well done, this is scary stuff, most definately makes me want to stay away from LMI all together

Wisepearl – as illuminati said it may be worth considering it risk money, perhaps sacrificing something like a new laptop or something and chucking it at a reno consultant instead? it may be worth ten times the initial cost in terms of knowledge gained etc, in which case tell me! hehe, also you might learn enough from the experience for it to be a…[Read more]

I also have a question regarding the FHOG if i may, Is it possible to use the first home owners grant for my self and then my partner? i dont want to misuse the system or anything i simply dont know how it works as we did not have this in NZ (have lived here 6 months) i assume if we put our names on a property each then we could but does that mean…[Read more]

$10000that is intense, please delete this thread before my partner sees it lol

Hi richard, if you re read this thread would you mind elaborating somewhat on "quazi" offset account? many thanksBen

great thread,i think "retiring" has a different meaning to different people. when i was 10 i thought retiring meant you got a hundred dollars a week from the govt and babysitted your grandkids while the parents worked, and sat in ur dressing gown watching pro wrestling with them and slept in seperate beds from your husband because he snored! (my…[Read more]

been a couple of months since this thread has been commented on, but certainly one of the most interesting reads i have had in a long whilethanks guys

i feel funny about reading someones very first post to promote a company, then 4 mins later a first post from someone who registered 4 mins later to promote the same company in the same thread. am i weird? Has anyone used a reno consultant the first time around and then taken that knowledge and "template" if you will, into the next property they…[Read more]

raresaturn wrote:
This is what my wife and I did recently:1. Refinaced our current home, it's valued by the bank at $530k and we owe $170k on it2. engaged a buyers advocate to find a decent property for us3. bought said property with an interest only loan4. IP is serviced by an offsett account, which all our wages go into, plus rental income5.…[Read more]

Terryw wrote:
Your time could be better spent chasing girls.

^^^^^

My mum had whats called in nz a "mortgage holiday" – 3 months payments on hold. is this applicable here in aus? with my young sister having her 2nd child and doctors bills and whatnot, it really helped her get things back on track.  She simply had to supply some paper work and a written statement, the woman handling it was very helpful. perhaps y…[Read more]

im interested to hear what terryw has to say, regarding non deductible debt etc.agree with luke regarding funding a want with equity, but im on the fence somewhat simply because its important to enjoy also! my investor in me says no, my plasma tv watching, tropical island resort lover in me says yes!

BDM wrote:
Hi Ben and Dean,"Financial Freedom" is different things to different people.  Having a net worth of a Squillion Dollars now or at some point in the future is not much use, to me anyway, if you are not able to enjoy most of it. 

 Absolutely agree!!!!i personally try to live for the moment, holiday when possible, eat good food, own re…[Read more]

what a great position to be in, well done  what is it that limits you borrowing any more? servicability? surely your 3 ips have enough equity to fund a deposit on another property or to draw out and take care of some of those "wants" ? i would hold on to them and explore more avenues regarding borrowing ability, break that glass ceiling!Ben

Dont take your wallet to Harvey Norman when you are with your partner "just for a look"….Trust me

https://www.propertyinvesting.com/forums/property-investing/help-needed/22508 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^read this thread it will help

Yes exactly, its funny, a smart man told me when i was 18 "some people look the part but arent going anywhere fast, others dont have to prove anything to anyone because they are to busy making moves"i am friends with a farmers son, RIDICULOUS wealth, but humble and happy wearing a swandri! ! ! (dont know if they have them in australia? google it!)…[Read more]

my salary excluding car phone etc is 75000 a year, my fiance earns about the same I  walked into a nice unit near the golf course when we first arrived in the NT, we are renting 6 months before we purchase, upon entry (I was wearing a singlet and shorts) the property manager said "Hi can i help you?" in front of about four other couples looking. i…[Read more]

i really dont like capital gains tax…

EXCELLENT thread idea