Hi Charlie,

Thanks for that info.  And Toby, why not follow the book’s invite and check this all out with Steve’s Finance guy?  The book had a link that should still work.  If you have any issues, come back on here.

Benny

PS  I checked out the “Big Picture” topic and found a link that may hold a lot of useful info re Trusts – go her…[Read more]

Hi Charlie,

Thanks for that info.  And Toby, why not follow the book’s invite and check this all out with Steve’s Finance guy?  The book had a link that should still work.  If you have any issues, come back on here.

Benny

PS  I checked out the “Big Picture” topic (comes with your welcome PM) and found a link that may hold a lot of useful inf…[Read more]

Hi Charlie,

Thanks for that info.  And Toby, why not follow the book’s invite and check this all out with Steve’s Finance guy?  The book had a link that should still work.  If you have any issues, come back on here.

Benny

Hi Toby,

If you haven’t already, do devour pages 173 to 175 which lay out a lot of extra information re borrowing capacity.  One comment from Steve on p173 says this  –

“A personal guarantee is given by the director(s) to use personal funds to repay the loan if it goes bad.”  So Steve himself says such a guarantee is required.  The guarantee tho…[Read more]

The following cartoon had me splitting my sides – a golden pictorial comment from Brett Lethbridge, a well-known cartoonist.

https://content.api.news/v3/images/bin/000155924091cdcedf53ce7caf5b4ce2

And doesn’t it just “tell it like it is” !!

:)

The following cartoon had me splitting my sides – a golden pictorial comment from Brett Lethbridge.

https://content.api.news/v3/images/bin/000155924091cdcedf53ce7caf5b4ce2

And doesn’t it just “tell it like it is” !!

:)

A further 10% yesterday – when will it stop?  Or are we beholden to the rest of the world, and must keep our Rates high to keep those fires burning?  I hear more and more:-

– People living in cars (rental shortages and hiked rents forcing folks out of their accommodation)

– Businesses being hit with higher power costs along with mortgage i…[Read more]

Hi Ando,

We had a team meeting this morning and I brought up your post as one to discuss.  From that, Steve’s mortgage broker (Chris Berry) said he’d be happy to discuss things with you.  Though it is early days yet, he also mentioned an accountant with whom he has been interacting.   Once he knows they are open to new clients, he will likely put…[Read more]

All good Jezza.  There’s a lot to take in, and you won’t learn it overnight.  Allow yourself to grow into the role and keep learning.  Come on back with any questions that we can perhaps help with,

Benny

Hi Jezza,

Welcome aboard.  Property investing can be an exciting journey, but can also be risky, stressful, and even (for some) dangerous.  The best way to guard against all of the negatives is by educating yourself.  Here is a good place to start, but I would also suggest the following:-

1.  Don’t be in a hurry to buy “any old thing” (but of…[Read more]

Hi Jezza,

Welcome aboard.  Property investing can be an exciting journey, but can also be risky, stressful, and even (fro some) dangerous.  The best way to guard against all of the negatives is by educating yourself.  Here is a good place to start, but I would also suggest the following:-

1.  Don’t be in a hurry to buy “any old thing” (but of…[Read more]

Hi g4d,

  suggestion has been to pay into our Supers and maximise the 27,500 for the remaining 15yrs as the tax advantage is good.

On reading that, it sounds like a saving !!   Steve says often that saving to invest makes sense, but saving on its own won’t lead to wealth.  Many are trapped by the sound of “save Tax”, and end up in deals they per…[Read more]

Hi g4d,

  suggestion has been to pay into our Supers and maximise the 27,500 for the remaining 15yrs as the tax advantage is good.

On reading that, it sounds like a saving !!   Steve says often that saving to invest makes sense, but saving on its own won’t lead to wealth.  Many are trapped by the sound of “save Tax”, and end up in deals they per…[Read more]

Hi G4d,

Check your Private Messages…  ;)

Benny

Hi g4d,

I am assuming we are looking at getting a IO mortgage with an offset account and moving any money saved into the offset.

That sounds like a good way to go from my point of view.  The money in the Offset is all Tax Paid, so it remains yours to take out at any time for any reason.  It is a good place to hold your savings for that reason, a…[Read more]

Hi G4,

Hmm – who’s your accountant?

Our PPOR even after 10yrs where it was located did not really provide that great return and sat around the same price for many years and we only made about $300, so after CGT and fees was not left with that much.

I believe a PPOR is a CGT-free entity, thus there should have been none to pay at all on its…[Read more]

Another 0.25% (sorry, that’s 10%) rise in the Cash Rate yesterday.

Or will the RBA learn the error of their ways in time to prevent a crash?

Nope – seems not !!!!!

And now time to update this quote:-

Thus another huge chunk of the populace who will face a near 140% rise in the Interest cost of their mortgage as they endeavour to re-finance,…

[Read more]

Hmmm – so, after leaving a Cash Rate lift alone in April, what’s next from the RBA?

RBA Governor Phil Lowe recently shared a chart showing that even though Australia’s official cash-rate hasn’t risen as much or as fast as in other countries, the interest rates facing mortgage holders have, in fact, risen much more quickly. This is because the maj…

[Read more]

Hmmm – so, after leaving a Cash Rate lift alone in April, what’s next from the RBA?

RBA Governor Phil Lowe recently shared a chart showing that even though Australia’s official cash-rate hasn’t risen as much or as fast as in other countries, the interest rates facing mortgage holders have, in fact, risen much more quickly. This is because the maj…

[Read more]