thanks for every ones feed back since the last time i posted i have signed a contract on a property (my very 1st one ) with a $500.00 deposit.the vendor is fine with it and has also signed so now on with the gritty stuff. Aimee

thanks everyone for your in put.much appreciatedcheers

i ask because my cash savings have been some what stretched due to a family emergency and i no longer have the $1000.00 depositi still have money for the convayencing and raports tho.i guess im not real sure what i should do from here on?any advice or friendly tips would be appreciatedthanks

Hi Tracycan you please confirm for me if her books are ebooks or if they are sent out through the post?i bought one off the link you provided but i can find anywhere on the site that tells me this.cheers

yeah i was scratching my head there for a while too lol

wow dont know what happened there with all those posts????????maybe i have a yowie in my comp LOL.thanks heaps tracy i read more itto it and i think i'll start with that one too. thanks for the recomendation.sorry terry i was just asking tracy which book to start with as my hubby goes nut when i buy more than 2 books at a time . my libery is quite…[Read more]

Hi Tracy do all her books come with the software or just the one you got .  'which one did you get out of curiosity and are her books good?theres 3 good ones there i like but not sure which to start with. lol i can only read one a t a time (buggar) 

please let me know if im understanding this right (i dont want to make any big mistakes)okay so when you've looked/discussed the property it's best to inform the agent you want to make an offer and then go to there office and fill out a written offer. and then any counter offers or term conditions can be done verbally.once the offer has been…[Read more]

thanks joni didnt mean like a silly low offer sorry if this sounded that way i meant a reasonable low offer than what the asking price is.for example im not going to make a 300K offer on a 400K asking price.but thankyou for your thoughts

thanks mackardoesnt it take longer to organise a day and time to go in to the agents office just to make an offer though???what if im prepared to make an offer right there and then but would prfer it to be written?or do i make my really low offer verbally and then my last offer written?cheers

thanks for thatnot with tax deductions as i'd prefer a return at the end of year to reinvest. (so i dont spend it on stuff)do i still need to include the tax deductions?whats the usal tax % i can use to work this out?

hi guys this info's great but where can i download the written offer templetes from i live in NT?

thanks i will

thanks richard i'll definetly have to put this to a finance broker before i settle on a property.would a silicitor know about this or is that entirley different kettle of fish???

QLD007 you saidClearly the preferred way to go forward is a simple interest only loan on your PPOR with a 100% offset Account.If the property will be negatively geared then ensure that the PPOR is held as though you were buying a IP from the start. If you want to hold the property as Tenants in Common with an apportionment of the shares then e…[Read more]

i have to agree with ecl.im 21 and looking at properties they must think im a tyer kicker/ dreamer lol some of the looks i get and sometimes they say oh you wouldnt be interested in this and offer that i dont viewit!!!!!!!!!!!!!!!!!!but on that  note i have met some decent re agents and it almost seems unfair (to them) because i must come across t…[Read more]

i added the 5% closing costs on the loan and did the sum again on scrap paper.i'll keep pracitising.also if you opt to have a tax return at the end of the year i shouldnt put it in the calculations should i as the cash  flow per week would be out slighty?or do you just add this in on general to get a quick i dea of the return?and then the 5%…[Read more]

 oh okay now it's starting to make some sense. lets see if i've got it yet.the sell price is $140K20% deposit 28Kloan amount 112Klikely rent $200 pwloan repayments @ 8% are $8960 anually20% holding costs are $2080 anually      (this 20% of rent covers all costs like agent, tax & repairs yeah?)cashflow recievedrent $10,400minus ( – )cash flow paid[Read more]

this is going to sound really dumb to some people but i dont even know what closing costs are? is this something your charged on a loan by the bank?to be honest i dont really get were all this info fits in?i understand cash recieved isrental $15,150cash paid:is this were the 5% closing cost comes in along with the 8.5% interest payment?cash…[Read more]

so it's safe to say that if i calculate the 4% of the purchase price this would be my annual cash flow expenses???????