Corey Batt replied to the topic Personal Loan for Deposit and 0% credit card balance transfers in the forum Finance 9 years, 1 month ago
Certainly possible – but a bit messy on your credit file. It’s just snowballing the issue to the future, as the deposit debt still needs to be paid back, and will be a drag on your borrowing capacity as time goes on.
The best thing to do is focus your energy on saving for your own deposit.
Corey Batt replied to the topic What is a good next step in the forum Help Needed! 9 years, 1 month ago
Be careful how you structure this – especially how you mentioned using savings for an IP deposit. It would be much more prudent on tax and your overall position to use borrowed funds to make any investment purchases, any savings can then instead be used to be put onto your PPOR (or Umina Beach if this is to become your PPOR).
Corey Batt replied to the topic When "Just Do It" doesn't work so well…… (please add your thoughts) in the forum General Property 9 years, 1 month ago
As always, pragmatism is needed.
I do quite like the ideology behind the “Just do it” mentality – it’s unfortunate that I see so many people throughout life who hold themselves back from taking risks in their personal, professional and financial decisions which can improve their lives.
Perhaps it needs to be adjusted slightly to “Just do it……[Read more]
Corey Batt replied to the topic When "Just Do It" doesn't work so well…… (please add your thoughts) in the forum General Property 9 years, 1 month ago
As always, pragmatism is needed.
I do quite like the ideology behind the “Just do it” mentality – it’s unfortunate that I see so many people throughout life who hold themselves back from taking risks in their personal, professional and financial decisions which can improve their lives.
Perhaps it needs to be adjusted slightly to “Just do it……[Read more]
Corey Batt replied to the topic Positive cashflow with increased interest rate in the forum Help Needed! 9 years, 1 month ago
Agree with Jamie – otherwise you will have distorted figures based on the rates of the day. There’s a reason why lenders stress test their mortgages at the ~7% mark for rates too.
Corey Batt started the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 9 years, 1 month ago
Sweat Equity – Expanding your portfolio through Renovations
A common issue that a lot of early investors can find in their starting their investing journey is a lack of equity to draw to make their second, third (and so on) purchases.
The standard options for those early investors are either:
Save for their next deposit (again)
Wait for e…[Read more]
Corey Batt started the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 9 years, 1 month ago
Sweat Equity – Expanding your portfolio through Renovations
A common issue that a lot of early investors can find in their starting their investing journey is a lack of equity to draw to make their second, third (and so on) purchases.
The standard options for those early investors are either:
Save for their next deposit (again)
Wait for e…[Read more]
Corey Batt started the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 9 years, 1 month ago
Sweat Equity – Expanding your portfolio through Renovations
A common issue that a lot of early investors can find in their starting their investing journey is a lack of equity to draw to make their second, third (and so on) purchases.
The standard options for those early investors are either:
Save for their next deposit (again)
Wait for e…[Read more]
Corey Batt started the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 9 years, 1 month ago
Sweat Equity – Expanding your portfolio through Renovations
A common issue that a lot of early investors can find in their starting their investing journey is a lack of equity to draw to make their second, third (and so on) purchases.
The standard options for those early investors are either:
Save for their next deposit (again)
Wait for e…[Read more]
Corey Batt started the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 9 years, 1 month ago
Sweat Equity – Expanding your portfolio through Renovations
A common issue that a lot of early investors can find in their starting their investing journey is a lack of equity to draw to make their second, third (and so on) purchases.
The standard options for those early investors are either:
Save for their next deposit (again)
Wait for e…[Read more]
Corey Batt started the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 9 years, 1 month ago
Sweat Equity – Expanding your portfolio through Renovations
A common issue that a lot of early investors can find in their starting their investing journey is a lack of equity to draw to make their second, third (and so on) purchases.
The standard options for those early investors are either:
Save for their next deposit (again)
Wait for e…[Read more]
Corey Batt started the topic How to grow an investment portfolio with limited Equity in the forum Creative Investing 9 years, 1 month ago
Sweat Equity – Expanding your portfolio through Renovations
A common issue that a lot of early investors can find in their starting their investing journey is a lack of equity to draw to make their second, third (and so on) purchases.
The standard options for those early investors are either:
Save for their next deposit (again)
Wait for e…[Read more]
Corey Batt started the topic Lease Doc Commercial – Or How I learned to love Lease doc to continue investing in the forum Commercial Property 9 years, 1 month ago
I’ve mentioned this type of product a few times and find that quite a few investors aren’t aware that it exists, or how exactly it works. In the environment that APRA has created, this is can be a handy pathway for investors who have substantial equity but no capacity to borrow through traditional means.
In the commercial space you’ll generally…[Read more]
Corey Batt started the topic Lease Doc Commercial – Or How I learned to love Lease doc to continue investing in the forum Commercial Property 9 years, 1 month ago
I’ve mentioned this type of product a few times and find that quite a few investors aren’t aware that it exists, or how exactly it works. In the environment that APRA has created, this is can be a handy pathway for investors who have substantial equity but no capacity to borrow through traditional means.
In the commercial space you’ll generally…[Read more]
Corey Batt started the topic Lease Doc Commercial – Or How I learned to love Lease doc to continue investing in the forum Commercial Property 9 years, 1 month ago
I’ve mentioned this type of product a few times and find that quite a few investors aren’t aware that it exists, or how exactly it works. In the environment that APRA has created, this is can be a handy pathway for investors who have substantial equity but no capacity to borrow through traditional means.
In the commercial space you’ll generally…[Read more]
Corey Batt started the topic Lease Doc Commercial – Or How I learned to love Lease doc to continue investing in the forum Commercial Property 9 years, 1 month ago
I’ve mentioned this type of product a few times and find that quite a few investors aren’t aware that it exists, or how exactly it works. In the environment that APRA has created, this is can be a handy pathway for investors who have substantial equity but no capacity to borrow through traditional means.
In the commercial space you’ll generally…[Read more]
Corey Batt replied to the topic Calculations to find positive cashflow in the forum Help Needed! 9 years, 1 month ago
Hi Curtis,
Rental income, minus:
*interest (calculate at 105% of purchase price to establish the true cost of the property, as this will include financing costs of government charges)
*council rates
*water if applicable
*insurance if applicable
*strata if applicable
*letting and management fees
*maintenance
Depending on where the property is,…[Read more]
Corey Batt replied to the topic Cost of a new small kitchen in the forum Value Adding 9 years, 1 month ago
http://www.amorinifactoryoutlet.com.au/locations.html
Looks like they’re in Victoria too, in Clayton.
Corey Batt replied to the topic anyone in the finance market. i can get you in any golf club around Australia. in the forum Buy, Swap & Sell 9 years, 1 month ago
Infront of clubs?
Personally I find putters to be the best type of clients, woods the worst.
Corey Batt replied to the topic Is there anything I can do cosmetically, quickly to obtain a higher rent? in the forum Value Adding 9 years, 1 month ago
Paint is usually the biggest bang for buck for making a property look fresh and inviting.
Jamie’s picked up on a great one – pets! So many renters find difficulty in getting a pet friendly rental, I’ve found that when you offer them a place they will be a good long term option as they know how hard it is to find another one to accept their furry…[Read more]
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