Thanks for the replies, seems like a asking a few fake questions from a web email address is worth it. Also I have been caught out by “Fake counter offers”. I noticed some properties that I offered on that had been on the market for 6 months or more suddenly got higher offers (according to the agent) just at the same time as I made my offer. Where…[Read more]

Thanks for the replies, seems like a asking a few fake questions from a web email address is worth it. Also I have been caught out by “Fake counter offers”. I noticed some properties that I offered on that had been on the market for 6 months or more suddenly got higher offers (according to the agent) just as the same time as I made my offer. Where…[Read more]

Thanks for the replies. Just got another Vendor’s Statement on a different property with the details crossed out. The last one I asked the agent for the original and haven’t heard back – that was three weeks ago. Seems foolish to doctor the vendor’s statement like this. I know they are wildly off valuations, but there is cause for concern. My…[Read more]

Hi the New Guy. I have read books about people who live off the equity increase from their ip portfolio. But with the new lending rules it would seem very hard to get refinanced if you don’t have any job income? With some lenders not taking all or even any rental income into account now it seems like a hard task to live off equity unless you have…[Read more]

I think what you look for depends on your earnt income.

As a school teacher I have to look for a positively geared property, a negative one would hurt a lot.
Also I really think the Dsr scores are an interesting development. In addition I think you can have positive cashflow and good capital growth. Too many people think you have to choose, but…[Read more]

I think what you look for depends on your earnt income.

As a school teacher I have to look for a positively geared property, a negative one would hurt a lot.
Also I really think the Dsr scores are an interesting development. In addition I think you can have positive cashflow and good capital growth. Too many people think you have to choose, but…[Read more]

Government revenue from stamp duty will fall in they take away negative gearing. Less property changing hands will mean much less stamp duty pouring into the government.

Thanks for the replies. I was reading a book by Dolf de Roos and he was saying as a real estate professional you can claim 100% of expenses against your income if you were considered as having a business rather than just your marginal tax rate. He is a New Zealander but seems to be speaking more about the US market in this book (Real Estate Insider).

NAB do this too; the loan statement will say something like ****Interest rate from Jan 1st will rise to 4.45%**** and that is the only notice you get. Agreed it is very unfair.

NAB do this too; the state will say something like ****Interest rate from Jan 1st will rise to 4.45%**** and that is the only notice you get. Agreed it is very unfair.

Thanks for the replies. Another reason why this strategy would be good for me is that I often do a few years of contract work then have a few months break between new contracts. Having little time to look whilst I’m working means those few month off are a great time to find new investments, but by being between contracts I would have to use my…[Read more]

Hi there, thanks for replies. Well just spoke to loans.com.au and they said they would not mortgage a property that had been bought outright unless it was within 3 months of purchase due to their “responsible lending criteria”. So I wonder what lenders would look at it?