i would take from this that if you are in the business of buying and selling investment properties (i.e., if that is your full-time job and primary means of deriving income) and you enter into the purchase of a property with the intention of making profit thru capital gains, then when you sell, and realise those capital gains, the gain made is…[Read more]

if you’re gonna invest in a gizmo to spray paint your walls, do you think an airless spray gun is best? or compressor with paint spraying attachment thingy (and other attament thingies for other jobs)? any recommended brands, any stories to tell?
cheers folks

i can’t wait til i start to make a motzah out of this property gig.

maybe then all the aunts, unlces, friends, etc who’ve given me those infuriating, patronising looks, like ‘yes, dear, but really, what do you think you be when you grow up?’ will take me seriously.

at first they didn’t believe i could save and buy a house
then they didn’t…[Read more]

yeah, i was going to live it it. I suppose i could look at gettiong an IP somewhere else until i can save the deposit for a place in the city. At least that way in the mean time i might make a little extra in capital gains? or it’ll make my income look higher (considering i’m still studying!) so i’ll look like i can service a bigger loan… i…[Read more]

yeah, I would be borrowing over 80%. my bank has looked at what I have left to pay on my other mortage and offerred 192K total, including deposit bond for my next place. I figured I could just get a personal loan to top up things if the price was a bit over that. so if other lenders are going to need a chunky deposit it looks like i’m stuffed []…[Read more]

umm, and if you’re a mortage broker and can’t give me a name cos it’s not in your interest, can you still please let me know if you know of an appropriate a lender? taa

40 year mortage? fair enough if you’re gonna buy and then sell-on in a few years, but if you plan to keep your property for good it sounds pretty dodge. god, can you imagine how much interest you’d pay out on a 40 year mortage? it makes me shudder to think of it…