Hi. Don’t know anything about property expo in Brissy but if there is one, it may be worth your while attending. I went to the one held here in Sydney earlier on in the year and it gave me a good chance to speak (face to face) with different lenders, developers etc and also hear different (mini) seminars by people such as Margaret Lomas. A lot of…[Read more]

Hi ya Sooshie. I think it’s a great idea and also agree on the goodwill part of the scenario too. Like many others on this forum you sound to be very good natured so I’m sure that you will have many successes (is that a word)[]

All the best

Marty

Hmmmmm…. if only I could work out a way to come up with 9000 deposits……
Sounds like the Qld market still has a way to go

Cheers

Marty

Hi Cremin. Is this property to be your PPOR or for investment purposes? To me the most obvious question would be why are you selling? Also, a problem to one person may not be to someone else, for example, when I bought my PPOR the vendor told me that he avoided the next door neighbour because he talked too much. That was a problem for him but I…[Read more]

Hi all. As I sit here on the forum, my copy of ” the book” just turned up five minutes ago (via courier) so I know what I’ll be doing for most of today.

Cheers

Marty

Hi again 1×6. Just another thought. If you’re considering the Marsden area, dont write off Beenleigh. A little unit I bought there 18 months ago has doubled in value which suggests that Beenleigh has had its run but I was talking to an agent the other day from Beenleigh and he said that the area was still going ahead, and with a picture cinema…[Read more]

Hi Peter. Call me conservative but I personally would sell one place first before buying the other. Sure, you may have to rent for a little bit (or stay with family or friends) and store your belongings but it beats worrying about possibly two mortgages. It also depends on your actual situation and your comfort zones.

Cheers

Marty

Hi again Adam, reading 224013’s post reminded me of a book also that you may be interested in. It’s called “The millionaire next door” by Thomas J Stanley & William D Danko. Once again, good luck and keep us all posted, hopefully one day you can interview me for your site.

Regards

Marty

Hi all. I got the impression that Arty wanted cash to live on not reinvest.

Marty

Hi Teylu and welcome. Don’t forget that with an interest only loan you can also make additional payments over the term of the I/O time frame, thus reducing the repaymets along the way and when it converts to P&I. Check with your mortgage originator or broker.

Cheers

Marty

Hi Cameron, sounds like good deal,also sounds like you have decided to buy. Keep us informed of what reno’s you do and the cost involved. As already mentioned, it should be great for capital growth too.

Cheers

Marty

I’m in total agreeance with the above, and believe in karma in as much that if we a little (in this case, advice, wisdom or experience) it comes back to us. A heartfelt thanks to everyone out there.

Regards

Marty

Arty, hi ya. The income does become part of your tax assessable income, but imagine having enough of those rents coming in that you dont have to work anymore. Who cares about the tax, you’ve realized financial freedom. Hope this helps.

Marty

Hi again 1×6. Have you tried looking for an I/P in the Redland Shire that you could do a reno on? Reno’s are definately not my specialty but if you’re handy (both physically and to the Redlands), it may be an option for you to get something there for the amount of money you wish to spend. Just a thought.

Regards

Marty

Lets just hope that David Murray is correct in his assumptions and that the current boom continues a while longer. I also hope the interest rates stay low a while longer.

Cheers

Marty

Hi again Maggie. Obviously you have told the agent that you not happy with his service, which is a good start. My next step would be to put pen to paper and advise the principal of the agency how dissatisfied you are about the agent, also send a copy to Real Estate Institute in your state and ask for a reply. Don’t be surprised if it does fall on…[Read more]

Adam, great idea mate. I saw recently on T.V something about a website called “apprentice millionaire” (I think). Don’t know much about it, but it sounds similar to what you want to achieve. They have a website (not exactly sure of the addy), but I’m sure you will find it as it may help you with your venture.

Regards

Marty

Hey HG. There is already a thread on this forum with your request. Check it out through the search function.

All the best

Marty

Hi Mauricio. Bluntly, (but definately not rudely), borrow money to buy a property, rent it out, any money left over after repayments is yours (positive), any shortfall is to be paid by you (negative). Hope this helps in some way.

Marty

Hi maggie, it’s a shame you have to sell to get money for your settlement, otherwise I was going to suggest finding another agent. As it stands, you probably have your hands tied (and the agent would be aware of this). Just hope you get the price you need. Good luck.

Regards

Marty