ditto nsw

Oh, I was thinking trust so i could keep my income low over the next few years for other business purposes.

Thanks, Thats basically what i was after. ie, don't refinance my first place with the suggested pro pack! I will refinance with a seperate product but what is the best option for the new property? I have about 430k to contribute to buying the land then i will have to get finance for a) balance of the land (maybe 100k) and b) costs associated with…[Read more]

i need good accounting advice too. Also in the sutherland area so fill me in if you visit a good local accountant with vast property knowledge and EXPERIENCE. good luck

Thanks, I thought about that but can i do this without having all the different property's secured by the PPOR? Do i have a smaller mortgage on the PPOR and have the reaminding mortgage funded by the cash flow generated by a number of positively geeared property's ( i was thinking 1 high yielding mining town property with the rest geared in more…[Read more]

Yeah good points, 32 YO married no kids. If i base my risk on property as an asset in general, I think its fairly conseravtive (except if i was to throw all my eggs into the property basket) I was thinking to lay enough deposit onto each investment property that the positive cash flow (albeit reasonably small cash flow per property) will…[Read more]

Has someone here been 'had' on a course perhaps? Or have they not participated in one? I've done one and took heaps away from a very well designed course/mentoring program. i probably won't do one again for a while but its stupid to say only 'mugs' do them and you'll 'have your wallet emptied.'. its the same with everything you invest in… be…[Read more]

What would steven hawkings say?

What exactly could this mean for wizard borrowers? No decrease in rates? Calling in Loans?

ha, this is a cack. How the hell do we get from property investing to the Rebels MC reception desk? The world moves in mysterious ways!

What about no discount but a tentative guarantee of very slow, minimal future growth? Talk about a guarantee being only worth the paper its written on!

I have an old microwave if anyone would like it. Its been in the garage for a while now but am happy to give it away if its looked after. I also have a dishwasher that doesn't work so well anymore… Its name is jason

L.A Aussie wrote:

wealthyjvd wrote:
thanks, i just read something about a lady who had only 1 house at the age of 35 and now owns over 50, and shes nearly 40.how, with all teh debt… i wanted to know more about equity to fund these shortfalls.

She's probably bought a few blocks of cheap flats, and counts every flat as one…[Read more]

forget choosing a loan purely on a cheap rate. As per a previous post of mine, i'm stuck with a crappy loan with a good interest rate that is now costing me money. I jumped into a wizard shopfront and got the cheapest rate i could find. This was great at the time, but things change and the property this loan is attached to is now an IP. I have a…[Read more]

crj wrote:
I'm not a broker, but I assume like me you have ratebreaker.  You would need to consider the cost of altering the loan (mine says within 4 years) and whether a refinance would result in higher interest.

I was hoping someone would be aware of a way to do it without breaking prematurely. I can't see how it could benefit Wizard from…[Read more]

bloody hell, that was funny. I just read thos links. Very funny stuff. I hope people don't rely on others to do ALL their Homework, All their financing, ALL their tax, ALL their consulting etc. All you have to do is read enough info (this forum, also a good one i have found is the BANTACS website for tax tips) and then start harbouring advice from…[Read more]

geez. bit steep. How about a two eek trial? Gimme two weeks to check it out and i'm in if its worth it.

Does this have anything to do with the insurers who cover each banks loans. ie. GE might cover a % of the total amount of lenders in the market. As a result of using banks using the same insurer they may deem you more of a liabilty. I may be wrong but,this is something a broker inicated when considering neww finance. One of the brokers on here…[Read more]

Thanks for the input guys. Very helpful and i've done the draft so i can run it by my accountant. If he says it is ok, i will lodge it, otherwise i'll get him to do it. I've done enough fishing around for advice so if have haven't come up with something now i'll need to head back to school.Thank you all

I love the "told you so!" posts that are written a bit early… and i think your friend is telling fibs if there was no further information on the sale and yield of the property in cronulla in the original post. What street? Not happening. The only property i can think that would come close to those figures, she didn't check the strata minutes.…