Why should anyone tell you where the +CF properties are. Its hard work. Do your own searching.[baaa]

Thanks all so much for your advice.
I really don’t understand mortgage brokers or their role, so of course I went straight to the ‘which bank’.

Greg I will follow your advice and get an option in writing from another bank and see how I go. Barring that going well then I will try a broker.

And do you know they had the nerve to tell me I can’t…[Read more]

Thanks for your advice Mark

Cheers
Jules

Won’t it be the interest on the $20K additional loan amount and not $20K that is deductible if used on purchasing an IP???

Jules

Mark
I want to get the FHOG and Live in the property for 12 months as a PPOR (1). I then want to move to a new PPOR (2). So if PPOR1 then becomes my Investment property after I move out, the current market price when I move out will become the base price for the Investment Property and when I sell it that base price will be used for CGT…[Read more]

HI Techhowse & Brendan
I cannot help but put my two penneth worth in here. I have to let you know how crucial it is that you make the right decision here.

I left school at 16 and have been working every since (a few decades). I did my VCE, Uni Degree, & Post Graduate diploma all PART TIME, while I was working FULL TIME and getting promotions…[Read more]

Thanks Terryw

I thought there would be more of a problem than that to the situation. On radio shows about property or tax I have always heard that the solution to this is ‘ not to do it’. The advice is always. Stay in the home and buy a separate IP, or sell the home and buy a new home and a new IP, but never turn your home from PPOR into an IP.…[Read more]

Thanks for your responses everyone. JHopper I am not sure what was meant by the RE Agent, but all he said was the problem had been fixed. So I assumed the termites had been dealt with, but never thought to ask if they found and destroyed a nest or if there had been any damage to the house that needed fixing. So I am glad you mentioned that.…[Read more]

Hi
Yes I am in the same sad position as your good self. Everyone telling me constantly I must be mad to go into property. I have read all I can get my hands on and have been preparing for this for some years really (when i think about the time that I have been reading investment books). But damn it, I am now impervious to any negatives that…[Read more]

Great idea. Wish I was in your neck of the woods. Good luch with it and hope it is a success.
Jules[biggrin]

Thanks for your help

Jules

Who should I ask for at the Council when I contact them – a Planning Officer?? Sorry for the lame question but I am new to this

thanks

Jules

Hi Eliteviews
Yes the reno would be what I would call major, however I know that the work can be done at a reduced price and I know that the area is a good area and will bring a good sale price when I want to sell. I will sell within 12 months so as to turn the profit over.
Jules[biggrin]

Hi Nordicskier
The house is about 45 years old and I intend to add a room or 2 and fix up the internal completely. I may pull one wall down and put another one up. So major reno job but I think the job is worth it if I can get the property at the right price.

Also what is a DA??

Hi Dan
Yes I got onto this one quite a while back. I really liked the hassle free side of the deal, however I thought the prices were inflated, and you are locked in. So after a lot of thinking about the deals offered by DHA I decided I could do better else where. Also if the tenants do not look after the property I am sure DHA would only do…[Read more]

I think its to do with vendor financing. You will get some assistance from Steve’s first book on this one. I am pretty sure I have read about it in the book. It is a must read

JUlES [angel]

I agree with timtam. But I also have difficulties by bringing emotion to such situations. However you have to make a business decision here, after all you are the one going to work to pay the mortgage, and it is your property. Is anyone else going to help you if you fall behind in your payments and the bank comes calling on you. A big…[Read more]

These look like adverts to me for all sorts of things.
I’m only interested in reading fair dinkum property investors comments Jack

[baaa]

Hi Phil
common mate. I heard about this from Steve at the seminar on 5 December and it was imminent then. and I can’t wait to get a copy. Is there a demo that I can view early

Jules

broughaha
I have read many investment books and all of Steves books and I was of the same view as yourself. I did not want a rehash. However I gave in and went to the Novemeber 2004 meeting in Melbourne. I was so glad I went. Yes he does go over some information in the books, however there are a few little gems that are not in the books and…[Read more]