The bank value it at $445000 and I also $130000 in the bank.
I have now purchased 2 IP,S to be built.
Investment 1 Paid $175000 for land and $180000 for house to be built on.
Have loan for $337000 I will put in the rest $18000. $355000 Pakaged
Rent should be $350 to $370 At Skye
Investment 2 Paid $342500 spec home of 5% deposit pay the rest at completion Have approval for $300000
Rent should be $335 to $350 I will put in the rest $45000...
at Pakenham Devonia Lakeside
I am very new at this so my question,s are ,
The CBA say I should? Put my PPOR up as security.
Do I really have too.
Between my myself and the wife we earn $75000 per annum.
Have we over committed???
Everyone seem,s to talk about the bubble ...... I believe that there it will slow down or maybe a correction of sort,s.
due to supply and demand??
I am just showing a little bit of concern due to some people are saying I am doing the wrong thing at investing?
Just after some thought,s or advice
cheers
2atonce
I have now purchased 2 IP,S to be built.
Investment 1 Paid $175000 for land and $180000 for house to be built on.
Have loan for $337000 I will put in the rest $18000. $355000 Pakaged
Rent should be $350 to $370 At Skye
Investment 2 Paid $342500 spec home of 5% deposit pay the rest at completion Have approval for $300000
Rent should be $335 to $350 I will put in the rest $45000...
at Pakenham Devonia Lakeside
I am very new at this so my question,s are ,
The CBA say I should? Put my PPOR up as security.
Do I really have too.
Between my myself and the wife we earn $75000 per annum.
Have we over committed???
Everyone seem,s to talk about the bubble ...... I believe that there it will slow down or maybe a correction of sort,s.
due to supply and demand??
I am just showing a little bit of concern due to some people are saying I am doing the wrong thing at investing?
Just after some thought,s or advice
cheers
2atonce