Blame Westan … []

Great to hear where everyone’s at.

Muppet – zero plastic surgery, think it was the stunning pigtail, t’shirt and shirts combo that did the trick …. sigh.

Age disgracefully, that’s my motto!!

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Mel

Banks can be good too – dare I ask ‘which bank’ ? []

Wish I knew a local broker to send you to, but what have the bank has recommended – the forum brokers may be able to help.

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Mel

Hi May,

To play devil’s advocate – What has been the growth in those two areas over the last 3 years, and what rental income would you expect from those two properties, plus is your strategy cash flow or capital growth? Neither is better if it doesn’t meet you objectives! [}]

My two cents – go coastal.

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Mel

Howdy []

You’ve got lots of good options. If you have your PPOR loan structured correctly you can ‘draw out’ the equity and self-securitise the new loan with the best product available and without restricting future options with own home by having it cross-collateralised. Using other savings is fine too – really depends on your current income,…[Read more]

Caught it – seems Steve is headed for superstardom in a big way on Monday night as Mr One Million Dollar man – great work!

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Mel

This is fun [:0)][:0)]

Few more:

Mia
Eve
Rory
Anna
McKenzie
Arki
Morgan
Vanessa

……. are we helping at all ?!?

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Mel

Welcome []

Definitely a few strategies to consider, depending on what you are willing to do to free up investing options, ie:

1. refinance everything with a few different lenders (incurring break costs) to minimise impact on serviceability (within one lender they apply a safety factor to interest rate of about 20%, between lenders they’ll…[Read more]

Wow!!

Well done Terry – you’ve taught me heaps too []

Mel

Ay Amigos!

Good old Brisvegas, family from Burketown (try getting a loan there … not) to Clermont to Yatala.

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Mel

Just hit the slippery slope of 31 , feel 21 [:0)], look 18-ish [8D] (got asked for ID last week – cool!) and bought first PPOR last year after 10 years of poo-pooing property …. the foolishness of youth!

Making up for lost time now I’m in the mortgage & property game plus start options trading Monday, very exciting!

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Mel

Sounds good Aussierogue – keep hearing the 2006 deadline for the boom, which makes investing now very attractive.

Only question is effect of a sharp interest rates rise, which I think would be temporary (<3 months) anyway.

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Mel

Home is work is home ….. []

This is way too fun to call work though, even though v busy couple of days and missing heaps of posts – should catchup tomorrow …

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Mel

Thanx Simon []

Mel

Lookup Baycorp Advantage on the web – think it costs about $20 to order your credit report online.

To have a default listed against you eg from a late telco bill, they have to give you a couple of warnings first, but up to two months overdue is asking for trouble. A lot of lenders will overlook small paid defaults of up to $300 but clean is…[Read more]

Here here – Jamie’s a VERY fine example []

Honestly though, looks aside, he is a real inspiration, gardening books are my second biggest addiction, and his passion for his work shines through, bit like you guys!

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Mel

Crashy – where’s that book ?!? []
Mel

Good work VPA – you sound like you’ve got a plan – go for it!!

I’d also touch base with a local broker, they are generally free and more opinions help.

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Mel

Count me in – think it’s a great idea and admire your pro-activeness!!

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Mel

Congrats Richmond!

Agree – it’s what’s you do with it that counts.

I blew heaps travelling around the globe in my 20’s while earning $50K+ and now am working hard to make up for it, but I do value life experiences highly too, it’s not all about money.

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Mel

Hi Sirendipity,

I notice you haven’t put any more posts up since this first one – hope you are still reading and learning.

Welcome to the forum!

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Mel