If you pulled out of the house and land deal why can’t you still get fhog and stamp duty concession?
Sell the car and buy something cheaper to own and run. Sometimes you have to make sacrifices to get where you want to in life.
When you’ve got the house rent a room or two out to bring in some extra cash and try to live off that money leaving as…[Read more]

Think this covers it?
https://www.propertyinvesting.com/forums/help-needed/43459376

Freckle, have you heard of something called confirmation bias?

http://en.wikipedia.org/wiki/Confirmation_bias

Additionally, do you need a 20% deposit when purchasing through a trust or can you get away with 10%+ and LMI?

Hi TerryW,

Can you elaborate a bit on your points just in the process of planning a trust what should I include/avoid so assets can never be touched !?

Thanks..

Not sure of suppliers but whatever you do avoid ‘vinyl wrap’ kitchen doors like the plague. Moisture/steam gets in from fridge/cooker etc and it soon unwraps.. meaning new doors again. They’ll last 3-5 yrs if you’re lucky and the tenant looks after them

The problem is you are lying to get a loan.

The bank won’t give you a normal home loan because you can’t afford the repayments on top of your husbands income / credit cards and any other debts.
They’ll give you an investment loan because you can afford to repay the loan when taking into account the extra rental income you’d receive from a…[Read more]

It also means unless your properties increase in value you only earn $55k a year and if they decrease, even less.

In Perth too, any plans to hold a seminar over here?

Hi everyone,

Can someone please summarize the do’s and don’ts covered here for new people!? What should jaiterry have done to avoid all these problems, assuming in the beginning he was using ppor offset/redraw account to save deposit for investment property whilst paying a bit less interest at home, with the possibility of later renting out…[Read more]