Got nothing to review sorry, our baby came a bit earlier than expected so i couldn’t go unfortunately. Hopefully there’ll be another.

I’m only fairly new to the whole property investing thing. Wish I’d started sooner but there still seems to be some reasonable rental returns for the price compared to many other places.

Hence why they are dirt cheap!

I’ll try everything to keep it. Current PPOR value is more than double what we owe and renting it out would be CF+, not really enough to make much difference to a big equity loan on a new house though.

Nah have just refinanced anyway. Will be using an offset for the current PPOR mortgage. Don’t know how we’ll afford a mortgage if we borrow the lot and buy a PPOR on equity. It kills me to say it but we may just have to sell our current PPOR.

Unless anyone has some ideas?

6pm start, booked by replying to the automated email. If u get on the b
Binvested site I’m sure you could send an email

Its 28th feb at the Mitcham hotel

That Reno Kings Sydney show is pretty much word for word what happened in Melbourne. Even the “unscripted banter”.

Reminded me of an Amway type seminar i was dragged along to years ago, lot’s of desperate people prepared to throw their money at someone who gives them a supposed way out of working 9 to 5.

These Reno Kings guys are there to make…[Read more]

I’m taking the plunge again! Nathan Birch is having an investment night. This one’s free and less than 2km from my house. I figured i’ve got nothing to lose but time on this one.

You might get something out of it. Hopefully they didn’t have the good info after i left! The 7 killer property deals they talk about are the ones on their website, in a little more detail.

Maybe I’m a harsh judge, but when they’re getting people to raise their hands if they think “$1,000,000 a year tax free in rental income is a good deal?” or…[Read more]

You might get something out of it. Hopefully they didn’t have the good info after i left! The 7 killer property deals they talk about are the ones on their website, in a little more detail.

Maybe I’m a harsh judge, but when they’re getting people to raise their hands if they think “$1,000,000 a year tax free in rental income is a good deal?” or…[Read more]

I was at the Melbourne seminar this morning. This wasn’t informative for me at all, I was glancing at the lady next to me wondering what the hell she was actually scribbling down!! When she was writing there wasn’t any actual information being told! The one thing i did learn was that most (75%) of properties advertised as development sites STCA…[Read more]

It was purely based on the rate being the lowest he could find. I’d prefer not to fix to avoid break fees just in case i get professional advice that may lead to a restructuring of finances if i want to purchase in the next two years.

The frustrating thing about this situation is that no matter who i ask, I’ll get a slight variation in advice. My plan/advice initially was to redraw the $15K to maximise the loan on the IP and go interest only. So the advice now is to just leave it there?

Also, the mortgage broker has advised to fix my investment loan at 5.99% for three years…[Read more]

In terms of tax benefits, if it’s a case of more work for him I’m fine with that, so long as I get some financial benefit. Are there any good property accountants in Melbourne or eastern suburbs of Melbourne? I don’t feel totally confident in mine. I’ve been told in here chan and naylor are pricey, just after a fair price, not ridiculous.

Paullie wrote:
So your accountant believes increasing your deductible debt and decreasing your non-deductible debt will have no tax advantage?If Im reading that correctly, you need a new accountant.

He had said “it would complicate tax more as he would need to start apportioning the interest claim on the rental loan.”

Even though it may…[Read more]

Had a phone call with a Mortgage Broker, the advice for me was to fix my IP mortgage with ING for 3 years at 5.99% paying interest only. Cost to switch the loan type is $250, I’m already with ING on a variable P&I.

Currently minimum payment per fortnight $596 P&I @ 6.62% variable
If fixed at 5.99% and interest only it would be $923 per month…[Read more]

As far as IO goes, at what stage do you pay down the principle? Or is it just left IO until you sell it? Always wondered what people did and why in this situation.

Thats what i was thinking by reducing the IP mortgage payments and paying the mortgage on our PPOR with the money saved.

I’d still keep the title in my name only. Just trying to get the property positively geared by smaller mortgage payments.