TMA,

I’ll do more reading and research but I prefer to get more practical experience than purely academic.

Mind you I jumped into self-employment without working out how much I needed to charge and things like that so ending working long and hard for low income.

Office or home based I need a “base” where I can do various things (both technical…[Read more]

TMA,

I will likely just get a low-doc loan so its getting the deposit together which is going to be my task. Perhaps I should consider a regular geared savings plan (http://www.anz.com/aus/fin/investing/gearedFact.asp) then later a margin loan on a property trust?

I believe I can also join the army reserve and get 2g for 45 days training. This…[Read more]

TMA,

If the shares go down in value the bank will issue you with a margin call where you need to pay back the difference so you are right that there is a risk. Interestingly though it works the other way as well if the shares go up in value you have more equity.

You may both be right but the less risks I face the less I trouble I have sleeping.

I assume you only need to use another property from your profolio as security if you do not have the full funds required for a deposit.

You may only need a fraction of the value of one of your properties but you are risking much more than that fraction by using…[Read more]

It would really depend on a few factors like the bank or finance company you are dealing with and who handles your case.

It does go on though. While the tellers you deal with when you go to the bank are nice friendly people the ones working up the top of the corporate tree can be quite the opposite.

I’d suggest trying to use the property you are…[Read more]

I hear when they take posession of the property that it can really screw you over.

They (the bank) virtually give it away and usually to one of their mates. With what left they take out all the trumped up legal fees etc and you might have a few pennies to rub together afterwards.

If you are going to have trouble paying the loan don’t tell them!…[Read more]

Perhaps there will be a flood of cheap family houses as the empty nesters move into smaller retirement housing and people have less children.

So your saying its easier to do the 11 second rule in your head than the 2 second rule?

Doesn’t everyone carry a Palm Pilot and use its calculator?

When I was flatting they never put the rent up.

I was paying $95 a week for a 1 bedroom in Leederville for a year and then $120 a week for a 2 bedroom in Glendalough for about 16 months.

The lady that lived in the flat in Leederville before me had been there for 10 years and was paying $70pw rent.

I assume they put the rent up again after I…[Read more]