1) Ongoing major renovation of my house

2) Purchased, renovated, and rented 1st investment property.

3) Secured a terrific new mining job based in Perth that will get me the hell out of fly in fly out.

4) Determined that i’d like to eventually become a property developer. I’ve a plan for the future all mapped out.

5) Became an active member on…[Read more]

Steve,
I think its great that u’ve updated the forum. Things can’t stay the same all the time. Upwards and onwards as they say. Forum looks tighter and more slick, and i realy like the new logo… very nice.

I’d have to agree on some points though. Text is too small (i’ve had to put my glasses on to use it – never done that before), smiley…[Read more]

Thanks fella’s.

With your responses, and after quizing a mate of mine, & my accountant i’ve finally got my head around this. My general understanding to my own q’s are as follows:

1) Who legally owns the property?
The company (acting for the trust)

2) Who’s name is on the title?
The company

3) In who’s name is the debt? That is, does the…[Read more]

Guys,

I’m in the results group. I can can tell you quite confidently that i put at least the same number of posts in the public access forums as i do in the Results forum.

If its something i think important, and want the best advice i can get (short of going to a lawyer/accountant), i’ve on many occasions posted it in both the results forum and…[Read more]

The Farside cow: supremely intelligent, ninja quick, devastating when cornered, loves cud, and beer, not afraid to smell / eat the roses, knows on what side the grass is greener, great with the heffers & basically, a mighty fine lookin bovine.

What more can i say?

Cabo Wabo

I used to have girlfriend for a few years that worked at the NAB as a personal banker/lender.

I was so appauled by the STRESS she was put under to perform, and the attitude of her boss, that i’d never step foot in a National bank again.

You couldn’t pay me enough to do busines with that institution…. hows that for FACT!

Cabo Wabo

And they dress in PJ’s and all ride bicycles..

Cabo Wabo

Thanks Redwing,

This formum is great, everyone answers everyone’s questions. I have learn’t so much from this forum its just not funny.

I’m using a discretionary family trust.

Redwing, your answer to #3 – whose name is on the mortgage doc? Whom do you refer to as “you”. Is it me as an individual, or me as the director, and hence the…[Read more]

Diggo,

Mortage insurance (pain in the butt):

A bank will happily lend you 80% of the value of a property. That means you need 20% deposit.

If you have less, say between 10 & 20%, then they deem you a risk. They will still lend to you, but they will take out an insurance policy with an insurance company. This policy will cover any loss that…[Read more]

Wow man, i’m spun out. I’m sitting here eating my potato chips and i’m spun out…

i thought saving for a wetsuit at 16 was a big deal. $10,000 – holy sh$tballs batman. Thats awesome. Lookout here comes the next Donald Trump.

While $10k is a deposit on a cheap unit in a country town somewhere (hard to find that cheap), i think you’d still end…[Read more]

No she wasn’t, but she is a relatively new RE and is still learning. She was told so by the agent selling the property. She then told me.

I’m pleased you don’t think it necessary. It would be a real pain in the butt if it was.

Thanks,

Cabo Wabo

Its a conspiracy.. it is.. i swear it. Its got nothing to do with demand, affordability, world banks or all that cr#p…..

Its Elvis. Always was, always will be….And its that much worse now that James Doohan from Star Trek up there with him.

Its bad news man… with the King pullin the strings, if you don’t do whats expected, ol’ Scotty…[Read more]

I lived in kalgoorlie for 6 years back in the 90’s (not to far from Kambalda). Kambalda is known to those in the area as ‘Kambodia’. I’ve never liked the place too much. I wouldn’t buy there…. too many water buffalos…. and Kambodians.

Cabo Wabo

Yup, i was very pleased with the prop report. Came back all roses for me. Only problem is it makes you wanna go buy every damn property in town, or at least guzzle up all the fuel in your gas tank cruisin round ur favourite ‘wanna buy’ haunts.[bike2]

…..and oh yeah, GO THE MINING INDUSTRY & GO WA!! … and its beers[build], not…[Read more]

Thanks for your input fella’s…..appreciated.

Cabo Wabo

You could make a moofie out of that….

Cabo Wabo

I like your picket fence analogy dude… very humorous indeed. Nice one…

Cabo Wabo

Currently 71%

Cabo Wabo

I’ve recently started buying entire cities, as suburbs were becoming a drag…

Cabo Wabo

Qlds007,

If they don’t reduce your tax back by 30% or 70%, but let it stand alone as 100% of its value, then thats better than i anticipated. Great….

Cabo Wabo