I have been on this presentation (I think) in Melbourne couple of weeks ago. For me it was a good current market overview, a backet of motivation and plenty of tapes/books to buy like on any other seminar of this type. Personally, did not get much out of it.

Thank you Richard and Terry for couching.

I did not need LOC as I was ahead of paying my home loan. I followed one of the basic rules to eliminate the non tax deductable loan first. When I finally paid it off, I have asked for LOC on one of my IP loans as I did not want to wait until I save enough for a deposit. The plan is to use LOC only as a…[Read more]

Thanks Terry,
I have acctually set up LOC on my last IP when I payed off my home loan with purpose to use it as a deposit for the next IP. So, if I go to the bank for the next loan they should let me buy it without x-ing it with other IP properties. Is that right?

I will start undoing all the collateral bundle and try to free the IPs up.
I guess…[Read more]

Richard,
If I read it correctly the unit holder would be the high income member of the trust and he/she could distribute some or all income to the lower income earner to minimise the income tax and maximise negative gearing. ?

Hi sanjivgupta,
The house is 51 years old, I have just increased the rent from $190 to $200 per week. I have not renovated it yet. I still have there the first tenant so I keep them until they decide to move on. I think I can get another $10-20 per week with a simple painting and cleaning up job.

Looks like subdivisions are in fashion close by…[Read more]

Thanks Terry,
What the LOC stands for if you don’t mind asking?. My LVR is more than 80%.

I must have missed the lesson about crosscorateral. I have my own house (just recently paid off ) X -ed with my 3 IP. How do you go about undoing this mess with no blood spilt. !!!!!!

I bought a property in Central Frankston for $220K in Sep 2004. It has not appreciated much yet but I am waiting for the next cycle to do the job. I think Central offers a good value considering location. My lesson from this old property is – get the property inspected by Archicentre or Builder before you sign the contract. The inspection found…[Read more]