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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    August 17, 2005 - 12:19 am

    Hello,

    One advise would be to stay positive.
    If you say you could do it, then you think of solutions or ways you could achieve your goals.

    If you are negative or you never think you are going to reach your goals, your brain does not even bother – it just gives up.

    JP

    Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    August 2, 2005 - 3:46 am

    Hello lamo0011,

    Before letting the vendor rent back you could have gotten the real estate agent to hold some money back from your settlement – for situations like this, where the vendor that is renting back trashes the place. Pretty much like a bond. Maybe it could have covered the extra damage you had to fix up.

    I have done this with my first property – and manage to hold back $1000.

    Regards,
    JP

    Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    July 27, 2005 - 11:11 am

    Thanks TMA and TerryW.

    I will take both of you advises and talk to an accountant.

    Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    July 26, 2005 - 8:48 am

    Hello TerryW and TMA,

    If the property was acquired as PPOR and later turned into an IP, can the LMI still be claimed?

    Thanks in advance.

    JP

    Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    July 19, 2005 - 10:36 pm
    sorry for the newbie question, but what is a PPOR?

    PPOR – Principle Place Of Residence

    Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    June 26, 2005 - 1:07 pm

    Hello,

    1. Me and my partner are around 25 years old
    2. Hopefully by 45
    3. Around 50

    Re,
    Jp

    Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    June 24, 2005 - 3:53 am

    Thanks for the info MM

    I have been reading this forum for a couple of months now – its really good for getting help, especially with you guys posting here.

    Profile photo of jaypeejaypee
    Member
    @jaypee
    Join Date: 2005
    Post Count: 8
    June 23, 2005 - 7:21 am

    Hello Mobile Mortgage and Oshen,

    So do most investors set up their loans as IO (indefinitely) with an offset account attached to it?

    Thanks in advance.

    JP

Viewing 8 posts - 1 through 8 (of 8 total)