There are misconceptions out there a plenty.

I agree with others about a balanced portfolio, and asset classes. But dont be fooled, there are balances within each category. Eg shares, blue chips only? Tecnology stocks or maybe mining etc etc Overseas markets

Proeprties, commercial? Rental, overseas etc…

I might add I am not THAT diversified…[Read more]

“True friends are like diamonds precious and rare, bad friends like autumn leaves, found everywhere…”

and I love walking thru the leaves in autumn…LOL

dont know who wrote it.

or you can put, to be upset over what you don’t have is to lose what you do have….

I posted elsewhere about keeping perspective and all that….we might move on,…[Read more]

maybe do a few checks and searches. That is an awful lot of money in my opinion when you don’t know much about them- and I take it on board you are aiming to find out.

I rather control my $20k than let someone else do it and there are always fees involved…

Elves

mine is $20m

congrats!

It is good to have an update.
And I am sure there are many out there, who have their own path to follow doing the hard yakka too with families in tow.

For those that feel the pressures of the hunt, be that jobs, new ideas, and family, I can only say this, there will always be new challenges, there will always be new things to learn,…[Read more]

hmmn I thought there was a difference? maybe not in rates but in the *other* things in contracts for loans…maybe it has changed since I got my IP loans.

Insurances, are stamp duty fees different (on loans)

They definietly asked me if it was owner occupied! And insurances will too. be careful.

the answer is yes, it is common practice, but the…[Read more]

I have used deposit bonds. Saves me using my own money, I use the banks but I pay a price for this.
I dont pay a deposit well only a $50 amount as such and put, if necessary the balance by deposit bond.

The real estate like these, almost like a guarantee of getting the money anyway…

ask a bank the finer details…cheers

Elves

I dont have a list, but you would be shocked that sometimes the budget blows out because of something that was unseen, and it does happen.

Depends on many factors, like your solicitor, or pest person, builing inspector, depends on the amount of time, effort and expense, eg you might forego property and pest inspections (might be a bad choice),…[Read more]

Just my thoughts:

I bought properties just over one year ago, after trying hard to get a home loan. It took the only bank manager who actually listened and gave me credit, to get me on the path. About 10 others couldnt give me any hope. I pay usual rates of standard loans, no sharks here.

My properties now over two year span(includes my home)…[Read more]

“One thing this site has taught me is “Researching your purchases is paramount”.. it’s no good buying a + Geared property in a one horse town if the horse then leaves”

REDWING

– or closing the barn door after the horse has bolted

On another note, I locked in interest rates before they increased.

I think I will sit on some plateau, waiting to…[Read more]

Howdy

The area I bought in has skyrocketed. Suffice to say I can’t afford to buy any in the same locality.

My bank manager here in NSW, asked me what the hell was going on and had I heard of a place, a little south west of Brisbane, Yes I had. What gives he asked. Dunno, must be all the NSwelchers! Apparently he has completed a number of loan…[Read more]

I beleive there may be tax implications associated with the plan, but hey I’m no accountant.

A member of my family have rentals, and a resort investment. Not the expensive ones. There are times they go to get away.

These are units that are rented out, but they own and obviously like all these things they are seasonal, they are subject to the…[Read more]

I’m sure there will those that make it and those that don’t, as in all walks of life.

Actually I thought most women picked the homes? or properties (married generalisation here folks!)

as in those that control the purse strings…lol

cheers all

I use deposit bonds, saves my own cash a bit

but all the properties I have bought so far have been signed actually on a $50 deposit if the truth be known.

LOL I can afford the $50 ….

One word here though. I signed a contract for a place that I had family members look at on my behalf, it was in another state. Subject to….the usual.

Hand…[Read more]

“the difference between a weed and a flower is a judgement” – dont ask me who coined the phrase but it wasn’t mine…

Hey I am cynical by nature (must be the scorpion in me) but I love people to do well, more than happy to share my perspectives and to give out tips, but so many …..er dont listen….lol

And not that they should, to me that is.…[Read more]

I felt I hit gold today! A garage sale with books! Not just any old books mind, Paul Clitheroes Road to Wealth, Jan Sommers…finance and budget books, I was in my element! All looked new, not read. and A steal…three books for the grand pice of…$10. I spent 20. Given the books had the prices on them, I also knew the prices, some $30 some $55.…[Read more]

wow Julia!

er, come again….

Elves

Yep not much change from 1million in sydney
of course you could try peal beach near gosford, most up there are well over that.

elves

Thanks all for the responses.

I would love to go along to meetings…did ask too..forget who though

Yep women have strong intuition, but gender aside we are all here for a reason…and I hope that along the way we can all add to someone’s learning….

cheers

Elves

Pisces and all

I have to do the right thing! I work for the government…LOL

However yup, not happy thats why people talking about their accountants, helps others see that something isnt quite right…

I once had a brilliant accountant, but she got well known, and too big and then went off to help politicians……

elves