If you refinanced $200,000 and wrote covered calls on blue chip shares, you would be looking at about $4,000 to $8000 per month return. And if you used margin you can double that.[]

We are currently looking at selling our ppor, and know that due to it’s being in a top location, and being a ‘wow factor’ type house, that it won’t take long to go. Our only problem is that we have one poodle and 2 quiet cats – so finding a rental is proving difficult.
Don’t know if I’m allowed to ask on the forum, but if anyone has a top quality…[Read more]

I would say the owner is very clever – he has probably got 100% sales to existing tenants, if he does the right thing.[^] He can wrap them all, for an immediate return!

Don’t know who said it, other than Germaine Greer, but I like it.
“discontent is a great motivator”

talk about turning a neg into a pos!!!!!!![]

Sounds to me like she could afford to buy this place with a normal loan. Call a broker – she might be surprised.[8D]

As a buyer’s agent, I have a reasonable fee structure. I charge $400 for the first $200k purchase price and $200 per $100k after that. You do need to be registered for gst.
Most buyer’s agents work for the real estate agents, and promote much more closely their own properties. They don’t charge the purchaser anything, but instead work on a basis…[Read more]

Your accountant is correct, viralk.
Super rules say that property cannot have a mortgage against it.
Maybe you can put your ppor and new investment together, and your old ip can be transferred at market rates to your super fund unencumbered?
I think you are short a couple of hundred thousand for this scenario[xx(], but talk to your accountant…[Read more]

You need to get advice – find a good accountant – ask on this site for one close to you.
You should also get a good mortgage broker, and get the debt from your ppor, onto your ip – simply because as a self employed person, that interest is tax deductible – but not the interest on your ppor.

ME – I PREFER TO WRITE & READ IN UPPER CASE

BUT FOR THOSE WHO DON’T….

what’s big & hairy and sticks out the top of your pyjamas????
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your head
(this one courtesy of rick from the young one’s)

You have a lot more to consider.
Firstly, have they any deposit or fhog’s to come off the pricipal?
But, mainly, you have only calculated this as an interest only loan, therefore your wrapee owns nothing after 30 years!
May need to read the book, and find some software capable of adjusting interest figures for early payouts.
More homework needed[]

Maybe it’s time to wrap one of those properties to give yourself something in kitty.

What we need is quite simple. On the topic page, a column for ticking – 2 boxes – one for ‘interested’, another for ‘contributed’ – this would save a lot of hopping.

Sometimes the neighbours comments do have to be taken with a grain of salt. When selling an IP this year, neighbour called out to say it was overpriced, and even rang me to say that her property would be worth more – well it would have been if it wasn’t such a mess – it was bigger that’s all. I did get my price, no quibbles and the purchaser got a…[Read more]

Rainmaker, Hi, and welcome.
This is a great earner, so why don’t you try to bag it? Maybe even get a joint venture?
I’m sure you could get this deal by yourself, you have excellent equity, plus a great deal of cash.
Are you afraid of big deals? You have the means to be independant – go for it[]

Hi, and good luck.
A lot of this info is on the real estate sites – realestate.com etc, but a great site is the qld govt statistics site – just do a google search and follow your nose. There you will find demographics stats, and future proposals, as well as any approved developments.
Are you from that area?
A trip is worth the effort and money for…[Read more]

Gus, do I understand from your post, that your passive income is not from property?
I have achieved a good income, financed by property, but bigger income from shares (writing covered call options).
Still, my love is real estate, and the shares will give me a great income to buy more properties.
[]

Reply to Richmond
No it wasn’t Frank Brady – he was one agent that said ‘ring when u get here’ and ‘we haven’t really got anything left’, and since I was driving 8 hours, I wasn’t about to give time to someone who couldn’t even set an appointment!!

Have just returned from Rocky on Fri. Spent a week there, and found a huge difference in quality. Some agents were obviously trying to rip me off – showing places for $79k that were worth $40k as a throw away offer. But, amongst them I found great homes, with good returns, with ABSOLUTELY nothing wrong with them, beautifully cared for, some with…[Read more]

Hey, r u really that Damir Dokic?

Hi, Magnum.
It sounds like you didn’t do your research properly. Don’t be in such a hurry – there are ALWAYS good deals.
Do some research so that your wife feels just as confident as you. Ask her opinions and include her in research – she can be your best supporter.
Good hunting.[8D]