bootross replied to the topic Analyst tips back to back rate rises in the forum General Property 15 years ago
90 day bank bill rates have been found to be a good indicator of cash rate directions. @ 16/10/09, the rate is 3.91%, so a 50 basis point rise on the cash rate may not be out of the question in the near future.
bootross replied to the topic Interest only in the forum Help Needed! 15 years ago
A common strategy for property investors is to have a mortgage over their principal place of residence and then seek additional finance for an investment property. As the investment property generates tax – assessable income, the interest on the loan used to purchase the property is tax – deductible. As the PPOR does not produce income, the…[Read more]
bootross replied to the topic What to believe? in the forum Help Needed! 15 years ago
I think you have to be less skeptical when you're reading books and just take them on face value and get what you want from them. The positive cashflow methods detailed in Steve McKnight's "0-130 properties …" are just one of several methods of investing in property, as are John Reed's (who I haven't read). If you read Steve's book, you will…[Read more]
bootross replied to the topic Vendor Finance in the forum Help Needed! 15 years ago
Richard will hopefully answer. But as for 6. a), yes you can move in and act as if you own the place (within limits!) once the VF contract is settled. From what I have read, the vendor retains the title on the property until such time as he/she's paid out by you, however your solicitor will place a caveat on the property to stop the vendor…[Read more]
bootross replied to the topic Vendor Finance in the forum Steve McKnight’s books and 15 years ago
Steve McKnight's books and others gives you an insight on this. From what I've read in that:1. Steve was offering finance at 2% above standard variable rate – higher for ex-bankrupts etc.2. You won't need a special property lawyer, my solicitor who does the usual solicitor stuff does them. But the main thing is you want to find someone who has…[Read more]