Hi Lindy-d

Capitalised interest is is where any interest payment that is due is added onto the loan. In other words, you don’t actually pay the interest at the time that it is due. It is capitalised (added) onto the total amount that you owe the bank and paid back at some later date (hopefully)

So if you keep capitalising the interest on to your loan then your total loan keeps getting bigger and bigger.

Might be a useful tool in the short term when funds are a little tight.

Hope this helps

Take care
Dave []

Hi Joff

Went to a Steve Navra mini seminar on Monday night in Brisbane after returning from the APIM seminar.

His opinion as to when the market would seriously “turn” against investors would be when interest rates reach about 8.5%. If I remember correctly the reason for this is that some investors have a very high LVR. This combined with rising interest rates would really put the squeeze on the affordability of these investors to meet their financial commitments.

I guess as your LVR is very much under control, I’m not sure that you will have too much trouble meeting your commitments.

Good on you for minimising your risk as you see it.

Take care
Dave []

HI Everyone

I’m based in Queensland and can highly recommend Dale to anyone who doesn’t already have a great accountant and I mean GREAT!!!

As has already been pointed out, it doesn’t really matter that he’s in Melbourne when I’m so far away all thanks to the internet and fax machines!!!

Take care
Dave []

HI Everyone

I’m based in Queensland and can highly recommend Dale to anyone who doesn’t already have a great accountant and I mean GREAT!!!

As has already been pointed out, it doesn’t really matter that he’s in Melbourne when I’m so far away all thanks to the internet and fax machines!!!

Take care
Dave []

ps I’m not the only person in Queensland using him

Hi Everyone

Couldn’t help but reiterate what Steve suggested in the weekend and that is:

Always work out what your worst case scenario is!!!

That way you are going to be streets ahead of the competition if the economy moves or some other unforseen factors come into play.

Agree that Jan’s book is the “bible” especially as it has so much detail which I find myself constantly referring to.

Two other books I would like to recommend are:

Real Estate Riches by Dolf de Roos
ISBN 0-9711652-0-3

Due Diligence Made Simple by Hans Jakobi
ISBN 1-876818-08-5

Take care
Dave []

Hi Brent

Thanks for that

Take care
Dave []

Hi there

I’m new on the forum here and I’m still finding my way around. I certainly don’t see a problem with helping others navigate to a previously discussed topic after all we’re here to help each other aren’t we????

I guess if in the future when I’m not so much of a newbie that I have to repeat myself several times, it’s not going to bother me knowing that I’m doing the best I can to help someone else.

I feel if you’ve made the effort to log on to the forum and than have the guts to ask a question, I take my hat off to you. You’ve got to be serious about what you’re asking right?????

Therefore if it takes a little bit of extra effort on my part to help get someone across the line with their understanding I’ll do it!!

Take care
Dave

ps how do you get the smiley faces onto your post???

Hi Little Mermaid

I hope this is not an unethical thing to do, but could I suggest you email a great accountant based in Melbourne who specialises in setting up these structures for people??

His name is Dale Gatherum-Goss and his email is

[email protected]

He’s a great bloke and is only too willing to help people like ourselves getting started.

Perhaps before you even do that could I suggest reading through and listening to Steve’s Wealth Guardian package as this certainly helped me clear up a few issues I was uncertain with.

Hope this helps

Take care
Dave

Hi Chris and Cheri

It was a pleasure to share a table with you on the Sunday.

Hope you both got home OK safe and well

Look forward to meeting with you guys again soon

Take care
Dave