Padowan,

In your example, you’d be paying interest on only $20K. But your repayments would still be on the mortgage of $100K.

If you had a mortgage of $100K and an offset account with $100K in it then your interest would be zero, but you’d still be making mortgage repayments until you paid it to zero. You could decide to pay it out early with…[Read more]

Terry,

I agree. For me, when I say I have $50K in the bank, its actually in the mortgage offset account so its effectively off the mortgage anyway. I guess I could have said I have $550K equity and no money in the bank? Its just the $50K is liquid as I can redraw without question.

Cheers,
Michael.

Steph,

I know, but it was kinda funny [biggrin]. I agree that mispelt words do drive you crazey somtimes… [biggrin][biggrin]

Cheers,
Michael.

Steph,

You know I love your work, but people in glass houses…

“jsut” being picky [biggrin]

Cheers,
Michael.

Bec,

I surprised my wife by buying the ring without her knowledge, then popping the question after a night out at Darling Harbour. I was so scared she’d say no that I didn’t go down on one knee. I sat next to her and held her hand so I could not let her run away.

Anyway, she said yes. That was the first proposal and the first ring. In the…[Read more]

Phil,

Any suggestions on where to start then, go for an urban infill townhouse jobbie, or just a plane old subdivision with a council approved plan for a new residence then flog it for profit.

I think the only way to turn a nice profit in the current market is to make it yourself. I don’t think the market is making them any more. I was…[Read more]

James,

A little more info please? Are you suggesting urban infill kind of options such as buying a residential site to knock down and replace with 2-3 townhouses. I’m not into development yet, but believe the old addage of problem+solution=profit. So, would recommend the buy below median, tart it up and rent it out approach. ie. The Peter…[Read more]

Hi,

The 11 second guide says I should want $1,650 a week! Somehow I don’t think this is gonna pan out… [biggrin]

Anyway, I’d love to be wrong, but the fundamentals I’m talking about are the record low rental yields and the median prices well above long term trend. Sure the economy is strong, but the property market has gone bubble on us.…[Read more]

Its a blip on the downward slide, the fundamentals just aren’t right. Pay it no heed and wait for the true bottome to come around in a few years time…

Michael.

Steve,

Ditto. Robert was the catalyst, but it was over to you and others such as Peter Spann, Steve Navra, John Burley, Jan Somers etc for the how to.

I read RK first, but now I’m more in to the how to guides for different approaches.

Thanks for your excellent contribution to the mix! [biggrin]

Cheers,
Michael.

Rob and others,

I think Sonja hit it on the head, I was reading Rob’s posts back and forth and was about to post something similar.

Basically, my wife and I lived together in a defacto relationship for 10 years, yes 10 YEARS! before getting married. One day I just felt that I wanted to openly and publicly declare to the world that I wanted to…[Read more]

Henry,

You’re on another planet. Read the explanations again, they’re pretty simple.

Basically, you can get positive cash flow from a negatively geared property due to the deductibility of non-cash flow items such as depreciation. Its not mensa…

Whatever,
Michael.

Aussieogue,

I hope you’re on a good commission! Or maybe by “my company” you actually mean “MY company” in which case its 100% commission… [biggrin]

Cheers,
Michael.

Blondie,

That’s fantastic! Congratulations, and welcome to the almost newly wed’s crowd.

You’re a lucky lass and he’s a lucky lad.

Someone once said…

Marriage is a wonderful institution, but who wants to live in an institution? [biggrin]

Put me down for one padded cell please…

Congrats again,
Michael.

Lukis P,

I’m with you on this. I’m a buy and hold guy too. I guess I’m just saying that to hold for 10 years and see no growth would be a real bugger. If we are in as bad shape as a lot of people think, then this may be the timeframe we’re talking about. I’ll wait until I see the market bottom and turn before buying on a neutral / -ve gearing…[Read more]

Rob,

Sorry about changing the post. The more I read, the more quotes I kept coming back and adding to the reply.

Ouch about the lawsuit dragging on for so long, and also about the injuries themselves. My wifes a lawyer and I reckon its a secure job if you get my drift…

Cheers,
Michael.

Rob,

I could be wrong, but I think you’ve got an identity crisis! [blink]

Cheers,
Michael.

Terry,

Nope it was “somewhat unusual hairstyle which severely trims the hair except for hair at the top of his head” to quote the initial judgement… and “his hair style gives him an unusual and to me a way out appearance. That of course is his choice and privilege but it may well be a factor when he seeks a job” [biggrin]

But the appelant…[Read more]

Steph,

You’re right of course. The problem is that I AM one of the lazy ones. I keep promising my wife a little massage, but end up piking out when i get a bit tired.

I’ll need to lift my game a bit I think, I’m letting the team down.

Cheers,
Michael.

Chan,

Both good options. I’m going to one of Steve’s presentations at SIG on the 25th so I can post an overview here afterwards if you like. He seems like a good option to me though, and his tools are pretty logical such as his rental reality check.

Have a look at his site, its all explained on there.

Cheers,
Michael.