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Hello from Logan

Discussion in 'Introductions' started by David24, 11th Oct, 2015.

  1. David24

    David24 Member

    Joined:
    11th Oct, 2015
    Posts:
    6
    Location:
    logan
    Hi All, found PropertyChat via Somersoft, looking forward to being in a positive attitude, like minded group.
    About me, recently sold PPOR and have no IP's. Have modests funds for deposit on new ppor and no debt. Currently renting :( with an oppurtunity to buy from landlord < $300 K. Looking for good advice and encouragement.
    From Logan , not brisbane southern suburbs .
     
  2. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,391
    Location:
    Mt Druuiitt
    Hello from Mt Druitt! Your sister suburb from NSW.

    Good luck with your new purchase.
     
    bob shovel and JDP1 like this.
  3. House

    House Well-Known Member Premium Member

    Joined:
    13th Sep, 2015
    Posts:
    767
    Location:
    Sydney
    Welcome aboard! Plenty of chatter about Logan being a good investment spot, what have you been seeing?
     
  4. David24

    David24 Member

    Joined:
    11th Oct, 2015
    Posts:
    6
    Location:
    logan
    Hi Alexh ,
    I'm only new but I see the rent return on a IP higher than an I/O loan repayment , freeing up funds to pay off ppor loan early . Any capital growth would be a bonus. it's a simple strategy and the sub $300 k properties in Logan or any high rent / low capital growth area would do this. Plenty of worst house best street ( by local standards ) opportunities here.
     
  5. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,458
    Location:
    Sydney & Gold Coast
    Welcome @David24. Lots of great info around the place so go nuts, read up, ask questions and enjoy.