Excellent wilko1 makes sense
Thank you

Paullie wrote:

blocka wrote:
Stick to variable for now !

What makes you say that ?

well i believe rates will still come down some more lets see what next tueday brings

Shape wrote:

blocka wrote:
if the banks lend at lets say variable 6.5% and fixed 6.0% and people choose fixed, and rates go up 0.5 % the bank looses by 1.0% BUT if rates go down the bank wins or the losses are less,
so if rates are going up which i dont think they will why would they banks lock people in so low ? makes no sense unless they…[Read more]

Also i recently rang my lender (westpac) and told them i could get a better deal else were and they swiftly dropped my rate by 1.0% it was quite a shock at how easy it was…
RING YOUR LENDER

Stick to variable for now !

if the banks lend at lets say variable 6.5% and fixed 6.0% and people choose fixed, and rates go up 0.5 % the bank looses by 1.0% BUT if rates go down the bank wins or the losses are less,
so if rates are going up which i dont think they will why would they banks lock people in so low ? makes no sense unless they know they will be dropping rates…[Read more]

wait for the for sale contract to end, (usually 3 months) and then the vendor can do what they like.

lets say i inherited $250,000 i could bye one property worth $250,000 and enjoy the rental return of lets say about $280 per week and wait for capital growth of say 4% per year =$10,000 per year, or i could bye four properties of total p/p of aprox $1,000,000 and use my $250,000 as the deposit to borrow the rest. i would not have a rental return…[Read more]

hi rachael ive been using a similar company called whitehouse securities for about 10 years, they dont ask for a management fee however they do offer a rental garentee and maintanance for approx $30 per week, recently we had a tenant move out and left behind a trail of damage like drawing on walls, holes in walls and  stains in carpet, the list…[Read more]

HEY PEOPLE JUST ANSWER THE QUESTION GGGRRRRR

Do you have any idea of costs to her to get it to an investors help stage ?
Thanks JAS

Oh and similar land of approximate 2.5 ac in next suberb is approximate $300000

Well my friend tells me she believes it to be subdevidable and once her mother gifts her land for accsess road, I’m guessing it would be very attractive ?? Yes ? And the next step would be to contact council. Yes?

Not sure of your question but if this is how I understand it …
Ip in question put 10% in your name and you claim that part and 90% in husbands name and he claims that part…!!!

Go girl ….. We’ll all get there !!

Hi karmark
Go to google and type in…. the investors club
There you will find all kinds of answers,
Not sure where you live but they have a seminar on this weekend on this subject
on the central coast and it’s all free

my plan is to bye something negatively geared and when it gains enough capital gains sell it and use the equity to purchase something positively geared and then use its equity to purchase another negatively geared property and repeat this process over and over againassuming you have your own home to use as security…..using an investment company…[Read more]

Oops borrowing $700k io for another home to live in but keeping original ppor as ppor

Hey guys
Need your thoughts on another option:
Ip is valued at $550k and owe $530k
Ppor is valued at $650k and owe $400
My question is what are your thoughts on
borrowing up to say $700k io and turning
ppor into ip earning $650p/w rent