Great website...
After some mind scrabbling and 5 mths of looking around, sign up for our first IP tomorrow.
Have decided the following course, and any comments/suggestions/advice would be very much appreciated, we are certainly not wealthy investors. By the same token we can weather a few storms which might come. It surely can't be so complicated as to discourage investing ?
Older 2br house on good block of land and location (tenanted).
Funded : Bank 55% us 45%.
After settlement we proposed having $ sum equal to about 70%+ of the Mtge in an offset A/c.
Property Mngr : yes
LL Insurance : yes
Aim is to pay off asap then knock down rebuild in a 5-10 yr time frame.
Am I forgetting something ! (hope not...!!! )
After some mind scrabbling and 5 mths of looking around, sign up for our first IP tomorrow.
Have decided the following course, and any comments/suggestions/advice would be very much appreciated, we are certainly not wealthy investors. By the same token we can weather a few storms which might come. It surely can't be so complicated as to discourage investing ?
Older 2br house on good block of land and location (tenanted).
Funded : Bank 55% us 45%.
After settlement we proposed having $ sum equal to about 70%+ of the Mtge in an offset A/c.
Property Mngr : yes
LL Insurance : yes
Aim is to pay off asap then knock down rebuild in a 5-10 yr time frame.
Am I forgetting something ! (hope not...!!! )