Forum Replies Created
[
] Redwing, now we even come behind them in the Olympic Games opening ceremony!!Cheers
MelPeter, you could leverage later I suppose, but that will set back your investing time a bit.
I reckon what you should do as a start is to contact a mortgage broker (if you don’t have one, the guys and girls that post here are a good start) and find out what your borrowing capacity would be in both situations. With both on good incomes, perhaps you could do both now.
Or at worst, you might be able to do the most pressing renos on your house, and invest. At best, you could do everything.[
]Cheers
MelMuppet, it was more along the lines ‘I can’t think of a smart a#$% comment, so I’m going to have to leave that one alone’
Must be true then[
]Cheers
Melyeah, but about 600 would look like this
[
][] ha ha[]Cheers
MelWe’ve got Zone Alarm Pro which my friend installed when he built me the computer.
Just looking at it now it says 409 intrusions blocked, 218 have been high rated.
Guess I’m not on the net as often as you SIS!
We’ve got PC Cilin which checks all emails etc., and we don’t get pop ups, but if we go to sites like ebay we get errors instead!! I don’t understand computers, so I don’t know what is causing it.[
]Cheers
MelSure SIS, sounds like a plan with no drawbacks – although I’m not an accountant[
], and don’t want to write a book. You be the Steve part, and I’ll be the Dave part[] You seem to be far better at finding properties than me anyway, so I’ll work on funding those deposits.Cheers
Melpmaurice, from what I have seen posted on these boards, it appears you have to contact the NSW govt to find out what your liability is – they don’t tell you until you try to sell the property. then you must pay all accumulated land tax before the title will be clear. (I think it’s something like that)[
]Cheers
MelHi CheekyOldBat, I find that I often forget there were a few of them involved as well. You think, well he (meaning Steve) has got so many, whey can’t I? But it certainly adds more perspective to see that it’s four times the income supporting thier lives and their investing.
Still, as you say, I’m happy to aim for 30 or 40, and move on from there.[
]Cheers
MelSIS, I really feel old reading some of your posts, and I’m only 28.[
]With both my Dad and me using our Telstra connection, we’re lucky if we get anywhere near our 1 Gig limit – mostly we make it to just on 500 Mb!![
] Which costs us $75 or something (with a discount for having Telstra as our long distance carrier).Cheers
MelHi Shelly and welcome to the forum.
If you are looking at buying something together, my preference would be to set up a unit trust which would purchase the property. You can allocate the shares in any proportion – you basically ‘buy’ them, a lot like a company.
You can also set up your agreements as to what happens if one wants out etc. etc. In all things, talk to your advisors, and outlay any concerns you have. Now, while you are friends, is the best time to come up with all the what if scenarios, especially the one where you suddenly hate each other.
You also need to set out what happens if something breaks – do you repair/replace/get three quotes/take the first etc. etc. How will it be paid? I’ve seen this sort of situation bickered about between the partners, while the poor tenant is sitting at home with no hot water.[
]Cheers
MelHey SIS, I’d still check it out with the state govs. Who knows, the laws may not have been passed. As I said, I only saw it written on these forums, and I don’t qualify for the FHOG (despite having never owned a PPOR[
]) so I haven’t bothered much with the legislation.Cheers
Mel
] Redwing, now we even come behind them in the Olympic Games opening ceremony!!
]
] ha ha[
]
