Recent Content by ExcuseMyFrench

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  1. ExcuseMyFrench
    Thread

    Impact of having two houses under same plan/SPI number?

    Hey there, I'm looking at buying my first property/PPOR. After looking at the planning maps I have noticed that this house has the same plan and...
    Thread by: ExcuseMyFrench, 4th Jul, 2016, 0 replies, in forum: Development
  2. ExcuseMyFrench
    Post

    Strategy to start out. Buy a PPOR first shortly followed by IP.

    Well no regret, it sold way over our budget. 915k
    Post by: ExcuseMyFrench, 25th Jun, 2016 in forum: Investment Strategy
  3. ExcuseMyFrench
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    Strategy to start out. Buy a PPOR first shortly followed by IP.

    Just got the contract of sale and the BC/rates quoted by the REA are way off the real numbers... That just settled the discussion. If anyone is...
    Post by: ExcuseMyFrench, 20th Jun, 2016 in forum: Investment Strategy
  4. ExcuseMyFrench
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    Strategy to start out. Buy a PPOR first shortly followed by IP.

    @Angel this property is rare, there's only so much 4 bedrooms units in inner north. The new build are vastly 1 or 2 bedrooms with sometimes a...
    Post by: ExcuseMyFrench, 19th Jun, 2016 in forum: Investment Strategy
  5. ExcuseMyFrench
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    Strategy to start out. Buy a PPOR first shortly followed by IP.

    My broker said I would qualify all other criteria. However if we are to move towards rentvesting we won't wait 6 mths just for the LMI. Tired of...
    Post by: ExcuseMyFrench, 19th Jun, 2016 in forum: Investment Strategy
  6. ExcuseMyFrench
    Post

    Strategy to start out. Buy a PPOR first shortly followed by IP.

    Sorry I meant property manager. I did a new excel file from scratch and yes I get completely different results. I missed the LMI deduction over 5...
    Post by: ExcuseMyFrench, 19th Jun, 2016 in forum: Investment Strategy
  7. ExcuseMyFrench
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    Strategy to start out. Buy a PPOR first shortly followed by IP.

    Really? I may have made a mistake in my excel file... While rental expense and rental income would be on par, an IP would cost us more because of...
    Post by: ExcuseMyFrench, 19th Jun, 2016 in forum: Investment Strategy
  8. ExcuseMyFrench
    Post

    Strategy to start out. Buy a PPOR first shortly followed by IP.

    @JackKeily Thanks a lot for your detailed answer, very much appreciated. I'll get onto Margaret Lomas book. Yes we plan onto turning that PPOR...
    Post by: ExcuseMyFrench, 19th Jun, 2016 in forum: Investment Strategy
  9. ExcuseMyFrench
    Post

    Strategy to start out. Buy a PPOR first shortly followed by IP.

    Yes we have, however we haven't requested an IO loan. I assume once/if we are successful at auction we can then shop around for the best deal?...
    Post by: ExcuseMyFrench, 18th Jun, 2016 in forum: Investment Strategy
  10. ExcuseMyFrench
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    Strategy to start out. Buy a PPOR first shortly followed by IP.

    Serviceability should be ok. So one can borrow 105% for an IP? So as not to use the cash in the offset? Off to research what you mean by split...
    Post by: ExcuseMyFrench, 18th Jun, 2016 in forum: Investment Strategy
  11. ExcuseMyFrench
    Thread

    Strategy to start out. Buy a PPOR first shortly followed by IP.

    Hi guys, Lots of great advice on this forum. In a couple of weeks I have learned a lot about things I didn't know I didn't know. We are renters,...
    Thread by: ExcuseMyFrench, 18th Jun, 2016, 32 replies, in forum: Investment Strategy
  12. ExcuseMyFrench
    Post

    PPOR purchase, pre-auction offer or holding off?

    Yes both properties are sold by the same owner - deceased estate - and by the same agent. Opens are at the same time. They will auction property...
    Post by: ExcuseMyFrench, 16th Jun, 2016 in forum: The Buying & Selling Process
  13. ExcuseMyFrench
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    Adding privacy to large windows

    Thanks @Joynz I checked them out and I like the look of them. Option 1 would be tinting windows if allowed by BC + blinds/curtains for night...
    Post by: ExcuseMyFrench, 12th Jun, 2016 in forum: Styling & Decorating