Will do that these days off, its been over 7 years and she has paid off what Westpac sued her for… stupid bank, they also keep sending her bank statements even tho she closed her accounts.

Yeah she has a Default but it has been over 7 years now so it should all be gone.  Yeah we go through Yellow Brick Road, so they are yeah financial advisors & mortgage brokers.

Yeah we are both on over 100k each atm and we live in a government house so no rent at all.  Should be in a better position than we are but we are working on rectifying that.  Yeah might just have to message her.  

In regards to the equity we only wanted to use half to help us start our portfolio.  But yeah i guess if she has to be involved thats…[Read more]

Yeah our financial advisor is sorting this out for us.  She just could not be on the loan due to bad credit rating caused years ago when her credit card number was used to purchase  10 ipods +15k worth of other stuff.  None of it was ordered by her but the bank still sued her. So she had to wait.

Its with her sister, we are getting her name on both so that we can use the equity.  

Yeah currently paying down some debt.  My partner has a property which has 70k equity in it, but her name is not on the loan atm.  We will be rectifying that soon so that we can use half the equity to get ourselves an investment property.  I want to use a buyers advocate as i live in a mining town and its expensive to fly to check out places.

Was…[Read more]

Yeah true, wish i understood it more.  I understand the way of using equity in a house to get the deposit for next property.  But he uses the leverage loan to pay for all out goings on the investment property, repayments, stamp duty etc, and all payments go into it.  So its like a line of credit and you only pay interest on what you use.  And as…[Read more]

Has any one read his book ?

Is his type of structure common in property investing?

Hey Jamie,

Heres a link to a scan of the article, will be easier for you to read it than have me explain it.

Money Mag Article

Thanks to both of you.

1.5mil sounds like a lot but honestly i don't think its that much realistically, just a little scary.  Talking to the missus and well she is not interested in the investing side just willing to put money towards it.

Yeah we currently use YBR for our financial plan and what not, and i cannot say a bad thing about the team…[Read more]

Hey Jamie, 

Thanks for the advice.  So basically to replace my salary i would need passive about 100k. So say i would need 7% return on about 1.5mil.  This is where i get confused, books and stuff talk about that but what i cannot seem to get is where is the money?  1.5mil of property is in a sense paper money, so would i be trying to look at a…[Read more]