Total Members: 159,074

jennym

  • jennym replied to the topic Using LOC to pay shortfall in the forum Finance 17 years, 2 months ago

    I said we've had no debt for 30+ years, should have been 10+ years as we have owned our PPOR for about 10 or so years and not used the extra income on anything other than living expenses. Mind you, our repayments were only about $96 per month back then :-) We are on average incomes, ie $55K combined, enough to get us by for now even if we put a…[Read more]

  • jennym replied to the topic Using LOC to pay shortfall in the forum Finance 17 years, 2 months ago

    That was another issue that we hadn't decided on, whether to do a tax variation to increase the cash flow now, or claim it in one hit at the end of the year and put it back into the LOC for future draw downs. Guess it's six of one, half a dozen of the other whichever way we decide to go. I was looking at what would be the best, to use our own cash…[Read more]

  • jennym replied to the topic Using LOC to pay shortfall in the forum Finance 17 years, 2 months ago

    Hi Terry, I understood that this was the way of many investors who are perhaps cash flow restricted, and I'm not sure what you mean by interest on interest?Jenny

  • jennym replied to the topic How to start in the forum Help Needed! 17 years, 2 months ago

    Hi Nina, it's never too late and as you are only in your 40s you have plenty of time. We are way past that, my husband is 60, I'm 52 and we only started investing in IPs last year. Bought our first one 12 months ago and have just settled on our 2nd on Friday this time sharing with our eldest daughter.Admittedly we did have our own PPOR, but never…[Read more]

  • jennym replied to the topic First Steps to owning an IP in the forum Finance 19 years, 2 months ago

    Thanks Mikala, Simon and Maria for your very important comments. I can see we still have some homework to do and namely getting a valuation on our own home to find out exactly what equity we have.

    We only have a couple of brokers in our city so I will endeavour to suss them both out. I believe we don’t have to go with a local broker either and as…[Read more]

jennym

Step 1 - 0% Complete

Fill Out Your Member Profile Below

Fill in the required fields below to complete your registration.

Registration not only grants you full access to this website, but will also enable us to send you our newsletter, latest investor tips, strategies and information about events/products relevant to investors. You can opt out at any time.

Used to log in to the website and for targeting with messages. Alphanumeric characters only. No spaces allowed..

Member Login
Lost your password?
×
159,074

Register Free To Unlock Unrestricted Access To PropertyInvesting.com

×
1-Day Millionaire Mastermind Workshop - Only LIVE Training in 2019!