That’s a great idea Richard, thanks for the advice!

Good to hear that they’re an option – PM incoming Richard :)

Anthony

Hey Richard,

I wasn’t aware of Loan Market’s connection to Ray White, thanks for that tip.

Regarding loan type, I’ve read about professional loans which allow for a 10% deposit with no LMI, but taking into account the recent changes in lending practices post APRA, are these an attainable option? If so, do you know of any brokers who specialise…[Read more]

Hi Hans, I’m in the same boat at the moment and I’ve thrown most of my savings into an ING Savings Maximiser. It’s 2.8% return without needing to lock your money into a term deposit for a similar rate of return :)

Hey Tony, thanks for the heads up. All signed up, looking forward to it mate!

All good, I’ll just grab the latest revision of that particular book, I’ll have to come across it at one point or another when I read it. Thanks for the heads up :)

Good point. I was thinking from the point of view of saving every cent possible to save for deposits, but that’s a bit short sighted of me. I’ll suss it out, thanks for the prod in…[Read more]

Hey Benny, would you happen to recall which of Steve’s books refers to that rule of thumb? I’ve just finished reading 0-260+ and I’m thinking I might grab a couple more of his books if they’ve got any additional useful insights. It was a great read (albeit slightly depressing considering I was liking the idea of a buy and hold strategy).

Thank…[Read more]

Hey Ethan, thanks for your input mate. Definitely going to speak to an accountant, I’m just trying to figure out a game plan so I have a rough idea of what I’m after before speaking to accountants/brokers/solicitors etc.

Yep I meant over 80%, shouldn’t have been writing questions late at night after reading a stack of books! That’s exactly the…[Read more]

Hey Terry, slight sidetrack here (sorry OP) but you’ve piqued my interest (no pun intended), would parking sleep at night funds (savings) in an offset account also result in loan interest not being tax deductible???

Hey Peter, is there any reason that you want to buy in the Melbourne area? Have you considered widening your search to other states which would enable you to choose from a wider range of properties?

Hey Benny, I’ve taken a look over the link you provided, few more goodies in there, thanks for that. I’ve got the beginnings of a plan forming up nicely :)

Just read your news article Tony, wow. Talk about great inspiration that it’s doable for someone like me who’s just starting out, good on you mate!

Terry my 9-5 job as a consultant is…[Read more]

Hey Benny, I thought I’d read every single post on these forums but looks like I’d missed one! I’m really liking that idea, having the extra money in the offset account if things do go pear shaped would be a great peace of mind for me.

And scarily enough I was told that idea by a friend of a friend at a dinner – they were going to try and claim…[Read more]

Hey Benny, I thought I’d read every single post on these forums but looks like Imd missed one! I’m really liking that idea, having the extra money in the offset account if things do go pear shaped would be a great peace of mind for me.

And scarily enough I was told that idea by a friend of a friend at a dinner – they were going to try and claim…[Read more]

I was told that by some so-called “property investors” – it sounded suss to me and my research backed that up, I just wanted to be 100% sure before I ignored that advice and moved on, so thanks for clearing that one up :)

That’s great to hear that it is doable Tony, I’m aiming to buy a positive cash flow property under market value and use…[Read more]

I probably went a little too nuts on that one, couldn’t help myself, bit of a sore spot for me :P