Thanks Benny,
that’s exactly what I wanted to hear.

I’m no expert I would say yes because it’s easier to divide between properties and sounds like PPOR too so even more important.

In terms if mortgage repayments the banks will normally insist on what the best savings are using offsets etc.

Pretty sure in regards to tax so long as you calculate right it doesn’t matter, but it’d be hard to work…[Read more]

Sounds like you’re doing the right thing, unless you need a new managing agent? See

I’m surprised nobody has mentioned this and judgemental as I may seem, i don’t care I lived in Dandenong for 5 years, I considee myself centre left but,

Consider socio economics. Holiday parks and caravan parks are not the same thing. There’s also a law somewhere I believe about not being allowed to refuse rights of accommodation. Have to confirm…[Read more]

Very helpful redom thanks. Yes Helen collier kogtevs makes this point about credit cards. People are stupid enough to hold them blank. People also misuse them. I used to, but I have a $1000 limit card I keep. $5000 is unlikely to make or break a deal.

Other things I’ve learnt are fixing a loan for 3 years reduces the bank’s buffer zone when…[Read more]

Profit margins
Multi borrower mortgages, how they differ lvr, issues
How to find out you can subdivide before you buy
Advantages of using professional companies vs trying it alone
Minimum recommended project cost for 2 units 3 unit 4 units etc
Minimum recommend land size for same
Tax implications gst cgt

Thanks for your help everyone. I emailed my broker about having my cake and eating it too. We will see what he says.

http://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Save $100 at 5% for 30 years

Or delay 5 years

Save $100 for 5% for 25 years

Notice the difference?

It’s massive.

Now, knowing when you borrow money for a house that your $20,000 deposit can be $200,000 enter $200,000 for 30 years at 5%

Have I convinced…[Read more]

On this, in a similar scenario. If I got together with 9 friends and we borrowed 2 million and developed a site. If we could ever get the finance and ever develop somewhere, solely for the argument of CGT, would it matter if we waited a year after completion to reduce CGT? Or it’s all commercial because of subdividing?

+ 1 for video

I forgot to mention my partner earns about $70,000 a year and we live off her income and most pays have money from hers to save and save mine. I have an investment property. I live in a small rented house that all our European or city friends think is good but my family, parents and suburban friends always comment, it’s so small. I don’t care 15…[Read more]

PHP thanks, I suppose I need to back up my claims. It was always my goal to earn $100,000 a year. One year I was about $99,000 with negatively geared property, then these last few years I made about $115,000 p.a. Recently i would be somewhere around $140,000 but I’m only working 6 months of this year. Getting married and travelling.

So, how did…[Read more]

Shaun welcome. I have read extensively on this. I’m at a stage where I cant earn more per hour and I’m working all the time, so I’m a little ahead. I feel a bit qualified on how money works but not very on investment.

The best book for me was from broke to multi millionaire in seven years. That got me really interested and motivated.
Next, the…[Read more]

Well thanks very much everyone,

Good to hear I’m walking in the footsteps of successful people before me.

I’d think like Richard. We should all know that money in property is usable. Doesn’t have to be in the bank, it’s just different. Selling I wouldnt worry. Servicing I would.

Thanks Terry. She’s not allowed to die!