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From: Joo Joo
Hi Guys,
Im settling my first IP (DHA property, positively geared till june 03) on mon and am contemplating what to do next?
Any recommendations, everyone says what they will give to start all over, this is your chance, through me!!
I'm twenty, a uni student, have a full time job but am thinking of going back to uni full time in march. This first property was purchased with very little research (all I looked at for Capital growth was the percentage increase in the Domain website), since then Ive learnt a considerable amount.
Firstly, what is the difference btw a LOC or a normal loan that has the facility of redraw?
Secondly, what should I do? buy 1 or 2 off the plan using deposit bonds then sell on settlement? or buy land and build duplex and either sell or rent? Or should I give flipping a go, I'm not too sure where to find many investors who I could sell to? Or should I simply build up some equity and buy a small unit in my area?
How can I organise the unit to be revalued, I would like to do something around March, researching is one major thing, What should I do guys????
Awaiting ur wisdom
joojoo
Hi Guys,
Im settling my first IP (DHA property, positively geared till june 03) on mon and am contemplating what to do next?
Any recommendations, everyone says what they will give to start all over, this is your chance, through me!!
I'm twenty, a uni student, have a full time job but am thinking of going back to uni full time in march. This first property was purchased with very little research (all I looked at for Capital growth was the percentage increase in the Domain website), since then Ive learnt a considerable amount.
Firstly, what is the difference btw a LOC or a normal loan that has the facility of redraw?
Secondly, what should I do? buy 1 or 2 off the plan using deposit bonds then sell on settlement? or buy land and build duplex and either sell or rent? Or should I give flipping a go, I'm not too sure where to find many investors who I could sell to? Or should I simply build up some equity and buy a small unit in my area?
How can I organise the unit to be revalued, I would like to do something around March, researching is one major thing, What should I do guys????
Awaiting ur wisdom
joojoo
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