Hi Leo
I’m new to the IP game and still learning.
a great book i’ve read is
How to Create an Income for Life – Margaret Lomas.
It seems to compliment Steve’s book and to me fills gaps in Steve’s book.
Conversely Margarets book has gaps that the other book fills.
Hope this helps
rgds
Cobra

Hi
re the options to turn the -ve to +ve cashflow.
don’t forget that the building and fixtures have various depreciation rates and a good and knowledgeable accountant and quantity surveyor can turn your -ve tp +ve depending on your tax position.
rgds
Cobra

Just a thought !
if the average loan is say $150K at 6.5% reayments are $1012
At 8.5% repayments are $1207
At 10.5% = $1416
not including any tax breaks for extra interest.
I don’t think it would break the average +ve CF investor Or would it ????
The average homeowner would screamn and the it would spell death to the Govt at the next…[Read more]

Get the property revalued and them approach another lender with your new deal using the equity in the reno property as deposit??

I think it depends on which State you are in as in WA i believe you will find acceptance is binding.
HOWEVER – if you have conditions just use them as a reason – ie cannot get finance just get aletter from your finance co after assuring them you will buy elsewhere,. Or get a doubtful pest report???
Again be creative and try to change the deal as…[Read more]

Hi
Seems to be alot of bored IT people so i think i’ll stay away from that profession.
I sell and install garage doors but i only earn income if i work – when i’m away i don’t earn – so i’m looking for a passive income.
and want to ‘retire’ in 8 years.
1st Jan 2012
rgds
Cobra

Thanks to everyone who answered my query.
I’ll keep looking but the information really helps.
Thanks once again
rgds
Cobra

Aquarists

Hi Cookster
You say about ready to give up on WA – I’ve only been looking for 1 week and in /around Perth seen 4 deals that beat the 11 second rule ( none yet thet meet the new 7 second rule)
try looking harder or longer- don’t give up.
rgds
Cobra