You might get 3 k once the loan Is approved but how do you now if you loan is being set up in the best way possible?
A 3 k saving noway cost you thousands in the future 

Hi

Firstly anything to do with a hot water system is an emergency. You employ an agent to work on you behalf  and that's what they did, honestly as well to get three quotes  to save a couple of bucks may may take a couple of days. Some times you need to do things ASAP.
try to sue or debate what will it achieve? It will cost you money, time and…[Read more]

Hi,
Being an ex real estate, I have seen a couple of agents act like this (lazy agents)
As the guys suggested "you should be ok"  but I have seen an agent take some one to court in a similar situation , but the agent lost the case…. Lol

I think the most important thin is each person has there own personal econmy, recessions have always been around. But there are always opportunities 

I oonly moved out into my first home three years ago , where very comfortable we love where we live , it's a 60 year old home with allot of character, we have almost ppaint off so no rush in moving 

Hi, some times selling at a loss is not a bad thing,  I'm not sure how this will work in your case but maybe speak I an accountant, sunshine coast is quiet, my wife and I used to go to the coast once a year but the last couple of years it has been quiet

Plan an exit strategy 

Hi the BIG O,
Firstly welcome and well done on your purchases.

With time being so short, I would recommend contacting the three brokers that JACM have mentioned they are all good, Sure face to face may make you feel comfortable but to be honest, you will get the right advice from these guys.

Sorry this might sound like a stupid question, Have…[Read more]

Great advice from Jac M, also because i think it's not a good time to buy in Melbourne it does not means its not good for you.
This forum is one of the best tools you can ever have to get some great advice from some very successful people .
Talk to Richard or Jamie for some advice on loan structures to suit your needs. Also well done on your…[Read more]

Interesting question:

1) Complete my CEO institute course
2) Reduce my PPOR loan from 90K  to 60K
3) Use the equity to buy another IP in OZ
4) JULY will be going to Chile to buy another IP
5) Enjoy life, holiday and reduce the DEBT of my business

I think the Australia economy is already in a recession, I think people who do not think this are delusional.

If you look at any global economies there has been ups and downs for the last hundred years, Where in a down period, Freckle has pointed out one thing though that is very interesting, The amount of people with HOUSE HOLD DEBT is…[Read more]

Hi All,
Thank you very much, I thought this might be the case as well, but it never hurts to get an opionion.

What is the government trying to do now? 
I heard something on the radio….

The melbourne market is very quiet , I went to two auctions in bundorra not  to far from diamond creek an there where only two other people. 

Then rental yields in Melbourne are pretty low and also there is not much  incentive, I believe the next couple of years will…[Read more]

This is a very interesting topic 

Like anything in life there are people who are negative and  positive, When someone is trying to give me advice either bad or good, I still listen and for one reason.
Use their experiences to benefit you:
People use one or two bad experiences and an excuse not to try and its easier for them to blame the whole w…[Read more]

Lol my grandpa gave me a lesson

Interesting topic,
I learnt to save from a young age thanks to my grandpa, I remember in 1993 (I was 8 Years old) my grandpa in Malta took me to clean a house, I remember being upset because I wanted to spend my time swimming, we end up cleaning 11 houses and what i had learnt was all 11 houses was his.
He was a brick layer, not educated and came…[Read more]

Thanks for all of your comments, Sounds like the perfect option, Invest the extra cash in the OFFSET….
We have one in CHILE already (paid off) our bank manager in CHILE has organised a finance for us all ready. We head down their in JUN 2013 to buy another IP.

My goal is to buy another one in Melbourne during the year,Maybe in Werribee not to…[Read more]

Just relised your staying with parents how about just pump your loan  with as much finds as possible and then you I've back in  you will be allot more comfortable 

Hi,
Maybe before you just rent out your home do the following (up to you)
1) maybe talk to a broker (Terry, Richard or Jamie) and see if changing or reviewing  your loan structure will help you, not just for now but for the future.
2) Try and see an accountant and see what you can claim while renting your home out and ensure its set up…[Read more]

Hi devil 

How much capital gains tax you will pay ,will depend On what price you bought the home for what price you sold the home and how many years you have had the ip 

Like the guys said its one account just offsetting another 
if the property drops and you use the equity  that means your overall net position is still less 

Add rates, management fees, accounting fees, insurance, repairs 
See if it is positive gear or negative 
call the local council for rates