WOW…you’ve gone from $1M to $5M to $14M in 2-3 posts….at that rate, I would hand on to it too![biggrin]

Yes Jason, we know it’s going to happen. We actually bought it from a developer who went bust. It’s right beside the township. The surrounding development is all 1 acre down to quarter acre lots, and our property is unique and has…[Read more]

ok…so to clarify…

She is paying $250/wk or $500/f.n. on a wage of $800.f.n. If she rented, she would be paying $210 per week ($40 less than mortgage repayments). And getting $220/wk rent – to which she would need to contribute $30/wk to cover repayments.

So if she stays puts, her outlay is $250/wk and she is a home-owner OR she can rent &…[Read more]

Brahms,

I thought freedom5 was saying the friend was paying $250/f.n., which is less than required for the min. repayment, hence she is struggling to pay the mortgage. Not that the min. repayments were $250/f.n.

Is this correct freedom5?

Redhaven,

If the PPOR is actually worth $1M or more, another option might be to sell it and take proift of approx.$522K ($1,000,000-$240K-$238K = $522K). You could get a nice new PPOR in Redcliffe that you own outright and redraw on it + whatever cash you have left toward IPs.

The farm will eventually be approved for development, which will set…[Read more]

Teviot Downs is out near North Maclean. It’s about 45mins from Brisbane. I found a website below of people doing a development there. It has a map & tells you features of the commuity, eg, shops, schools, etc. Acerage seems to start from $155,000 with average of $179,000.

http://www.teviotdowns.com.au/default.htm

I had a friend who bought about…[Read more]

It’s actually difficult to discuss this without further info, eg., how old are each of the children?

But, if I were in her situation, I would consider both financial and lifestyle issues.

Financial:
From the $800/f.n (in the hand), I’m assuming she is in the 30% tax bracket (with gross approx. $30K-$35K p.a).

I’m assuming repayments on $150K (@…[Read more]

I just bought an IP for 200K with a rental appraisal done at 300 PW.

Salespeople are great at offering blue sky rental appraisals. Do you know if you can actually rent for $300/wk?

Why would residential IP owners need workers compensation insurance? Sounds like BS to me.

Hi Turnby,

In SE Queensland you could try the following:
– Beenleigh
– Inala
– Goodna
– Ipswich
– Logan (generally)
– Teviot Downs (in Beausdesert shire)

Or if you want to get an ok return with no risk, just put your moey in Easy Street Financial Services online account. They pay 5.65%p.a. paid monthly. No fees. Money at call when you want…[Read more]

Hi Turnby,

In SE Queensland you could try the following:
– Beenleigh
– Inala
– Goodna
– Ipswich
– Logan (generally)
– Teviot Downs (in Beausdesert shire)

Or if you want to get an ok return with no risk, just put your moey in Easy Street Financial Services online account. They pay 5.65%p.a. paid monthly. No fees. Money at call when you want…[Read more]

If you ask fund managers, the smart ones will tell you that from a valuation point of view, it makes SFA difference if oil is $45/barrel or $50/barrel. it just seems over $50/barrel has a psychological effect at the moment…

Also, high oil prices could be used to support a case for lower interest rates…so it’s not all bad news.[shocked]

Nat R… full story below…

Some loans are just pie in the sky
Author: Noel Whittaker
Date: 24/02/2005
Words: 700
Source: NCH Publication: Newcastle Herald
Section: Business
Page: 53

NOTHING gets the adrenaline going more than the thought of money being given away, and judging by the talk in the internet chat rooms, the offer of…[Read more]

yeah right…how do you get out of debt when you have stuff all cash flow?….accumulate more debt..???? [blink]I don’t think so!

I’m with you Dazzling…

Kerri-67…You just write to the author, editor, or publisher (whichever applies at the time) & ask them to clarify. In my experience, the ones who are professional will take the time to respond to your inquiry.[rolleyes]

Given your situation at the moment, you should be happy to be able to hold onto what you have got, rather thinking about further growth. Take some time to consolidate now & there will always be other opportunities later.

Best of luck.[biggrin]

I’m hearin’ ya, eeshole…

At the seminar there was nothing groundbreaking, just very general strategy to buy off the plan on long settlement with deposit bond, then revalue just before settlement, borrow 80% of valuation (which hopefully given capital growth in the past year or so should be enough to borrow the entire original purchase price),…[Read more]

http://www.whichproperty.com.au/Article/profile.asp?DocumentID=145&MenuID=217&RefMenuID=164&Category=

Love the “how do we get paid” page in this link…classic…[evilgrin]

eeshole,

Some of the properties I have come across are being sold by the vendor on sites like so they are easy.

Otherwise, I try to arrange to inspect the property at a time when it is most likely the vendors will be home. As you say, a lot of agents will try to control the process & want you to inspect on weekends, when they can ask the…[Read more]

With the last 3 properties I have looked at, I have started by asking the vendor.

I’m constantly surprised by what vendors will disclose to you – e.g., how long the property has been on the market (even when this is 6 mo. or more), why they are selling, even what the lowest offer they will accept is!!!

Failing that, i try to focus on a…[Read more]

Hi Michelle,

I am involved a partnership, similar to what you are descibing & it is an excellent arrangement that has provided an opportunity for both parties to purchase an assest that neither could have afforded alone.

We have some written agreements between us that our solicitors are happy with and we have changed our wills to protect the…[Read more]