So I presume you have a link to a news article on the house burning down, perhaps some pics even? Becasuse you know the internet and all-everyone tells the truth and no one ever scams.Sure is a shame if its true, why were they behind in payments after only nine months in the house? Eyes to big for thier belly? Sorry but I have a lot of trouble…[Read more]

foundation wrote:

sienna1 wrote:
there are ways to do it without putting you to far into trouble. there will always be people that tell you you cant do it but u can.

Right, you've got my attention. Big rewards, no risk. That's what I like to hear! Woohoo, fire away!

Quote:
we […] refinanced our home […] interest only […] from advice…[Read more]

Ohh sorry forgot to answer your question regarding if I have a portfolio-this is the internet-I could tell you I have 5 or 50 investment properties but for what its worth I do o.k. I read lots, listen even more and have opinions and like to share them-people can take them for what they are worth If at the end of the day I have managed to make…[Read more]

Danye,I understand your passion and desire to create a 'portfolio' however you really need to weigh up the risks, your current position and not dreams get in the way of reality. I shoot from the hip so here goes-as it currently stands you would be paying close to $450a week on repayments-doesnt leave much left to provide for a family of five-I…[Read more]

I agree with your broker-you have a combined yearly income of just on $56k and want to take on debt of close to $500k??? Are youcompletely nuts or have I missed something? Plus you have 3 kids to provide for???? Sorry if I seem rude but how on earth do you expect to get by?

No you cant.

I agree with your sentiments L.A but in this instance I would have to say I agree with the newspapers-I have been regularily attending auctions for the last six months at whilst at first thought it was 'surprising' to see places sell for $50-$100k over advertised price it is now the norm. I turn up to auctions automatically adding on AT LEAST 30%,…[Read more]

Well there DEFINATELY is a boom in the inner city regions-it i snow par for the course for properies to go for $100k over advertised, which makes me wonder how on earth the realestate agents arnt being fined under the new laws.

What I want to know is why with all these things do you have to pay? If you have a 'secret' to getting rich etc then surely you dont need the money and should freely pass it onto others, charging $2k it would seem you are 'visulising' all the people sending you the money making you rich? Scam scam scam for the weekminded masses, you are a joker…[Read more]

BreakEven wrote:
Could rates possibly be at their height (or very close too)?? Cheers

What makes you think interest rates are close to their peak? Historically they are very low!!! Still plenty of room to keep going up-talk to someone who lived throuhg the 80's-Dad wa ssaying with every interest rate rise evryone said it would be the last a…[Read more]

Artaud wrote:
Hey Blogs,You say the paperwork has been sent out but have you signed anything? Has any money changed hands? If your broker told you one thing and the paperwork says another do you have anything in writing from your broker stating the original terms and conditions?I guess what I'm angling at is that your broker may have a legal…[Read more]

Well how about you start at the start-save liek mad for your deposit-in the meantime keep a close eye on the property market so when it comes time to buy you are well prepared and well educated.

LindaClaridge wrote:
I have a query in relation to buying and selling houses in this respect as well. People always mention how much they bought the house for and how much they sold it for – as already mentioned they never take into account the lower amount due to the tax they have paid – but I'm also curious as to why they never include the inte…[Read more]

Makes pefect sense and is one of my pet gripes!! People LOVE to say how they have MADE $100k etc on the sale of their house  but they never say how the new residence they have bought has also increased by x amount lol. That and my other pet gripe of how people say they MADE $100K but they never mention how they actually only made $70k etc after TAX!!!!

C2 wrote:
Blogs,Would his numbers look better if he has an IO loan and his GF is also part of the big picture.  Just because he is borrowing from his parents doesn't necessarily make him young and naive.  I remember borrowing 2K from my father a few years back to pick up a property worth 72K because I was short of cash.  Still got that pr…[Read more]

Well that sounds a lot better-you think you will be able to find a 2 bedder in Ivanhoe for $250k though? Actually your potential property price will  be less than $250k after you factor in fees/stamp duty etc seeing you are borrowing the full amount? 

dj_siek wrote:
[hey blogs – none taken. i am getting a 100% loan. and its all approved with essential advice from my financial advisor! If you reread what i have written above…I never said i could not afford the repayments on my own. i said i would just survive – which is fine as im keen to get started. i am on a really good wage upon…[Read more]

Dont mean to offend but you sound like you are living in dream land-you havent been able to save up enough money for a depost so you are going to have to borrow from your parents, you arnt earning enough to pay for the mortgage so have to rent out the spare room yet you think in a couple of years you are going to have so much money that not only w…[Read more]

Sooooooo is the $195 is for both units???? Seemed a simple enough question….

Originally posted by kram:
Dudes, Listen.

We’ve been playing the game since the mid 90’s and have a 3.5 mil portfolio and net worth of about 1.6mil.

Certainly not big players but for humble peasants it’s been a no brainer.

All you gotta do is do it.

You can’t catch a wave sitting on the beach!

Blessings
MARK[

Thank you for making my point…[Read more]