Cheers Terry, I wish I had 100k cash, sadly not… I would be borrowing the 100k.

Thank you very much for the replies – I had feared my post would end up in the too hard basket.Thanks duckster for your detailed reply, it is the last 3 points (risk factors) that I am trying to get my head around. I am trying to turn the risk factors into figures so that I can make an educated decision and this being where my problem occurs.I…[Read more]

Phew thank you all for your comments and advice.I took that chill pill via way of a bottle of wine and went digging for more info. There were indeed many properties for sale in MM and many were much cheaper (albeit not renovated) interesting, I went to bed to think on it, when I woke… ouch my head hurts,but I no longer feel the need to buy the…[Read more]

Hi Richard, the home is in pattison st. I believe you were the registered owner a few years ago?

OMG RichardThis property was once your home…. hmmmmPerhaps PM me, maybe we can do a deal…. Is the current owner a contact… I think so

Hi James,Myself, I like to know the pros and cons of each option/investment choice.To often I hear all the talk about all the pros of a suggestion but I am left for myself to detemine the cons. Often this takes me many years.When you sell something you consiously or unconsiously omit the risk factors. I believe that a good educator puts all the…[Read more]

I too would consider the purchase of Carly Crutchfields home study course – DVD's and Workbook (I dont care if the workbook has been written in and completed). I do not wish to sign up for the 6k+ for many reasons located on this forum. I also would not be able to attend the bootcamp thus a big part of the cost of course I cannot use.If you have…[Read more]

Okay so we know there is likely to be some trouble ahead, we are told the waters are going to get deep but we dont know how deep. My question is… How do we use this knowledge to our advantage? and as the previous poster sentiments what happens when a country goes broke? I know this talk is all a bit extreme and I dont believe the sky will fal…[Read more]

Thanks for the link JJ7.. but I think in that situation they are selling a lease, the use of the land rather than ownership of the land. and yes I am fussy, like everyone else I want the dream block for next to nothing.They tell me if I work hard enough and focus positively enough……..

Me Too!The deposit issue hadn't occured to me though. I may have to do my homework on how this works for QLD. If I have to have a 50% deposit .. It's going to  be a long wait.

Regarding the above suggestion re:considering getting out of the contract (I wont comment whether this is a good idea or not as I am not familiar with your product or GC market conditions).However I believe that most of the plan products have to be delivered within 3.5 years. There will be a sunset clause (I think) in your purchase documentation…[Read more]

Thanks Philip,Look out I am on yoursite now, digging for gems!

Is the UCV supposed to be equal to the value in which the property could be sold for?

Thanks Scott, can you please advise what you mean by 'values support'?

Okay Philip, I am intrigued.Am yet to review the website in detail but thought I would look for the 12 free goals book on your website as I note you want everyone to read it… but I cant find it.Am I blind for looking

Hello,I too am trying to get my head around this concept. I have a PPOR valued at $420,000 and I currently owe $293k. I was paying principle and interest however having read this forum I now have IO and an offset. I had also been saving (in my offset, for a deposit for first investment property, so far only $7k but getting there – the change from…[Read more]

owe cheers

Hi Terry, If Figc places the funds obtained in equity into an offsett on that home, and does not utilise the other loan until required, do this avoid your concerns?(sorry Figc to interupt your thread – I trying to learn)

I'm no expert, just learning – but it does sound like there is some risk involved, only you can determine how great the risk is for the reward.My understanding is that if you sucessfully bid at auction you will be required to pay a 10% deposit on the spot and sign documentation (do you have these funds)Secondly as the contract will be non…[Read more]

Benjamin Csikos wrote:
Hey Wyeth,Sounds like you're off to a good start with your deposit.  You might also be interested to know that if you have any super sitting there, you can use it as a deposit to invest in property, and avoid paying capital gains tax.Also, if you're looking for a cashflow positive house,  I have contacts that can get you o…[Read more]