Hi Nads,

Time for some honesty. Its not up to your accountant to give you the confidence or advice to determine wether or not you can pos. gear. Its up to you to educate yourself enough so that you do not have to ask anyone else to confirm your beleif that you can pos. gear.

All an accountant is for is to formulate a strategy to make you more…[Read more]

I like to rememember a famous stockmarket(my other investing love) saying:

‘Never confuse brains with a bull market’

and that applies to property as well.Im sure i dont need to explain it.

As for Nads dilemna. The situation is if you buy pos cashlow property you need to buy a lot to make any decent money and with no cap growth, $50 a week extra…[Read more]

Being self employed and having a business allowed me to pay the PPOR off pretty quickly, which allowed me to use the large equity to buy IPs.
Also being able to adjust my income improved serviceability no end.

From scratch i started by researching property early 2002 then went to Morayfield QLD and bought 5 houses in April 02. (My wife freaked…[Read more]

dont you mean ‘dreamstealers’.?…………lol

quote:
O.K.

Firstly – a Mortgage Broker is the way to go, its simply leverage, let them do the dirty work and find the finance

Also the use of trust/company structures helps in getting loans – as once one structure is maxed out, you simply replicate the situation. Check out ‘Wealth Guardian’

But,…

[Read more]

Bedean,

If you have trouble getting local tradesman to do work , get your property manager to handle it, a lot less grief. Thats if you done self manage which is a bit hard from that far away.

By the way does anyone have a view on where in regional NSW would have the highest yield at the moment, excluding towns like Broken Hill.…[Read more]