Jamie M wrote:
Have you read the 20 Must Ask questions book? I thought that was a pretty good one. Scope out ebay for second hand investing books. There's usually a few bargains to be found.

Yep read that one, I thought it was very informative. I like e-bay for second hand books too but as I have a kindle, which I'm a bit addicted to, I buy…[Read more]

After reading this entire post I'm very disappointed that Booge didn't follow up with what Nathan Birches seminar was like. I know this post is old but Booge if you're out there can you do a quick review?

Thanks everyone . David4000 I'm already onto the mags too, buying API but thinking the library might have some of the other mags to keep expenses down. I'm also looking for my next book, maybe another margaret lomas one? I'll have to take a look at the recommended reading list on the forum more closely. I'm getting really excited about my fir…[Read more]

Thanks Richard, yes all makes sense. Just one question about the redraw once IP has value increase: Is this new draw down tax deducitble (it is new borrowings afterall)? Now I'm off to try and find the right property!

She is a real estate agent. I had decided before I met with her that it was not a good idea as I had done some more reading inbetween making the appt and the actual appt. I was going to cancel but in the end decided as long as I promised myself NOT to sign ANYTHING I would meet with her as it might give me a bigger insight into what 'method' these…[Read more]

Ok. So this is why interest only is better? As the interest repayments on one loan for $300,000 is going to be the same as 2 loans for $100,000 & $200,000 vs paying P&I which would be about $350/month higher (using ~7% interest) with the 2 loans scenario. Now I'm starting to understand the financing I just have to find the IP (I think that's go…[Read more]

Thanks Jamie, I think your suggestion is the best option as I want to do as much of the research myself.