bbinvest replied to the topic Looking for some advice on this scenario in the forum Help Needed! 5 years ago
Hi Benny,
I have money in offset against this, so the interest I am paying is already comparatively low. The issue is that when the interest only period finished, the payments kicked up to paying the principal back in 2/3 of the time. Lesson learnt.
The way my current lender handle offset accounts on P&I loans is that the repayment does not…[Read more]
bbinvest started the topic Looking for some advice on this scenario in the forum Help Needed! 5 years ago
The property in question is a dual occupancy in Rockhampton (two houses, one block) and has been a good rental for some years now. The issue is that the IO period on my mortgage finished and my payments have risen, and I am at least $1000 per month out of pocket, not including maintenance, vacancies, etc.
Rockhampton is at the very bottom of the…[Read more]
bbinvest replied to the topic Keep, sell, develop or something else? in the forum Help Needed! 6 years ago
As an update to this thread, I ended up selling it for $460k after a cosmetic reno and staging it.
bbinvest started the topic Keep, sell, develop or something else? in the forum Help Needed! 8 years ago
Hi Everyone,
I have a property on the Central Coast of NSW, in a suburb which has seen good growth in recent times after some years of being flat. The tenants recently vacated and I am looking at options.
It is an early 80’s era 3/1 brick and tile house on a slab which I purchased on 2011 for $300k. It is on a 900sqm block and in good structural…[Read more]
bbinvest replied to the topic What type of vehicle do you have ?? in the forum Opinionated! 16 years ago
Daily Driver: 2007 Toyota Aurion. Got it from the auctions for a great price. Leased it over 4 years, salary sacrificed it and converted it to LPG. All told, very cheap to own and run.Pride and joy: 1978 Mercedes Benz 450SEL 6.9. Low k's, documented history and in very good condition. A rare car that will not depreciate in value.Fun Machine: 2004…[Read more]
bbinvest replied to the topic Cashflow game Maitland NSW in the forum The Treasure Chest 22 years ago
Hi there.
I’m new around these forums, and have been browsong around here for about an hour now. What a great bunch of like minded people, and what a great place for good information.
Because I live near Maitland, this thread got my attention. Just wondering, what a “Cashflow Game” is ? Other than having a good time, I gather it’s about doing…[Read more]
