Forum Replies Created
- Originally posted by APerry:
Westpac will also likely be making some other major policy changes in coming weeks.
good changes [biggrin] or bad changes [angry2]????
Don’t know if it’s the new site or my computer but since the new format, quite often, when I click to open a thread, a message comes up “Internet Explorer cannot open the site bla bla bla”, and asks you to click on the OK button. When this is done, you are redirected back to “This page caanot be opened etc. So I click on the back button and usually this brings me back to the page I was after in the first place.
What the???
Finding it frustrating.
As I mentioned, it may be something on my side, but it never happened previously, and I have not done anything to my PC in the meantime.
Any suggestions??
What is a Broker???
The opposite of a Richerer maybe??
Hi guys.
Wont be able to make this get-together unfortunately. Pity, I was looking forward to those tim-tams.
Hopefully can make the next one.
Have fun all.
Oh, and by the way, my non-attendance has nothing to do with the footy, lol.
NRMA are also offering landlord insurance combined with buildings insurance
Gee, hate to sound unappreciative, but that’s getting close to footy finals time, especially the time, 4pm.
Anyway, will see what happens closer to the time
Is there a theme or topic to be discussed, or is it just play it by ear?
We may be able to draw down some equity as we paid a fairly large chunk off initially but we don’t have enough income to service the debt. Thus the idea of wife going back to work.Hi Ronulas.
I believe Dazzling has said it best when he said basically you have to be patient.
By getting to your equity now and buying another I/P you will still have to come up with the shortfall in loan repayments, putting you further behind.
If you sell one of your I/P’s, you have to consider CGT and sell costs, then new purchase costs when you buy another I/P, which will probably put you back in the position you are already in.
Be patient and let time work for you.
Originally posted by Cindy_Henderson16481:
We are currently under a Mentoring Program run by Craig Turnbull. The course lasts for 12 months (finishing Sept 2005) and has been a great help along our investment path.
Our net worth has increased by at least $200,000 during this time – we would not have had the courage to invest to this level on our own.
We have a fantastic coach we can call upon for help and advice at any time.
We meet with Craig and fellow investors once a month and have phone contact with our coach at least weekly. Our monthly meetings teach basic property investing strategies as well as ‘mindset training’.
So, our experience has been great so if we were asked was it worthwhile the answer would be a very definite YES!Cindy Henderson
What sort of price range does this mentoring cost?
Sounds like it has been good for you.
So lets say I have an I/O loan of $100,000 with an offset facility.
I win $100,000 in the lottery (wishful thinking), and deposit it in the offset. So now I am not paying any interest.
If I decide to discharge the loan, do they (the bank) just keep the money in the offset and everything is square (less discharge fees etc), or do I have to withdraw the money from the offset and then pay it?
Originally posted by bestbest1:hi
i am looking at buying a property in the ipswich area in queensland, now i have heard that prices there are set to fall around $60,000
Hi bestbet.
Where exactly did you hear this info from?
I’d like to get an opinion from everyone on how much you think you would need (in equity) to even consider living on equity. Obviously, this will depend upon your living standards etc, but what sort of built up equity is required?
Chang, just remember that these companies are set-up to make money, so you are probably paying their fees for things you could do yourself, however, if you feel that their fees are appropriate and if it gets you into the property market, then so be it.
Makes it hard to comment without knowing the company/ies involved. There are some dubious ones out there
Originally posted by Michael Whyte:
My view: “I’ll be retired when my passive income replaces my salaried income (currently $200K pa)
WOW $200K.
Michael, can you tell us what your current occupation is?
Or even a clue if I’m being too nosey [biggrin]
Originally posted by JKM:Do you mean that the equity in one property is enough to support the loan & thus you are releasing the other property & it will be debt free?
Hope that helpsThanx JKM.
Re Q2, yep, thats exactly what I meant and you have answered both questions for me.
Thank you.
Logan appears to be a fairly large area. Is there a certain part that everyone is referring to?
Good for you Mini.
Having read your posts for a while and actually spoke to some time ago, I say you really deserve it.
Go get em’
Also saw the ad and have sent for the DVD.
I also picked up on a lot of re-hashed lines that other gurus have used.
As the DVD is free, I thought not a lot to lose.
Great post Kenneth, very informative.
Thanks for sharing and good luck with it all.
Originally posted by resiwealth:My eldest nephew (33) has 9 investment properties and no home mortgage. He uses a system i have been teaching him for several years now. He has no car leases, no credit card debt three kids and a rock solid marridge because they have no pressure.
Craig (nephew) is a totally adverage bloke from an adverage family, he started with a s..ty one bed unit in Parramatta 7 years ago.
Hi Resi.
I (and I’m sure others) would love hear about this system of yours. Or do I have to wait fir the book.
Cheers
