Hey Richard,

I know very little about cross collateralizing (Just spent 20 minutes reading) and can quite easily see the negatives associated with this structure. Actually i do not think i saw one article promoting it!

Just on my situation though, I have a split loan with my brother for our PPOR through Bankwest. We have been approved to…[Read more]

Unfortunately I may not be able to return the wisdom in regards to photography. I actually no less about that than i do about property investing. haha

I currently own my PPOR with my brother on a split loan with Bankwest. We both have separate offset accounts which offset our individual loans.

As i mentioned we have just received our planning…[Read more]

Hey Jamie,
Firstly i just want to say a big thank you for all your assistance on these forums, your continued advice and guidance is always extremely appreciated.

I think a valuable lesson I am learning is to wait until the morning to try and understand something because at night after a days work my brain basically does not function! haha.
First…[Read more]

Hey Jamie Im still having trouble getting my head around how it works. If I have 100k of actual equity, why can I only access 10k? Could you maybe give me an example of how the figures work?

If my home is valued at 450k and my loan is 350k If I want to buy an IP of say 300k then I would require 60k for a deposit of 20%. I thought in that…[Read more]

Very interesting post and a lot of food for thought.
One thing I am curious about is how the equity loan works? Is it any different to a standard home loan? As in does it have the same interest rates, can it be paid over the same long period.etc?

For example my home loan is 350k and my home is valued at 450k meaning i have 80k equity…[Read more]

Your most welcome Pat :)
As i continually keep saying I myself am like you and just starting out and things such as this forum are absolutely invaluable. Forum users like SuperAndrew and Richard Taylor will be much more educated and informed to give you the right advice.

I always like to offer out suggestions though as i find it the best way to…[Read more]

Hey Jamie,

Thanks for sending that through. You have written that article extremely well and very easy to understand.
I guess the thing I am still having trouble with though is can you claim any tax benefits when your property is positively geared?

Take your positively geared example from your blog:
Total investment property costs $2,000
Total…[Read more]

Thanks again super!
If possible could you just run through an example for me how this works?

Thanks Super
I did not calculate the deposit component but also did not add the closing costs which on that amount in QLD would be $7700. This changes it to cash flow positive $25.

And i do apologise for my brash statement that “in this day and age there is pretty much no such thing as positive geared property on a principle and interest loan” I…[Read more]

Hey SuperAndrew,

As i said in my initial post I am new to this myself so only offer advice on my understanding so definitely appreciate any fixes to my incorrect statements :)

That being said i am hoping you could help clarify something. In your thread there is a property listed for 23/460Ann St for $250,000 currently renting at $360 per week.…[Read more]

No you would not be making money effortlessly because as far as i am aware (happy to be proved wrong) in this day and age there is pretty much no such thing as positive geared property on a principle and interest loan. What that means is if you do find a positively geared property your loan would be interest only. Your tenants would not be paying…[Read more]

Hey Pat,

I really think you should be looking for a properties you can make quick capital gains on as opposed to a buy and hold strategy. Are you handy with the tools or have access to others that could help at the fraction of the cost on a renovation?

Given you have 0 equity and your combined income is only o.k then you need to look at other…[Read more]

Hey Pat,
Welcome aboard! As i say in all my posts i myself am new to property and like yourself have been spending extensive time researching. The reason I mention that is because any advice i give is just my opinion and may not be the right advice for you, but i like to offer it anyways as it helps me as well :)

Firstly I think you are in an o.k…[Read more]

Hey Daniel,

I am from the west and would love the opportunity to catch-up with fellow investors.
I myself do not yet own an IP and plan on spending the next year educating myself and see this as a perfect opportunity to learn even more.

So when you decide to arrange something, let me know and i am in. Just make sure wherever it is has good coffee :)

Without reading through all the pages in this post I just finished 0 -130 (LOVED IT STEVE!).
But the book makes endless mention of registering my copy along with some mentoring program that i cannot seem to find anywhere on this site?

Hey Grant,

Again I am all very new to this myself so any advice I give please do not take as gospel, it is just my understanding from all the reading and research I do.

Option 1 I may be missing something but am quite confused. You say the market value is basically 1.1mil but you are going to make an offer 400k below this? I appreciate it is a…[Read more]

Hey Granted,
Welcome aboard! I am fairly new myself and to property and this forum in the short time i have been a member has already given so much meaningful insight.

To answer your above question then on a parcel of land of that size I would be much more inclined to go for 3 or even 4 lots if possible. The reason for this is if you split into 2…[Read more]

Thanks Jamie
I am thinking for my first attempt I will probably try and source my own property and see how I go (you never know if you never have a go).

My thinking being If i make a mistake it might cost me say 10k compared to if a BA sourced something decent for me(given I still do a lot of my own research and be very diligent, otherwise i…[Read more]

Hey Jamie,

Thanks for the speedy reply.
It would need to be a Melbourne based purchase where i am from as I would be doing a lot of the work along with my contacts. Even better would be one close to my current location (North West Melbourne) so I can easily access it after work and during weekends.

Are you saying if its a local purchase you…[Read more]