Well done Dazz and Padma,
It’s always more interesting and informative to learn about the possibilities and the nuts and bolts involved. Also Dazz, I liked the way you explained how you re educated the lender and learned something from the vendor too!
Cheers,
Gatsby!

“Sometimes the hardest thing to do in life is often the best thing to do.”

I’d better leave this to be better answered by the brokers and those here who can give a far more detailed and descriptive answer to all of your questions. I use an offset and find it far more flexible and safer/economical than using a loc for my situation. Also, perhaps do a search on this site re” one versus the…[Read more]

Sometimes I feel like ‘Maxwell Smart’ from the series ‘Get Smart’ when I read a negative post. I often mutter under my breath, “If only he/she worked for ‘Control’ instead of ‘Kaos’ and used investing for “NICENESS”, instead of “EVIL?”
Cheers,
Gatsby!
(PS. When you state in brackets that you’ve got to put something in your cheek’, you’ve got me…[Read more]

RedTim,
You sound like quite a sophisticated investor by what you write for someone who is concerned initially about not being able to find +CF properties, etc. I would imagine from reading your posts (quality not quantity. The number of posts are irrelevant) that you are what I would call a ‘sophisticated investor.’ Kiyosaki and other investment…[Read more]

“Alright Stan, don’t lay to the point! And what have they given us in return?
“The aquaduct?,……………………………..

………………………………………………….,”

“Alright, but apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, the fresh water system and public health!, what have…[Read more]

Also Babu,
The Glen now has a major cinema complex and a huge public (bus) transport infrastructure that goes to Monash Uni, Blackburn Station, The beach, et al. (I had my first job at ‘Glan Waverely Shops after a I left school at the ANZ bank,..lasted 6 months! Today, I remember back to what it was like then and how big it is…[Read more]

RedTim,
I can sense your anger and you might want to see ‘The Assasination of Richard Nixon’ and I’m sure you could identify with Sam Byke’s anger (I know I certainly did). However I don’t think you’d like to identify with Sam’s character at the end of the movie (based on a true story which I saw at a Nova prescreening last weekend). Now that…[Read more]

Unless your parents are on the same path of wealth creation as you, then I think you may be at the risk of a path of family destruction? Your parents have probably worked long and hard (I’m assuming) to get to the point of paying off their ‘home.’ A home at this (or any) stage of life is very emotional and most probably a life long dream. Maybe…[Read more]

(People’s Front of Judea)
“What have the Romans ever done for us?”
“The Space Shuttle?”
Cheers,
Gatsby!

“Sometimes the hardest thing to do in life is often the best thing to do.”

Hi Resi,
I can’t believe what you’ve stated (ie.I “absolutely believe what you’ve stated”, but I can’t believe what you must be going through!!!!). You might be better to pm people on this site who you know personally and trust, rather than posting something that might cause the risk of libel (especially if you intend to pursue this matter through…[Read more]

Perhaps we may want to ‘redefine’ the definition of ‘retire?’ I’d like to think that when I retire, I can do the things that I’m ‘passionate’ about? Perhaps the terms ‘retire’ and ‘passionate’ belong together? After all, the day you stop learning is the day you stop teaching?
Cheers,
Gatsby.

“Sometimes the hardest thing to do in life is often the…[Read more]

Hi Joe,
As I am not a mortgage broker or profess to be experienced re: mortgage set ups by any means. I am currently using an offset account to reduce the principle on one of my investment properties without having to add any additional repayments (although that is still an option available). I’ll leave the ‘better responses’ to your particular…[Read more]

Postman,
I think your post clarifies what mine was trying to highlight more accurately.
Cheers,
Gatsby.

“Sometimes the hardest thing to do in life is often the best thing to do.”

John,
that was 9pm until 5am! Then she goes to work!
Cheers,
Gatsby!

“Sometimes the hardest thing to do in life is often the best thing to do.”

I also think that Kiyosaki’s prediction which he did base on economic cycles ie. we are over due historically for another depression (1 every 80 years?) is long over due. I also realize that it made me buy more of his books! As Kiyosaki has stated, he is acknowleged as a ‘worlds best author’ (or words to that effect).
Cheers,
Gatsby.

“Sometimes…[Read more]

Hi amused,
I think what you are referring to was what people were doing a year ago or more until the ATO stepped in and quashed it (ie people were buying a PPOR and an IP and using the tax benefits of the IP and applying it to claim back interest repayments on their PPOR?)
Cheers,
Gatsby.

“Sometimes the hardest thing to do in life is often the…[Read more]

I personally think that value adding incentives if you have a relationship (ie a healthy relationship via a great pm) with your tennants can help to creep closer to finding a property near to +CF (others may beg to differ). Perhaps use Steve’s guide of calculating a +CF property as an indicator of how far off (or close you are) to a +CF property.…[Read more]

I’d have to agree with gameone. If the tennants are paying the rent you want and you value your tennants, then to a certain degree the question is almost as difficult to answer as ‘where are places with a good reputation?’ As Mortgageman has said, the places that would be great to own are places that have high drug problems (and very high…[Read more]

For myself (and I definitely wouldn’t call myself ‘sophisticated’ in investing!) I know that if I had put my first deposit that I managed to save into a PPOR I wouldn’t be in a postion to have invested in IP’s and continue to invest. The question for myself (and perhaps others in similar circumstances) was my lifestyle. To gain the deposit from…[Read more]

Hi CoopsT,
I have Landlords insurance with CGU and my policy is due for renewal very soon. It only covers rental vacancy if the premises are untentable, so no it doesn’t cover rental vacancy.
Hope this helps.
Cheers,
Gatsby.
[“Sometimes the hardest thing to do in life is often the best thing to do”]