the poor thing, lucky the kids came home

well said IP!

Mate, far from ignorance, you are smart enough to ask the questions! in some cases you are simply asking what other people are thinking of asking but dontgood thread thanks

the last time i checked, (about 2 wks ago) with the manager of my local branch, that is absolutely not the case…. Westpac are making the slightest of margins on home lends so are being semi conservative, although, if you know a westpac thats doing no lmi on an 85% lend, please point me in the direction!!

Hi duckster,would you be so kind as to elaborate on how this would affect the decision please? would appreciate the inputthanks bud

This is a great thread, good debate makes for interesting reading.

Hi WW,Although not a poster at sumersoft, i have read some of the material there, have learnt alot from your input there, look forward to hearing from you here at propertyinvesting. WelcomeCheers

Corza wrote:
thanks guys,do you do anything out of ordinary apart from save and spend less? Corza

Saving for me has been difficult as of late, hence the reason i havent been able to purchase a property since i was 18/19. Because i see time in the market as the key, rather than saving and saving i have been looking at other opportuinities to get…[Read more]

Hi Deb,I was reffered here by another propertyinvesting.com forum goer. the spreadsheets here are great, i am sure you will find something you need. I prefer the knowledge shared here, however.http://www.somersoft.com/forums/showthread.php?t=26452good luckBen

thats great mate, congratulations, i always like hearing success stories from people in my age bracket, very motivating!Im 23, just purchasing my first buy and hold now, positive geared with a govt lease which is great, and the place is a blank canvas so i hope to add some good value, exciting times. I bought and sold 2 places in nz when i was 19…[Read more]

I just had a meeting with a solicitor RE: the property i am purchasing subject to a lease being extended. she informed that they cant give notice, its a full term lease, and if they want to leave will need to pay up to the agreed date, or i can find tenants that will pay similar money and they must pay the balance.but in saying that, good luck…[Read more]

illuminati wrote:
But if using your ppor gets you the best finance, or the only finance you can get access too, then its better to use it and get an IP. then not invest at all..

good call, better to be in it than not at all!

Hi Corza,would you mind sharing with us how your investing is going? what does your portfolio look like currently after 8 years? Cheers budBen

Hi penti, There will be a truckload of people who use this forum who will give you four hundred truck loads of reasons why purchasing real estate as an investment is better compared to putting your money into a savings account. In my opinion and limited experience, what it comes down to is your ability as an individual to make the right decisions…[Read more]

Nice one hope things go well

I would agree with luke and recommend having a decent broker approach a lender for you, they may be able to negotiate better conditions for you. there are several on this forum with reputable reputations, who offer help to many people who post here.I would recommend Richard Taylor, you can PM me for his details and a reference of my experiences…[Read more]

i am in the process of purchasing a property (god willing) that has a lease in place also, and i will only settle if the lease is extended by 3 years. luckily it is a govt department which has been there for years already. i wish you all the best sorting this out, i am interested to hear the best way to deal with itgood luck bud, do you have…[Read more]

I like the chapter in Richest man in babylon, "Meet lady luck"Touches on how taking action is a big part of getting started. how procrastination is a big part of missing out on "luck" or opportunities to be lucky.I got started by taking action!sorry, random but relevant i think.Ben

kiaora,search for threads on this forum about trusts, you might gain sufficient knowledge to lessen the time and money you spend with a professional because you grasp the basicsBen

That suits me i have some real estate agents that i get along with here, thanks Scott