J
jarrodg2003
Guest
in 2006, i built a new home, my first home.
i've almost paid off the loan, to own it outright. its worth roughly $350,000 - $400,000
im looking to build again (as an investment property) wen i have finished paying off my loan on my existing house. but to do that one needs money, i know its possible to borrow against an already established property. but that's my question,
- how or where do i start.
- r their any little traps i should look out for.
- can u suggest an easier way for me to do this?
i earn $1041.00 per fortnight.
ive got no other loans or responsibilities, as im single and live alone. (long story that one)
ive only got my credit card which has a $2500.00 limit.
i currently pay $800 a month off my home loan, $400 per fortnight.
after my loan repayment and fortnightly expenses i also save $150 a fortnight.
in conclusion
i earn $2080 per month
pay $800.00 on my home loan
save $300.00 per month
can anyone offer me a way to build my second home, so i can rent it for 12 months, then sell it.
i've almost paid off the loan, to own it outright. its worth roughly $350,000 - $400,000
im looking to build again (as an investment property) wen i have finished paying off my loan on my existing house. but to do that one needs money, i know its possible to borrow against an already established property. but that's my question,
- how or where do i start.
- r their any little traps i should look out for.
- can u suggest an easier way for me to do this?
i earn $1041.00 per fortnight.
ive got no other loans or responsibilities, as im single and live alone. (long story that one)
ive only got my credit card which has a $2500.00 limit.
i currently pay $800 a month off my home loan, $400 per fortnight.
after my loan repayment and fortnightly expenses i also save $150 a fortnight.
in conclusion
i earn $2080 per month
pay $800.00 on my home loan
save $300.00 per month
can anyone offer me a way to build my second home, so i can rent it for 12 months, then sell it.