Hi Scott, I listened to your podcast and congrats on the portfolio. You said purchase price was around 8 million with around 6.5 million debt. Now...
Has anyone used westend real estate ? Gina and rosa their names are. They have looked at properties etc for me in the past.
I would be looking at carrum downs, cranbourne. These areas are hot but still affordable and has a lot of growth drivers. I think they're...
I bought two properties in Sydney one in 2011 one in 2012. I wished I was older to buy more property as I was only 20 at the time and ran out of...
I think you can still get into Carrum downs at a reasonable price, I was there only a few weeks ago and liked the feel of the area way better then...
Thanks for the advice, I will take this up with him today. And let you know what happened. Thanks
Hi t hi Terry I will bring this up with him as I thought it would be deductable as well, don't know why he is saying its a capital cost. I will...
H hi Terry, I just asked my accountant about these break fees being deductable in the financial year and he said no it is a capital cost. Now I...
Thanks Terry !
Hi Terry I have recently broken an investment loan and refinanced it to another bank. Would these break costs be a capital cost or a deduction...
I ended up buying in crestmead in 2014 for 305k 4/2/2 650 sqm corner block just got valued by the banks for 350k. Rents for 375 a week and had the...
Well I'm only 25 so not to much to look back on just yet. But I would have bought more property in Sydney 5 years ago. Also I would have went into...
This is true. But if you're paying off debt and you lost your job and had 10 houses let's say then how will you live and pay for your houses ? You...
Well that depends on your strategy. For me I pay I/O on all my loans and save cash in my offset as my buffer. I think ATM with the low interest...
I ended up purchasing in Carrum downs last week. Paid 345 k 3bed two bath. Lucky it has side access of 10 metres and 25 metres deep so hope to do...
They put you in a category and you can find out by the bank what category it is and how bad it is. I couldn't get finance with cba for a year. I...
Hey mate I had this happen with my second house at about 22 years old. Pretty much hindered me for like a year even though it wasn't my fault. I...
I am only 25, now have 7 houses so I'm lucky I have time on my hands. But my strategy is to buy and hold 10 to 15 properties before I'm 30. Wait...
Awesome to build that sort of portfolio by 24 ! Good to see other young investors like myself. Let's hope binvested brokers didn't get the bank...
Cranbourne I was actually looking at today. It ticks all my boxes except cashflow isn't that great and land availability. In saying that the...
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