Guys and gals if we all had the same opinions all the time not much would get done in a hurry. Lets respect each others views and if you cant say somethig positive then just let it go. It is not worth all the agro.

A difference of opinion is healthy, worrying about if, maybe, might, possibly etc will just make you unnecessarily sick.

Breath…[Read more]

you actually have to add her to the Credit reference association who everyone checks credit history with. Unless oyu are a bank this usually costs a $1500 fee for a years membership. I queried the fact I had details of a dodgy person and why wouldnt they want to know and they said pay the money or go away.

let Karma do the work for you. They…[Read more]

The land tax threshhold for IP’s is no more. Thats what i thought I heard but I have been drinking Tullamore Dew while reading some posts.

So im not 100% on that

DD

Don’t sweat the small stuff,and it’s all small stuff!!

this tennis match has been great to watch ladies. Im sure lots of people are being scared to voice their opinions as I speak.

What was the original question??

DD

Don’t sweat the small stuff,and it’s all small stuff!!

Vader you really need to loose the patched up 260ZX mate apart from that go and see a post I left in another help topic. that will show people I can discuss both sides of the fence, why to and not to pay off your own home.

Its all fun

(yes AOC rules)

DD

Don’t sweat the small stuff,and it’s all small stuff!!

Yeah thats one thought but look at it this way. All funds goto expanding your property base while effectively(IO) leaving your own house on hold. This means that whenever(now or later) you put funds to it you do not get any tax benefit. This means that now being the cheapest time you will ever buy property, is the best time to funnel money into…[Read more]

We have had a similar prob with joint names on IP’s. Luckily we got better advice year 2 and since then each new IP is in either one or the other not both names.

Other options are trusts for new purchases but thats a few K to set up and then $1000.00-1500.00 to read trust deeds by lender and can add as much as 2 weeks to final approval which in…[Read more]

ok starting out all you can afford is what you buy, cheapie properties. So if you get afew then a few more and they work coz they have the cashflow or close to it for your budget to cope, stay there and dont be greedy. We have lots of small properties and like it that way.

Buy 1 x $500k property and you have less rent and 1 big risk, 5 x $100k…[Read more]

Got the bug when my wife dragged me to a few seminars, did the off the plan unit think and sold it a year later $60k up. Paid off the house. this was 3 years ago. We have jus sold an IP1 years after buying it and made $85k on a $100k purchase. Life is looking good and im 42. New house in Coffs we move into in a month. I love property with a…[Read more]

From my understanding ,and dont bank on it(haha)you can claim some of these when youlock in the capital gains ie when you sell. Not sure which and how much so go get one of the ‘qualified’ financial advisors to answer more accurately.

Good louck and keep smiling.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

Battle of hastings man you need to think outside the square you definitely live in. If you get an IP with say 10% return(7.5% rent + deductions) not only do you get better than the ‘safe’ option you are looking for, but also ongoing tax deductions to boot. The ability to borrow against an increasing asset and tax is payable on capital only if you…[Read more]

add mine to the last posting, do what others dont and stop procrastinating.

DD

Don’t sweat the small stuff,and it’s all small stuff!!

All BS im afraid. I did exactly what you have in front of you, upped to $15k. used it more paid it off more, now off to Fiji on 90k frequent flyer points this friday with family. Had one time I needed it down, did it over the phone very easily, and got the new loan needed. Cash crisis 2 months later, called up and as it was less than 3 months…[Read more]

What you are suggesting works for a time but we had 3 splits with anz and it just cost us fees without any real benifit. We then merged them all into 1 loan 7 props at a later stage.

Its all a personal thing but if you have diff loan with diff lenders you have greater flexibility down the track. IE sell one kill a loan, no delays to reval others…[Read more]

Save hard work hard and get that deposit by hook or by crook. Sell the car, sell the dog, create unique and cheap chrissy prezzies, anything to make that first deal a reality. Harder now easier then.

My wife and I took 12 years to pay off a house in Sydneys west. Next month we move to Coffs 200 metres to the beach. Its 3 years from finishing off…[Read more]

Milly, do not sell your valuable assets as one person has suggested. It then kills your centrelink as well as hitting you with a big Capital gains bill. Firstly go get yourself a depreciation schedule on each of your investment properties. This will allow you a tax break on each house and is tax deductable in itself. Secondly by drawing the equity…[Read more]

Lets petition for a chat room here.I for 1 would love a live chat at midnight when I do most of my stuff anyway.

DD

Terry is right, we have deals with Bank S, lender R, lender I, Lender P, Bank A, and an offshoot of bank N. Great brokers are determined by how much their clients love them.

I love mine.

DD

is it on one title or 4?? is there an active body corporate? Is there a property manager in place and what management rates?

Is the area growing and if so why?
Is there a slush fund in the body corp for you to do renos out of so you dont hit your money?
Have you got a building and Pest report yet?
What structural or other damage needs repairs?…[Read more]

Instead of worrying on what might be, do oyur sums and work out what should be. Thats right….you investing in something somewhere not just chatting about it in a comfort zone website.

Have a go, you arent getting younger and neither are the opportunities.

DD