Originally posted by Jaradnkaren:

what about a deposit?

When I buy residential I put down a $1000 deposit. What should I offer for a 1 mil + property?

I think the first thing you’re going to have to do is find out how much the bank is willing to lend you on the property. As far as i know, commercial property is leveraged alot less than…[Read more]

IMO I wouldn’t worry about paying out your home load with capital gains. Instead, set up a line of credit on your IP and use the capital gains to purchase more CF+ve property. Then use a portion of your cashflow to pay off your PPoR mortgage.

– “Life is what happens when your busy making other plans” –

Sounds to me like your a bit of a novice. Which is ok, we all have to start somewhere. You are keen that is good, but do you have the dedication to stick it out? Right until you have reached your goal?

Its not just a case of buying property and renting it out, hey bingo million dollar portfolio. If you dont know what you’re doing you could…[Read more]

The way I understand it is the FHOG can only be used for a PPOR and not for investment purposes. You have to live in the property for 12 months after the purchase date, and then on you can do what you like with the residence. (someone correct me if i’m wrong)

– “Life is what happens when your busy making other plans” –

Initially it would be hard to understand and it would take a little while for the idea that everything I have is gone for good. But eventually I would get back up on my feet.

1) Find out where i made the mistake and learn how i can avoid making the same mistake again.
2) Obtain a job where i can earn money to clear my name of bad debt and begin…[Read more]

When tax time comes around you can make deductions on all of your repayments with interest only. Rather than just the interest portion of PI. When financed with PI your principal decreases each year because you are paying off… dah! However, with interest only you dont pay anything off your interest, so the interest is always going to be…[Read more]

Knowledge is power, and without the knowledge you can’t possibly hope to be successful at property investing. My suggestion to you is READ! Read everything and anything you can find on business/real estate/selling, Audio Tapes, Websites and Forums such as this one all add to the knowledge you must have before stepping out into the…[Read more]

One thing you need to understand is that good property deals come around all the time. Looking for 30 mins is great. however, you may not be looking in the right place, or looking hard enough. The 30 second rule may be fine but deals are structured using your imagination not what “rule” says. Sure the 30 sec rule can find you awesome deals… But…[Read more]