If your comfortable where you are – stay. Then use the equity in your current home to purchase another investment and rent that out. You see to sell your current home, you would get 120k but to purchase aother home – the new one would cost you maybe 200-250k.

If the agent said you could get 200 p/w – I would get him/her to put it in writing. Look…[Read more]

Debts are Debts. Your sister is right. If the bank do a Credit check on you – and they most likely will, it will be very difficult to borrow money even after you have cleared the debts. They will say, “You had debts before, you could have it again if we were to give you the loan.”

Your wife’s time is precious – if she is free all day every day,…[Read more]

Hi Si,

no its not illegal and many do it – infact, many on this forum do it. Put this post in ‘General Investing’ or ‘Help Needed’ forum. your sure to get a reply. Or just email Westan, Bear, Muppet – they do it aswell. but I would put a post on the other forum. Try MortgageHunter aswell.

Kind regards,
George.

“If You never never ask, you’ll…[Read more]

ITS A MUST – you have to have a goiod one of both – its vital. who cares if they’re expensive – as long as they’re smart and know what they’re doing – cause remember any payments to the solicitor or accountant are tax deductible.

Robert Kiyosaki once said,
“I don’t mind paying my accountants and solicitors millions of dollars cause they’re making…[Read more]

Hi Shane,

you’ve already made a good start by getting on this forum and making a learning experience out of it.

Yes there are plenty of properties out there to make us all financially free. It’s just a matter of time and persistence.

In regards to where to start looking:
To be financially free through property, you need to look everywhere, make…[Read more]

so very true…i have to agree…they are cheeky at times yet still so very cute[hair2]

“If You never never ask, you’ll never never know”

Simon…your a wealth of knowledge…you should write a book[grad]

“If You never never ask, you’ll never never know”

I think so too…[biggrin]

“If You never never ask, you’ll never never know”

I agree borrow the entire amount and use your savings for two things:
– the investment into other properties
– reduacing your loan repayments off your current loans.

“If You never never ask, you’ll never never know”

Hey Chan – got a great Idea.

Why don’t you buy or lease a PDA or even better a laptop and then claim it off the TAX…[biggrin][biggrin][biggrin]. Mate you’ll be[strum] for joy. It’s all [thumbsupanim] – trust me. You can do this. You see if your job is ‘to buy properties’ then buying a 2k or 5k laptop to surf the net and speak about properties…[Read more]

Hi Darren,

thanks for your PM. The way I see it is that for you to get that kind of rent, you have 3 options:

1. Buy an expensive house around 300k in Metropolitan Melbourne and lease it out.

2. Buy an office block in the city

3. Buy a cheaper residential property in a country town that has better returns than property in Melbourne…[Read more]

Hi John,

Definetely don’t wait – well that’s my opinion anyway…Geelong prices won’t fall – especially with the new airport and many students go to study in Geelong…I know this for a fact…I would believe it is the perfect time. And personally I would get that property because it is low maintenance – that’s what I prefer…but how much less…[Read more]

I would like to invest in Bali or Fiji – not sure if you need citizenship though. My cousin is from Africa and he came recently to Australia and bought a house and bought it cash. He therefore didn’t need any citizenship since he was not going to take out any loans. My understanding is that it would be the same for Oz investors investing overseas…[Read more]

I have learnt NOT to trust banks…[angry2]

“If You never never ask, you’ll never never know”

by the sound of things – you are going to pay too much for an accountant’s advice – there are some that offer free advice out there. If your in Melb – I can reccommend one.

But I would take with you as many questions as you can possible. Until you meet this accountant, pick up as many magazines and articles and speak with people – anything you…[Read more]

yeah i agree – sus the agent out and the speak to the council and investigate its true worth – then always submit a lower offer. what have you to lose. The worst that could happen is the agent comes back to you and says, “sorry, the vendor won’t budge – you’ll have to go higher.”

Kind Regards,
George

“If You never never ask, you’ll never never know”

like it – good one redwing

“If You never never ask, you’ll never never know”

I know of that system – it’s a bit of a headache and you’ll at most times need an extaernal modem connected as a bypass between your computer and the phone line and if higher management sees it – which is likely – you won’t be in a very comfortable situation.

“If You never never ask, you’ll never never know”

for further info on the South – try talkin to Westan – he’s very helpful – however he’s on holiday for the next two weeks up North

“If You never never ask, you’ll never never know”

where in Melbourne exactly are you looking – any specific suburb or North, South, East or West. You do want to live in it don’t you or is it for investment purposes.

“If You never never ask, you’ll never never know”