Jpcashflow wrote:
Mate I only sleep 5 to 6 hours a night, that's all I need 

Same – but I'd like more……my 11 months old doesn't think I need it though.

Cheers

Jamie

madbray wrote:
Hi
Thanks for the quick responses.

The strategy that I have been taught, through my parents & their accountant, is based on negative gearing & tax minimization. I have implemented this strategy myself and as mentioned in previous post I do have investment homes.

Hi Madbray

Best to get in touch with one of the guys above.…[Read more]

It's not an easy thing to do.

One way to do it (and it won't apply to everyone) is for a couple to have one person renovating, etc whilst the other still hold down a job.

Providing the job provides enough for servicing purposes – you might be able to get away with having one partner focus on the portfolio whilst the other slaves away at a desk …[Read more]

As others have said – it's not normally an issue providing everything can be explained and everything else stacks up (servicing, funds to complete, employment history, etc).

It may have an impact on credit scoring – especially at higher LVRs.

Cheers

Jamie

Hi Madbray

Welcome aboard.

What is it exactly that you're after?

Places like this forum are great for getting updated info and asking questions – and it won't cost you a cent.

Cheers

Jamie

I know Peter Tersteeg from Sage Lending is Nunawading is good.

I'll leave it to others to recommend more.

Cheers

Jamie

The Newbie Investor wrote:
Nice Jamie thank you, So for example if I already had a PPOR with principle & interest repayments and than decided to purchase IP with interest only am I disadvantaged in tax??

Nope – not necessarily.

You're only disadvantaged if you decide to rent the PPOR at some point – because you would have paid down a chunk…[Read more]

Hiya Derek

If you're comfortable with using email/phone then you can choose a broker anywhere in the country – so you'll have plenty of options.

If you'd prefer face to face – then mention where you're located and you'll hopefully get some responses.

Cheers

Jamie

Hi newbie

Yep – that's kind of right. What you've mentioned is a buy and hold strategy which boring investors like myself love.

The idea is to purchase a property that's intended to go up in value (capital gain) over time – and then sell it off for a profit in the future.

If you can find a property that provides long term capital growth – and…[Read more]

Hi Derek

Personally – I don't see an issue with LMI. Younger investors can use it to buy more with less.

Here's an article I wrote explaining how LMI can be leveraged.

Cheers

Jamie

Hi Derek

Welcome aboard.

In terms of the minimum required funds – you need at least a 5% deposit and enough to cover costs such as stamp duty, legal fees, etc. All up, I'd allow another 5% for costs.

Some states have concessions for FHB's such as the first home owners grant and/or concessional stamp duty which can help lower the…[Read more]

Hiya

I'd do both – some renos on the PPOR as well as saving as much as possible into the offset. I'd stick with affordable, cosmetic renos to add value and if you're handy – do it all yourself. 

A second bathroom will cost a fair bit – you'll need to be reasonably confident it will add a fair bit of value.

Are there similar 2 bedroom/ 2…[Read more]

Agree with Mick – if you can avoid using cash and use borrowed funds instead, you'd be better off.

Talk with a pro and suss out your options in terms of finance structure.

Cheers

Jamie

I must admit – I'm a boring old buy and hold type of guy with a preference towards higher CG properties in desirable areas.

Cheers

Jamie

Hiya

what are your longer term plans with property?

Will the $200 a week put an early halt to your ability to purchase more?

Cheers

Jamie

Hi Matt

Yep – plenty of my clients are down in Melb – Joe is one of them.

If you're comfortable dealing via phone/email then feel free to get in touch.

Cheers

Jamie

No worries at all Jesse

Stick around and keep asking questions. We're a friendly bunch.

Cheers

Jamie

No probs – I found their Facebook page if it helps https://www.facebook.com/events/135736236567359/?ref=ts

Cheers

Jamie

Hiya 

you need a quantity surveyor to arrange the depreciation report.

Cheers

Jamie

If you need face to face you could try Peter Tersteeg from sage lending.

You can also seek feedback here. What are you aiming to do and what advice has been given so far?

Cheers

Jamie