Originally posted by foundation:
Putting family first would surely include such niceties as feeding and clothing them, not just providing a roof over their heads? On $960 per week minus tax, plus welfare, minus $600 mortgage payments, I’d suggest one would need to be neglected…
F.[cowboy2]

Indeed F, indeed. One would surely be eating 2 minute…[Read more]

Tsk tsk tsk. Sometimes I really hate the way these enquiries are answered on this forum! Let’s all sit on the porch, have a cup of tea and calm down!

I’d personally keep your PPOR. Living in your your own home has it’s own emotional responses and effects, and IMHO, those feelings are more important. I put family ahead of everything. The family…[Read more]

I agree with what the majority of people have said… And thanks for posting that saving strategy Chris!

The most important thing to concentrate on would be reducing that personal loan ‘bad’ debt, and increasing intellectual knowledge in the mean time! So, while you pay down that debt, read read read, and grow more and more knowedgeable.

As…[Read more]

Hey, I’m in a pretty similar position mate. I’m the same age, but I NEED to move out with my girlfriend in the next couple of years.

It’s a huge toss up to either invest in smaller IP type properties now, and sacrifice the FHBG, or save up for a bigger deposit, and buy your PPOR with the FHBG. Passing up the grant, and more importantly, the fact…[Read more]

Josh, the last thing you need to do is apoligise… Thanks so much for writing such a long and helpfull post!

The question I was leading to was how much MPI cost, but you also covered that! I guess it comes down to working out weather it’s better to pay the MPI and have the advantage of taking out a higher LVR loan, or saving a larger deposit and…[Read more]

Cross Collateralisation? Can you explan Josh?

That makes sense Terry, thanks. I’m just trying to get my head around it though… Because the principle of the initial loan has increased to $120,000 once we draw out the equity, I assume repayments will most probably be higher? You implied I’d need to refinance, is that correct?

If you wanted to…[Read more]

Dazzling… On fire as usual!

Are the six costs you mentioned generally speaking the big six which would need to be considered when evaluating any CF+ deal? I don’t mean the figures themselves, they will obviously vary with location, but the actual type of cost…

Originally posted by mouth:
Originally posted by Nigel Kibel:
On the other side there are areas like Altona. I know of a weather board house with a Unit behind where the asking price is only $260,000.

If it’s for both, that does sounds good. And the casual reader could not be excused for thinking that you got both in the price. Though if you…[Read more]

Ummmm, nah, I’ll be right, thanks [thumbsdownanim

Hi Daniel,

Welcome on board. I think everyone is in your position at one time or another, and as a result, this forum gets flooded with questions very similar to yours. [blink]

This forum is full of rich information which you should try to absorb and take it (as overwhealming as that seems at first). In addition to the books you’ve ordered,…[Read more]

Thanks for all the kind and cluey replies so far.

I guess I should have described the property a little more. It’s a 3 bedroom house, close to schools, with polished floorboards throughout. The area is semi rural, but NOT Broken Hill, or that isolated. Have already done that search, and thought twice having read up on these forums about the area.…[Read more]

Hey Bedford… I’m a new investor also, so my word is far from gospel…

Times have changed, and so must techniques. As Steve’s said many times, CF+ properties can no longer be bought, but created. See a problem, then think creatively to try and solve it. Do yourself a hige favour and buy “Rich Dad, Poor Dad” by Robert Kiyosaki… It’s now a few…[Read more]

Mitsubishi Evo IX… My pride and joy… Haha [blush2]

I assume though, that the cost out of your own pocket to finance the loan throughout that settlement period should be factored into profits?

Sorry to bump this up after so long, but I’m pretty interested…

Regarding these type of cosmetic improvements, particularly gardening and simple landscaping, what sort of return could you expect? I realise this is obviously a rediculaously broad question, but maybe some examples, or rough estimates?

Yeah Dazzling, I read another one of your posts somewhere else and it mentioned what I assume is the same patch of turf (or bitumen in this case). Is this the same Ugly Duckling?

My only other question would relate to how you found the tennant. Did you simply advertise the space, or did you have the opportunity lined up through networking before…[Read more]

Wow Dazzling… That’s impressive. I’ve been reading these forums for quite a while now, and your’s and foundations names (just to name a couple) are ones which stay in my mind, with the label “RESPECT” attached! [buz2]

What are the tennants actually paying for on the land? Some commercial lease on the “crappy rusty sheds”? For someone to be…[Read more]

Originally posted by SteveMcKnight:
Hi,

Yep – Dave and I have shaken hands, thanked each other for the memories, and decided to part ways.

There is no gossip or hidden agenda. We had simply reached a point in our business relationship where we wanted different things.

Rather than compromise and end up with a lose-lose outcome, we respected…[Read more]

Hey Greenie!

Welcome to the world of property investing.

Not sure which of Steve’s books you read, but the market has definately changed a bit since he wrote his first one. That’s not to say there’s not the same kind of opportunites which he utilised out there, you just have to look.

I’d be very (very, very, very) suprised if you found a…[Read more]

Originally posted by Terryw:
Maybe:

Raby
Campbelltown
Mount Durrit
and surrounding areas??

(I hope I haven’t offended anyone living in these areas).

Terryw
Discover Home Loans
Parramatta
[email protected]
Sign up to my mailing list.
Just send me a blank email, with “subscribe” in subject line.

Oi watch it buddy, I live in…[Read more]