All good, my pleasure mate.

Really depends exactly what you would like to do, for instance I was in a very similar boat as you by the sounds, I went from mining to transitioning into the business/property sector.

I mean there are people doing developments with little studying but they have built themselves to that spot or had a helping hand.

I…[Read more]

SWS did you read Nathan’s second comment, its CF+ 2200PA..Now this may be a lie and seems like it could be, or he has a magical accountant (which could be very true)

but depending on your point in your financial strategy this is a great pick up. Yes there are many reasons I personally would not buy it in the next 5 years, but for someone at that…[Read more]

Never Heard of them,

in regards to the mathematics side of it.
Well if its 3% stacked against lets say 4% thats 1% so lets say thats 1000 a year in savings over having an offset, so then the question is how much would the offset, offset haha.

So say you had 20,000 in offset for a year that only saves you 800, so having the lower rate beats it…[Read more]

Ok well maybe I am wrong, I just wonder if there is grounds for them to recoup payments or if this is a legal loophole, I mean the fact they charge more for investment because they can isn’t fair or ethical in my books, but if there is a clause in a contract that puts you at risk for reimbursement from the lendee than I would not risk it…[Read more]

Sounds like your learning as you go! which is all we can do, I also wonder MTR what money are you loosing on each sale verse say holding for its equity and rental yeild? have you done this breakdown because I just don’t see myself selling off unless using the equity to replicate was not possible.

Love to hear your thoughts

No idea, maybe not, I mean a few of the people on this thread have gone on to fly pass needing or getting fulfilment from this site, but I hope I get replies as they are very versed in success through RE

Hey David,

I am friends with Jonathan the owner of
spfinancial.com.au

(based in brisbane and good at what they do)

they set up one of my mates SMSF for him, organised each detail etc.

love to hear how it goes regardless

Kind regards

Jaxon Avery

Good Read,

Firstly Jack/freckle I think the one thing I have to ask is, what is your goal with this conversation? I mean if you feel you’ve one the argument, you have likely lost getting your point across, but in this case Engelo seems very very reasonable. you show little regard for others opinions and seem a little emotional in responses…[Read more]

Nice work MTR, Good to hear another way someone is adding value and seizing and creating deals and value.

Kind regards

Jaxon Avery

Well its simple.

If the loan is structured as a owner occupied loan and that’s not your current and legal address they have something to argue in court.

Propertyboy your bringing up a legal issue, better off asking or speaking to a lawyer for exact information and even then it really comes down to the recent court case and what the past has to…[Read more]

Corey out of curiosity what your debt to ownership ratio then?> LVR against your properties

Still would love to hear a reply to the above,

Kind regards

Jaxon Avery

In regards to fully answering your question

how to get that goal!?

-Positive geared properties
-AIRBNB properties
-Adding value (repaint reno etc)
-Sub division
-adding granny flat
-Room letting
– revaluation on property
– buying under market value
– Smart insurance structure so if it goes south you are more than covered to build above the…[Read more]

Ok David,

Well I think that is very possible and realistic (not to say a bigger goal wouldnt be)

The problem I think many people run into with similar goals to you, myself included, is lack of instant equity building, buying below market value isnt enough to then within 3 months revalue and have instant equity to reuse (generally) unless your…[Read more]

Well I found a few deals west brisbane (logan includ) that are all 8.5% ROI or higher, plus a few deals that had great options for sub or add/ons or rebuild that likely would be far more lucrative.

Logan has had some steal prices go through

and albury has as well, both positive cash and very likely growth over the next 5 years.

David I dont want to overstep the question but what is the end goal in relation to this approach and how do you see it playing out?

YES 100% if you break the rules of the contract you would very likely not be covered by the insurer.

In regards to renting it out as your PPOR, I suggest doing the right and ethical thing and telling them, loose ends bite your harder than they are worth.

Hey Steve, I live at burleigh and am going through that atm with a buddy for his block.

I understand the gc town planning rules and scope and would be happy to have chat and maybe sit down if it seemed like the way to go.

in regards to area etc there are a stack of options depending on exactly what your budget and plan is, but I understand and…[Read more]