Hi Guys,
I too am on a lo doc loan with exit fees.
Does anyone know if this applies if you want to increase your borrowings with the same lender?
Sue [biggrin]

“Be careful not to step on the flowers when you’re reaching for the stars”

Hi DD,
Some deeply thought out advice you gave Milly.
Just one question, are you recommending not paying off your own house? I am interested to know why you feel this way as most people seem to advocate clearing personal debt ASAP. I would just like to hear a differing point of view.
Cheers,
Sue [biggrin]
P.S. Good luck to you Milly, you seem to…[Read more]

Wow, some great replies, thanks guys.

Russ, The building seems solid, one building BV, all units attached. Small improvements, such as new standard kitchen would help increase rent.

Monopoly, Units are all on one title. Have spoken to the council and all indications are that they could easily be strata titled. If I was to do this they would be…[Read more]

Hi Tracksand,
I’d start with the local council. Ask them what their thoughts are on the matter. It helps if you have a definite property in mind.
If you are going to strata title a block of units/flats, you will probably have to set up a body corporate (In Vic anyway) This can be complicated, but a good solicitor should be able to help you with…[Read more]

Hi Kaye and all,
How long you get paid for, is how long you insure for….i.e you can get policies that pay you benefits for 2 yrs, 5 yrs or age sixtyfive. We;re going with the to 65 policy.
The maximum you can get is 75% of your current wage, as far as I could tell anyway. And you have to prove it when you claim, which could be really hard for us…[Read more]

Hi Mel,
Haven’t spoken to you for a while….[glum]
Yes you can “pay per use”, as you put it.[biggrin]
Cash still is the best bargaining tool, even for medical procedures.
Typically, when you need a procedure your specialist will ask you if you have private health insurance, you say no, then he/she says “there’s quite a wait at the publc…[Read more]

Hi Drew,
Interesting situation.
Four properties, one area, next to no growth, negative geared.
Is there something going on in this area that causes you to believe the rents will increase dramatically in a couple of years or there will be good capital growth?
Even if the rent does increase, will it increase enough to cover the present negative cash…[Read more]

HI George, er Gatsby,
I’m in the same boat, just signed up a policy for my hubby. Actually hasn’t been approved yet…waiting on doctor’s report.
Some points my accountant advised me to look for:
(These may only be relevant to us)

* Go for the level premiun, not the increasing.
A level premium basically locks you in at the age you are now, with…[Read more]

Very nice geo,
Sure made me laugh.
Sue [biggrin]

“Be careful not to step on the flowers when you’re reaching for the stars”

Hi Kay, Bear and all,
I see nothing wrong with the public system. (Apart from the horrible waiting lists of course)
Other than that, I can’t find a fault.
I agree totally with Bear, in that a doctor will drop his price for cash. This happened with my op and I am quite suprised that it happens.
One thing I didn’t mention is that when I checked in…[Read more]

Hi guys,
Interesting topic and a coincidence considering I only had a major operation 4 weeks ago….
Here’s my story….
Have had four kids,
2 private hosp and 2 public hospital
All four were born under the SAME private doctor
(When I didn’t have insurance, he bulked billed for all my pre natal checkups)
O.K…. so he wasn’t “allowed” to deliver…[Read more]

Hi Kelhutch,
Sounds like a good idea to me. Are you sure it will cost less than $40k? Sounds pretty cheap.
The only thing that would bother me with a proposal like this is having to live next to my tenants. Could work out great, could be a nightmare. That’s just my personal position. If you think this option will work out for you and you’re…[Read more]

Sorry Baloo,
The problem may be that most of us have paid for a package of templates, that includes an offer document that you describe.
You could try a net search, your state real estate association or even a real estate agent.
good luck,
Sue [blush2]

“Be careful not to step on the flowers when you’re reaching for the stars”

Hi Afloat,
Didn’t see the ad. (I’m in Vic), but I have seen many ads from companies advertising cash flow+ deals, especially in investment mags.
Just make sure you check everything, and get your own independent legal advice.
Hope it all works out for you,
Cheers
Sue [cap]

“Be careful not to step on the flowers when you’re reaching for the stars”

Thanks guys,
Just wanted to know exactly what to ask for, so I don’t come across too stupid. I want the records for my own research to check that the units are renting well. I don’t need it for loan purposes, I’m getting a low doc.
Thanks again for the info Celivia and Simon,
Sue [exhappy]

“Be careful not to step on the flowers when you’re…[Read more]

hi guys,
I’ve heard that the plasma TVs have tiny “globes” or something similar in them. If one breaks you are up for a hefty price to replace it….and there are thousands of them!
Anyone else heard this about the plasmas?
Cheers,
Sue [biggrin]

“Be careful not to step on the flowers when you’re reaching for the stars”

Hi Montrose and everyone,
I was bitten by a mortgage broker early last year. It was a nasty bite, leaving a deep scar.
I swore black & blue that I would never use a broker again………
However, after being on this sight for several months now my opinion has changed. I have read the many posts by Simon and the others and I find that some Mortgage…[Read more]

Hi Kym,
Welcome back, might look a little different, but basically the same,
Have fun,
Sue []

“Be careful not to step on the flowers when you’re reaching for the stars”

Hi Matt,

[:o)][:o)][:o)]Happy 18th Birthday[:o)][:o)][:o)]

Hope you enjoy your beach holiday,
Cheers,
Sue []

“Be careful not to step on the flowers when you’re reaching for the stars”

Hi Guys,
Just a query with that advertisement. It says the tennant pays body corporate fees and general maintenance. Is this the norm? I thought the owner usually paid these expenses.
Cheers,
Sue []

“Be careful not to step on the flowers when you’re reaching for the stars”