Hi all,No responses for Cazzie07?Come on guys, let's help her.  I'm bringing this back up the top.Cazzie, I hope you're still checking in to see the answers.Angel

Hi all,Other fantastic websites are:www.whereis.com – check on distances and locationwww.131500.com.au – to check on transport links – NSW buyers onlyThese websites are handy for researching locations you're not familiar with.Always, always, always check on local coucil websites to learn the locality's short, medium and long-term…[Read more]

Hi Jamie,

He need not live frugally in SE Asia. ))

Angel

Hi dougieQld,

I agree with forever student. There’s so much you can do with $200K. I’m very sure that there are many in this forum who wish they have your problem.

The first you need to do is determine what you want to do. For example, buying a business. Are you good with people? If not, don’t do it. Are you handy with your hands? If yes,…[Read more]

Hi Jake H,

I truly, truly sympathize with you. I have always had trouble applying for a loan until I got St George, CBA and Westpac on side.

I am fully self-employed NOW. Couldn’t be bothered to take crap from anyone anymore so left the rat race two years ago.

I look after international students at home. I have lodged ax returns for this as…[Read more]

Hi Michael,

It does answer a lot. I will keep you posted on my progress.

Thank you.

Angel

Hi all,

I am the Forum Member Richard is referring to.

Firstly, I always believe in being honest to the person I’m dealing with, hence this was the question I posed to Richard: to paraphrase: I still have 3 dependents which I don’t disclose, will you have an issue with that?

I will not put anyone livelihood in danger. As a former mortgage…[Read more]

Hi Intrigue,

OR NOT

Angel

Hi eilatan28,

My experience is simply this: there is no harm asking. People respond to sincerity. Give her the proposal in writing, saying first what you are prepared to improve HER property. And, in exchange, what you would like to ask of her as a trade-off. $50 rent reduction per week.

Depending on where she’s at financially, she may find…[Read more]

Hi all,

I just had one of our properties inspected with a company called NEVERFAIL. They used a motion sensitive detector called TERMATRAC. I received the pest report straight away, and was given the clean bill of health.

I was so happy.

Angel

PS: This is the first them I’ve hired them to do an inspection. I am not an owner, or part-owner…[Read more]

Hi pumperjs,

What I am about to say is NOT advice. It is from personal experience, so I am bias. My personal experience is NEGATIVE GEARING is a huge NO, NO. It is the quickest way to perdition. I have learnt my lessons so only invest in positively geared property now.

If paying too much tax is your problem, you can solve it by some other…[Read more]

Hi specialone,

I totally agree with Kent. Who needs new and flash? You can always renovate a house. But you can’t renovate a location.

Specialone, could you ask your company if they’d give you free housing instead?

Free company rental is a massive boost to your ability to retain your asset and “save” for another to add to the portfolio. If…[Read more]

Hi Matt,

You OUGHT to be CONGRATULATED. I agree with your philosophy of aiming high. I find talking to experienced people, especially face to face is a good way to learn.

Invest time in acquiring knowledge. Knowledge is power. You’re in the right track.

Take care.

Angel

Hello,

Local gents can be a good source of info.

Angel

Life’s tough, eh?

Angel

Hi Richard,

You can certainly teach an old dog like me, new tricks.

I am Sydney based but I will work with you to get a deal across.

I will send you an email. Watch for it, please.

Thanking you.

Angel

Dear Streamlineinvesting,

I’d like to put in motherly observation, regarding your question: Matt: You said early in the post that we were up to Step 4 with banks starting to restrict lending requirements. If your plan does play out, do you have an idea of the time frame before prices to completely collapse? We saw in USA that prices went from…[Read more]

Hi sFinanceculture,

I know what you mean, shares CAN give you better returns. But it does have its inherent risks which a lot of people are not keen to take.

1. If you have a $500K house and you want to insure it for a $1M, go ahead. But you can’t go to an insurance company to insure your $1M share portfolio.

2. You receive both rent and…[Read more]

Hi troy1888,

The cheque says one thing to the agent and the vendor, “He is serious.” This is massive because every vendor wants a guaranteed sale.

Every offer can be subject to anything you can think of:

1. Subject to unconditional loan approval
2. Subject to inspection reports
3. Subject to valuation (especially if borrowing lots of…[Read more]

Hi slowachiever,

I think, to a degree, you’ve found the answer to your question.

Take care.

Angel