Steve,
good deal for the MAP it would seem.

Are you asking for thoughts on how to calculate the return?

if so. you could calculate that $4k against any closing costs.

or.. maybe calculate against a money value created for time spent researching the deal if it was no money down.

Ie: say 50 hours setting it up and value your hours at about say…[Read more]

Thanks steve
[jester]
To add to Simons post,
I would also consider having an offset attached to the owner occupied loan,

What is an offset, explain please. I’m unfamiliar with this.[eh]

lifexperience

Maybe follow ambulances?[drummer]

lifexperience

Down here in melbs, the underworld are killing each other off.
You might be able to get a tip from anyone in the mobster game of upcoming places.[curtain]

lifexperience

My one question remains though.

Can I consider a property investment cf+ at what deposit level?
0%, 10%, 20%, 30%…… at 100% everything is cf+. So where is the cut-off point?

Is there a definition out there?

hi glen,

If you have a property that has more expenses annually than income. It ain’t +ve cashflow baby. Even if you get it for no…[Read more]

MortgageHunter,
great idea, i’ve been looking for a way to safely leverage the props i have in my own name to buy more IP’s (which are going in a trust).

YAY!!!!!!<smiles>[thumbsupanim]

Would the interest on the LOC be deductible if it was a PPR?
lifexperience

harro,
I have recently bought some rural props. The biggest problem was Lenders Mortgage Insurance for lending more than 80%. (i borrowed 85%),

I was informed an 80% or less lend was easier.

Have you considered second mortgages or other options to get the higher LVRs you want.

What professional advice have you been given so far? ……[Read more]

This site is a wonderful creation, congrats.

[thumbsupanim]

Still,I liked it the old way too. [cry]

lifexperience

Russ,
Would paying more than the property was worth really help her condition and happiness? [dozey] .

I doubt her money situation is the cause of her un-happiness (if she is actually un-happy). Some of the great geniuses of our time lived in mess.

As with investing with intelligence, compassionate actions can be more effective if wisdom is…[Read more]

30 million, why so low?

You wouldn’t get your own planet with world peace, chill out dimension or even hover shoes for everyone with that.

C’mon people aim bigger, [pimp]

lifexperience

just ask tenants nicely to take a form with ya bank details and the “periodic payment” amount and start date to their bank.

It helps if you both use same bank, i open a new account if this is not the case.[jester]

lifexperience

I have nothing to pick on any-ones technique, it’s hard when you don’t know their full story.

My technique (work in progress) is to buy props that are slightly neg-geared in potential growth areas (ie: country), and then get creative and do as much as i can to turn them +ve cash flow.

[cowboy2]

lifexperience

Hi,
Have you considered using the wonderful powers of computers.

I ask my tenants to set up periodic payments straight into my rent accounts. They just do this at the bank. costs about $2 -$5 depending if its the same bank or not. (i offer to refund these fees to them, but you don’t have to).

If they are with centrelink, set up a Centrepay…[Read more]

Shushar,
I get my inner peas by opening the tin, and diging in deep with a spoon. [drummer]

lifexperience

Welcome dude,[cowboy2]
Why are you investing?, what do you hope to acheive?, what do want it to provide you?:These are some questions i started with before deciding a strategy to use.

It’s hard to choose a good road when you haven’t got the destination.[guitar]

lifexperience

Jo,
cool bananas, and that is a good point to not take things literally.

I noticed your use of italics for emphasis. Try coloursthereare some niceprettyones.

Keep that passion, it livens up the forum.[sunny][jester]

lifexperience

Ace Acey!
Money has no taint whatsoever.

It’s not how much you have, it’s how you use it.

Only if you have millions of dollars can you can give millions to charities.

I like this, it is going on my motivation wall.[specool]

lifexperience

Misty1,
I do the initial work on the house in the beginning, but have all extras done by others (jims mowing, fire-wood deliverer, etc.)

Good point on theft and damage, I will let you know how i go. But there is insurance for some things and for the rest, i am hoping to absorb any extra costs like these with the other good properties. I am…[Read more]

Goals, mmmmmm.

If you have clear goals you may acheive huge things……,

but then you might miss the smell of the roses on the way…..,

but then you might only ever smell a few roses when the whole flower shop is up the road and could be reached if you stuck to your goals…

, but then we all die anyway, why not enjoy life now…..,

But…[Read more]

All those who suggest they can see the future raise their left hands.

Now, All those who doubt them raise their right hands.

Have i summed up this thread?

he he he he[jester]

lifexperience