Hi Lozza

I was working out their repayments on 8.99% P&I, but ours is on 6.99% interest only.

I’d just like to point your quote above. I seem to recall in one of Steve’s newsletter about doing a Wrap where the wrappee pays P&I, whilst you pay IO. Please correct me if I’m wrong, but I thought he mentioned that this may be illegal.

Or I may have…[Read more]

Taped the show, and just saw it tonight.
It was a great show and really showed Rick’s personal side.
Funny, the seminar Rick attended in Las Vegas, they were the same people that did a similar show in Sydney a few years back.
I also felt that these people were great story tellers, but like Rick said, had no substance.
I could not believe how…[Read more]

Hello Everybody,

Just a quick question for anyone.
My understanding regarding claiming tax deduction on property is linked to your Marginal Rate of Tax. ie you pay less tax than you would otherwise have done if you had no investment loans/cost.
If the property was held in a trust, then it would be looked at as a separate entity, does that mean…[Read more]

Hi Rickster,

I actually live in Mt Druitt. It’s true that the area can be quite rough, so was most of Blacktown, which Mt Druitt is a part of, but improvements are showing.
It used to be the place where all housing commissions used to be, not bagging the people in those houses, but if you think demographic’s important, there’s my 2…[Read more]