Total Members: 159,194

Cabo Wabo

  • Cabo Wabo replied to the topic what is your opinion of truth in the forum Opinionated! 19 years ago

    The truth? Crikey! Strueth! Strike me dead!

    George Bush!!

    Nuff said….

    Cabo Wabo

  • Cabo Wabo replied to the topic Would slashing negative gearing affect you? in the forum Opinionated! 19 years ago

    I also doubt it would happen. I agree completely with KenKoh2000’s 3rd point about the gov footing the bill for housing the poor.

    If it did eventuate, sure it would slow me down, but it wouldn’t put me off.

    How about this: If it did happen, then a lot of people would sell their neg properties. If you could weather the storm, afterwards,…[Read more]

  • Cabo Wabo replied to the topic DSR Calculations in the forum Finance 19 years ago

    Here’s what i want to know:

    I put a post out a lil while ago asking about whether or not you can include tax back on your IP interest in your DSR. The reply i got was that some lenders do consider it.

    When they do, would that tax back be classified as earnings and hence multiplied by 35%, or is it Rental income and multiplied by 70%. (using…[Read more]

  • Cabo Wabo replied to the topic Need a great loan? in the forum Forum Frolic 19 years ago

    Gross,
    I’ve a sneaky feeling they might be a sham, cause they’re sringing me out on my space station deal. Launch is in 2 days for christ sakes, and i’ve got ZIP!

    I’ve got it all planned out. I’m gonna take a whole bunch of beads n sh*t up into space, and then flog em off when i got back for like 3 times they’re worth… positive CF and all! I…[Read more]

  • Cabo Wabo replied to the topic Loan Repayment software? Or formula? in the forum Finance 19 years ago

    If any of you know even a lil bit about excel, i’d highly recommend trying to create your own loan tracking / property spreadsheets.

    I’m still not that flash at excel, but have created over time a setup that i keep modifying and improving. It gives me great peace of mind, and i’ve learn’t heaps doing it.

    When you do this yourself, it is…[Read more]

  • Cabo Wabo replied to the topic Unit complexes and your LVR in the forum Finance 19 years ago

    Come on guys, this is the big question:

    Does anyone know what proportion of lenders will give a 80% LVR on a single title unit complex?

    Cabo Wabo

  • Cabo Wabo replied to the topic subdividing 2 existing houses on one title in the forum Value Adding 19 years ago

    Has anyone done this with say a 4 unit complex? Is there much of a $$ commodity of scale in doing this with with a 4 unit setup as opposed to a 2?

    Cabo Wabo

  • Cabo Wabo replied to the topic What do you think of this book? in the forum Value Adding 19 years ago

    Thanks Kattan.

    All insights appreciated…

    Cabo Wabo

  • Cabo Wabo replied to the topic Duplex pair on single title – to split or not? in the forum Help Needed! 19 years ago

    Whats it cost to split the title?

    Cabo Wabo

  • Cabo Wabo replied to the topic Unit complexes and your LVR in the forum No Subject 19 years ago

    Qlds007,

    Roughly, what proportion of lenders are willing to do that? Care to name a few?

    Cabo Wabo

  • Cabo Wabo replied to the topic Need a great loan? in the forum Forum Frolic 19 years ago

    Just want to say “thanks Redwing”. Without that link you posted, i’d never have gotten the $95mill in need to spend the coming year in the space station…. and what more, i’ll have a bit left over to get some duty free on the way home. Awesome..

    Cabo Wabo

  • Cabo Wabo replied to the topic Remote Location Lending Ratios in the forum Finance 19 years ago

    I don’t think its only south hedland. I’m from WA too, and I did a bit to asking around the other day, and got the impression that they are a bit cagey about many country towns. I didn’t go into particulars about which ones. The banks see properties in them as harder to sell should they foreclose on you (heaven forbid).

    Cabo Wabo

  • Cabo Wabo replied to the topic Unit complexes and your LVR in the forum No Subject 19 years ago

    Thanks Stu, will do mate, will do….

    Cabo Wabo

  • Cabo Wabo replied to the topic Investing in Mining Towns in the forum No Subject 19 years ago

    I’ve spent many years in Kalgoorlie. Personally, i wouldn’t invest in a mining town. Too cyclical, and a very transient population.

    Cabo Wabo

  • Cabo Wabo replied to the topic What’s your occupation ?? in the forum Opinionated! 19 years ago

    I’m a mining engineer. We dig big holes and blow stuff up….

    Cabo Wabo

  • Cabo Wabo replied to the topic Google Earth in the forum Help Needed! 19 years ago

    Google earth is bloody awesome!

    Cabo Wabo

  • Cabo Wabo replied to the topic Golden Rules for Buying units? in the forum Help Needed! 19 years ago

    My current lender tells me that in the instance of where multiple dwellings are on the one title, then they won’t go past 65% LVR. Another bank said 70%. This could be quite restrictive i’m thinking, so i’m looking into it.

    Has anybody else go lil handy hints regarding purchasing units etc? I’d like to keep this string going for as long as…[Read more]

  • Cabo Wabo replied to the topic Unit complexes and your LVR in the forum Finance 19 years ago

    I’ve just notices that on this forum board, “Meak” is also chasing down the same info…. I’d chat to my mortgage broker, but he’s out of town for a few days…damn.

    Cabo Wabo

  • Cabo Wabo replied to the topic Golden Rules for Buying units? in the forum Help Needed! 19 years, 1 month ago

    Qlds007 (Richard),

    I appreciate your itemised reply… thankyou.

    Cabo Wabo

  • Cabo Wabo replied to the topic Just one tip… in the forum General Property 19 years, 1 month ago

    Its hard to phrase what i want to say. Its more of view on life and one’s potential. Rather philosophical, and maybe a bit arrogant…

    ….Take the time to observe our society. Look at those around you. Not just tomorrow, but everyday of your life. Listen, and be open to new ideas. See what people prioritize in life, and what they want. Read…[Read more]

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Cabo Wabo

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