Kim, I think it depends on whether or not you claim the interest as a tax deduction. I would ask this question of your accountant, and work out which way to do it based on what they say.
I think Actube is talking about ‘squares’ and Risky is talking about square metres. So a 16 square house is as rugbyfan wrote, probably around 170 square metres.
Originally posted by kay henry:
yeah, Mel- they might wear leather accessories, but i was talking about their bodies- aren’t dogs made out of leather? just like cows? Or am i wrong here?
kay henry
[]Um, I don’t know. It’s just skin and fur from what I see……
Originally posted by kay henry:
Mel’s puppies like wearing leather too )
Most of them have leather collars! You can actually get a really nice leather jumper for the dogs to keep them warm and they look so cute. However, whenever we’ve put any sort of jumper on the dogs they manage to pull it off, so I haven’t wanted to lash out on expensive leather if they’re going to trash it!
It sounds like you aren’t 100% sure where you are going, and have many ideas in your head.
I suggest contacting Mortgage Hunter or TerryW who are regular posters on this forum. They can discuss the loan options with you and explain the LOC, and your other finance questions.
Buying into commercial is a lot more difficult than buying residential, so tread carefully.
the best thing I can suggest to do is to sit and read a lot of the discussions on the forum. You can get some invaluable information from what others are doing, and how they have worked their strategies.
ah huh, whats the diff. between CPI and market forces when it comes to rent prices? Is this good/bad?
I was thinking renting it to them.
Do they buy houses at inflated prices?[]
Say CPI is 2% (RBA wants 2-3% per year). So on a $100 pw rental, you will increase by $2 per week. But if it was on the ‘open market’ you might have been able to get anywhere from $100-120. Can be a big difference, especially over a number of years.
I have no idea if they buy at inflated prices, but I do know that they have very strict ‘criteria’ for the houses they choose – you’d have to ask them I suppose.
Originally posted by Phil:
Melbear, when you say inflated prices your not talking about rent are you?
Nope, I was talking about purchase price if you were going to buy one. Are you looking to sell it to DHA, or just get them to rent from you? If you want them to rent from you, definitely check out fair market rentals in the area – that’s the other thing – rents increase with CPI, not with market forces.
Elysium, you could always get him to pay the couple of days worth of rent, and then have the rental fall due on payday, so he is then paying on time all the time.
did I hear someone say 5.99% fixed for any length???
We just did some fixing last week, 150k @7.15 for 1 year!!! Did we get ripped?
I’m still learning the banking part, poss not very well.
Phil, I don’t like that rate very much! Isn’t variable rate only 7.07%? Although if there are no fees to get out of the loan at the end of the year it might be alright?