The plan for this year…….

1. Irrigate our last IP(5acres) to increase equity hopefully in the realm of 160k.
2. Start shopping around September for IP 3, four* and 5, with LVR less than 80%
3. Be eventing at 80cm on my new horse by the end of the year
Four. Lose 3-5kg for good AND
5. Go on a proper holiday!

6. * Get number four on…[Read more]

Because you are double clicking them. You can delete one.

In answer to your post, I believe the beauty of becoming wealthy and not needing to work allows you to help others, whether it be by volunteering for various charities or sharing your experience and wisdom, in this case helping people create their own wealth.
I respect your opinion in…[Read more]

I was only a whipper snapper back then so what’s RTC?

There was an article in todays west australian that they have conclusive proof that temperatures are rising. They even have data from sea temps, arctic ice levels and atmospheric temps.
So who still wants to keep they’re head in the sand? At least Labor are trying to do something about it, albeit the most awkward, disorganised and expensive way possible!

How would you suggest someone wanting to become a broker get started? Obviously the Cert IV, but then where?
Who do think would be the most suitable mentor, and what other courses could one do to learn more about legal and accounting issues?
Would a uni degree in finance make one more equipped to offer advice in mortgage broking, or simply time in…[Read more]

Morangup, 63km east of Perth in the glorious hills!

The Property Puzzle: covers some complex issues re tax, trusts, finance etc
Micheal Yardney’s books cover the basics pro capital gains in inner cities
Margaret lomas’ books are easy reading pro positive cash flow properties
Start with these but any book on property investing is worth it, and don’t forget you can get them from the library for…[Read more]

Thanks for that ! *Running out door to check loan contracts!*

Terry can you please clarify this for me.
I was under the impression that using funds from an LOC for another property doesn’t mean they are crossed.
Crossed is when you use some of the equity to bump up LVR on new property.
Is this correct?

Just out of interest, how do you become a mortgage broker? And Richard where would the 5 years in the industry be involved?
Is there a uni degree or tafe course on offer?

Matt… you’re a gem….
James, you have time on your side so I would start by educating yourself,….and you don’t have to pay $$$! A library card and a subscription to Oz Prop Investor mag is a great start, and learn from those who went before you! If you don’t know anyone personally(as I didn’t), networking groups is the way to find them(as…[Read more]

We really need an AGREE button next to Mr Angry face don’t we?

Or if you can spare the cash, get both to do one then you can pick the higher value.

High rental yield is not a bad thing, but it is usually only possible in areas where capital growth is not so good. If you have found a place with HRY and good capital growth, well done!
The reason people use interest only loans is to free up cash flow. As you get into IP 2 and 3, cashflow will tighten so every little bit counts! Also principle…[Read more]

nitrodrops wrote:

heathers wrote:
http://www.excelproperty.com.au 330 for depreciation schedule, visited the property. Excellent, prompt and professional service!

Tax Depreciation Schedules from dfg$330      Building Handover Inspections from   fgd$325      Combine both for $650 Based on the website, it mentions $330 for Tax Depreciati…[Read more]

I think some first home buyers are experiencing mortgage stress as interest rates have gone up, so a great time to enter the bottom end of the market. And because there is so much available vendors are a bit desperate. I looked at a property a few weeks ago and flippantly told the RE agent it was over priced and it was advertised 21k cheaper…[Read more]

Personally, and I’m no expert or even close, I believe the super profits tax kerfuffle has affected the real estate and business markets. Confidence has plummeted as we all know WA is hugely influenced by the resources industry. Twiggy’s tantrum will pay off though, as it will lead to negotiations for a win/win situation. I work in the mining…[Read more]

Banker wrote:
Terry is right that there are downsides to cross collateralisation. There are benefits though – albiet most people here don’t agree with me.

Forgeting about cc and focusing on the split banking issue.

A bit contentious coming from a banker.

I’ve heard the term “free and floating charge” , does that relate here? I’d…[Read more]

Ebay is a fantastic place to buy second hand property investment books and courses at a fraction of their cost!

Another reason we want to buy in Sydney or Melbourne is so the tax man will buy us a trip there each year! (We’re in Perth).
Does anyone else have any advice?
Thanks : )