By far the worst job in the world is being a bank teller.

Standing up in one spot all day on concrete covered with cheap carpet
no breaks except lunch
abused by customers as though I personally set fees and charges
dealing with long queues of angry people
paid peanuts

I’m shivering at the memory……yuck

Freehold means you purchase the business/property and leasehold means you lease the property/business for x number of years.

Any investment loan type is okay principal and interest or interest only – H/L, Margin Loan, Personal Loan for shares.

I think it can be gathered for free via a link from http://www.realestate.com.au

The basic breakdown of rent vs own, age groups, education, religion etc by postcode. Actual sales data is not free however.

I’m not a broker but do have experience with 3rd party security and guarantor’s. It may help your case but you still need the income to support yourself and the loan. Most major banks won’t budge above 30-33% of your income towards payments.

It depends on if you actually sacrifice anythinhg as well. If (like my package) you can pay investment interest pre tax, well things can be starting to look good. Still pay your interest but it is in pre tax dollars so it costs you basically half as much as post tax dollars.

As landlords we had an interesting thing happen when a property became vacant a few weeks ago. We placed the add and arranged a rental open home for the people. Now we had 3 groups who wanted the house (4 bed w/board in nice suburb). It was let at $215 a week. We had these people openly offer above what we were asking until it got to $250 a week.

Naturally we were thrilled with the outcome but we didn’t intentionally hold an auction.

For f#$@’s sake what is going on in this place? Do we have to try and snipe at each other constantly or is it more profitable than investing?

I’ve gotta say – take it offline people. Not everyone will get along, we’re all different.

Perhaps my understanding of the soapbox concept is different to everyone elses. Constructive dialogue please.

In the last week this place has gone to hell. I haven’t been around a long time but it was fairly positive and constructive until the past 7 days or so – is it a full moon or something?

(Apologies for my simulated bad language at beginning of post)

Agree (fellow) Bear. Nowhere near as much activity. Is it due to all the conflict of late? I still don’t get it btw. I have no problems with healthy dialogue, and we don’t always have to agree.

I think there are at least 3 or 4 types of attitudes present and everyone is determined to be right rather than appreciate what others are saying. Personally I don’t care what strategy people are using, or whether they question my strategy – I’m a big boy, I’ll explain my POV and its up to you to decide for yourself.

IO loan repayments are very similar to principle and interest payments in value. For the sake of a few bucks a week (depending on mortgage size) I think IO just isn’t worth it.