Hi,

Redrawing will mix deductible and non deductible debt. To avoid this you can setup an interest only loan on the PPOR for 20% of the purchase.

There are many factors in regards to income. If it is negatively geared, yes it will reduce your husbands income. If you were to do small renos you may be able to increase rent ( plus rent increases…[Read more]

Hi,

Give Harcourts in Maylands a call. They have a pretty good reputation.

Regards

Gibbo

Hi,If you do go the full time property manager, I also support Kristin's recommendation of Harcourt's.  The manage a couple of apartments in my complex and they have worked well with the strata to remove difficult tenants.RegardsGibbo

I think Jamie's first comment in this thread sums up a few people's views on the current broker…run from him

Hi PF,Yes, by reducing your P/I loan and the investment loans staying as IO this will help improve your cash flow.The subsquent purchases can have the deposits funded by equity in both your PPOR and IP's.  RegardsGibbo

One of the biggest problems is having a vendor selling a property that accepts credit cards. If I go to hungry jacks and buy a whooper with my credit card it’s a purchase, but if they didn’t offer eftpos and I had to take money from the ATM to buy my food, then I would be paying the higher interest rate.

Hi,

My suggestion is to spend a bit of time reading through the forums, property magazines and books. By just meeting up with one broker you will only get one view. Having done some research prior you will have a better idea of what you are comfortable with and can ask more questions of the broker.

If you want to PM me your email address I can…[Read more]

Hi

Would also be good to provide some information on strata companies. It amazes me how many people who own apartments who have no idea what stratas do and the owners responsibilities for the tenants regarding a strata scheme

Regards

Gibbo

Hi,

You could always have a chat with a REA, if they know the property is coming up they can mention it to clients. When it comes time to list they may already have a list of a few people interested in buying.

Regards

Gibbo

sorry my crystal ball is broken this evening

Hi,

It’s very hard to provide any advice with that amount of information. Is it a PPOR or IP, what are you wanting to achieve?

Regards

Gibbo

Hi David,

Are you still in contact with the previous broker you worked for? You could look at getting them to mentor you and using their aggregator.

Regards

Gibbo

Landscaping can also help increase rental return. With this though you want very low maintenance, low water consumption gardens

Hi,

Another option is an online program such as http://www.paysonline.com.au/ There are a number of similar sites around.

Regards

Every time you make an application for credit – whether a home loan or a store credit card – there is an entry onto your credit file. Part of the paperwork you sign allows the bank access to your file and for them to report to the credit agency

There are many issues involved in employing someone. Even the simple thing of super shows how easy it is to get bad advice. If you failed to pay the super you would be having a few issues with the tax office. As Terry started to touch on – Work Safe or the name of it in your state. Work place safety is big and complicated, if not done…[Read more]

Hi and welcome to the forum

Unfortunately for yourself but lending conditions have changed. I actually think banks are becoming more responsible in lending. Yes you only want $300K on a property you believe is worth $3 million. The bank is not only focused on the value of your asset but also the your abilitiy to repay. As a large percentage of…[Read more]

Hi all,

I’m another thinking of taking the plunge with the US market. I have been thinking of traveling to the states for awhile. Now with the USD and my thoughts of purchasing property there, now may be the best time to do it. I will follow this thread closely. Sounds like there are quite a few Aussies out there with some good contacts.

Hi Cindy & Brian,Do you have a specific risk of being sued, ie the profession you work in has a high risk of litigation?  If its this side of things that you are worried about then it may be worth seeking legal advice to setup your legal structure for work ie all work related deals go through a company.  Also having the appropriate insurance in p…[Read more]

Michael,Your still so focused just on one area of this analysis.  It took numerous posts for other members to highlight the effect of time/inflation.You are saying that if a broker rebates these fees they are more generous then Alistair.  NOPE WRONG.  Rebating these fees isn't done to give them a nice warm fuzzy feeling at night it is their SA…[Read more]