You really should rent the investment property for positive cash flow to support your main job! And rent yourself…. Let the ip grow in equity. Then buy another ip 2 to 3 years later…. Once both properties equities are high enough say after 5 years for each then sell both to buy one property you wish live in and own with full equity ownership.…[Read more]

No need to hold beyond 5 years

Remember you can’t take the green stuff with you when you die! So if it’s for the legacy fair enough but if not why build a billion portfolio ? Beside you don’t know how long you have on this planet life is only temporary…..

I will say this hold 5 properties maybe even 3 long enough then sell them to buy a cheap home and live off the surplus…[Read more]

Remember you can’t take the green stuff with you when you die! So if it’s for the legacy fair enough but if not why build a billion portfolio ? Beside you don’t know how long you have on this planet life is only temporary…..

I will say this hold 5 properties maybe even 3 long enough then sell them to buy a cheap home and live off the surplus…[Read more]

It’s not in a mining town that’s for sure….nor is the second house. Yes every state has its specific cycle it’s going through including each so called town…. But I certainly wouldn’t be giving the property away for free either! I remember I think about 5 to 10 years ago Tasmania was offering houses for a 1 dollar and I remember America had…[Read more]

It’s not in a mining town that’s for sure….nor is the second house. Yes every state has its specific cycle it’s going through including each so called town…. But I certainly wouldn’t be giving the property away for free either! I remember I think about 5 to 10 years ago Tasmania was offering houses for a 1 dollar and I remember America had…[Read more]

It’s not in a mining town that’s for sure….nor is the second house. Yes every state has its specific cycle it’s going through including each so called town…. But I certainly wouldn’t giving the property away for free either! I remember I think about 5 to 10 years ago Tasmania was offering houses for a 1 dollar and I remember America had…[Read more]

Shares = a pain of red or sea of red white pointer comes to mind! Mind you I love playing the asx sharemarket game and the digital game stocks I have are holding steady ….

Define the hours regarding casual employment that Cba will accept?

I’m not interested in buying any property at any price….

Hahaha are you joking or what? Would you prefer they give it away for free? Buyers and sellers can choose their own price hahaha …. There are two houses not one !

The price of the first house cannot be reduced any further it is already at bare bones now!

Would you care to share this so called structuring method? Or have I hit the nail on the head with the right structure I have mention earlier…. By all three of them combining their incomes to create the new 30 year loan using the first house as security therefore releasing the first home to rent out and allowing the second home to be mortgaged…[Read more]

A bridging loan between the two houses. The bank secured one to lend for the other! Affectively allowing someone unemployed to purchase the second house but using the eldest son to pay the bridging loan interest repayments. It would make sense if you wish to sell to release the funds to pay for the second house. I did speak with a broker, the…[Read more]

The idea was not to invest period…..as for fussy most so called investors don’t care what they buy as long as they get what they want at what price and local. For them it’s like flipping burgers to make a so called profit! After all the name of so called world game is making money be it in shares or property or other means. I for one will…[Read more]

People are a fussy lot when it comes to purchasing property. Let’s just say the property is a ok nothing wrong with it. The house has been listed for sale by two different agents. Over that time period. Neither could get a buyer. Well except the first agent there was one offer but it was below the loan value of the second house. So that was…[Read more]

Everything In life is a risk …. In the end you have two choices be in debt or not! After reading so many finance books I tend to believe it’s best to stay away from debt that’s what drags you down to the point of no return. Many Australians even the world is smothered in shit loads of it you only have to look at Greece to see that …. But if…[Read more]

Everything In life is a risk …. In the end you have two choices be in debt or not! After reading so many finance books I tend to believe it’s best to stay away from debt that’s what drags you down to the point of no return. Many Australians even the world is smothered in shit loads of it you only have to look at Greece to see that …. But if…[Read more]

Would you like to answer my problem that I have ? The post is located in the finance section under bridging loan fiasco.

Cheers,

Moggy