Hi Del,

Thanks for your reply.

It was a lateral question. Worth a try

Captain

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Hi Captain,

If there was, there would be no +ve cashflow properties left. We’d all snap them up pretty quick I think!!

The best part is doing the research yourself and actually finding one![]

Good luck,

Del

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Thanks Livelife for your feed back.

I was asking my self the question. What do I get for my $2,500. I drew the same conclusion as you, not much.

Ta
Captain Positive

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I was considering to become a client.
What put me off was that they charge $2500 fee
that is supposed to cover advise from them forever plus software.That also includes help with re-financing (which you can get free through a broker).
They also strongly recommend that you spend another $350 or so on a report on your current financial situation.You pay for your first report and the ones in the future are free.

One big negative is that there is no specific contract that speciies IN DETAIL what you are going to get for the $2500. I tried to ask but all I was getting were very generalised statements.

I love Margaret’s books but I don’t think I will become her client.

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Thankyou all for your comments.

Much appreciated

Captain Positive

Hello
Maximus and thankyou.

To be precise, is there a calculater to work this out. How do I know the value of these costs??.

e.g. I know that I must get a property built after July 1988 to claim the construction costs but how do I know what that cost is without is getting the property valued. and so on.

Some one out there must a this in calculated for a novice

Forgive me, if I sounf dumb, but this is my first time.

Captain

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Hey Captain.
From the rent, deduct interest + rates+ insurance. You may also want to allow for repairs also. Don’t forget that you can claim depreciation which helps you out too.
Cheers
Marty

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In my opinion… interest only. The advantages are:

– You can make extra regular repayments if you like (subject to any product restrictions). Therefore you can make P&I repayments on IO loan.
– You can redraw any principal repayments (subject to product redraw).
– If cash flow gets tight then you can reduce payments to the bear minimum (i.e. IO).

The downside is that some basic variable products do not allow interest only repayments (or they charge a higher rate for IO).

Just my 2 cents.

Cheers

Stu

Property & Finance News
at http://www.prosolution.com.au

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