You should learn as much as you can from them.Don't just take – offer them something in return, good company, meals etc are all appreciated by people.Ask to buy into a project maybe?  But make sure you are in a position to move if they offer you a crack at something.  don't just tyre kick and spoil an opportunity.Cheers,

If you plan on buying multiple investment properties then IO will preserve your cashflow – this is the avenue nearly all my serious investors take.There are tax advantages too. Even with your PPOR.P&I seems favoured by mums and dads paying out their home and maybe one IP.Cheers,

if you live in any of your IPs you will lose the FHOG forever.You need to live in them for 6 months and claim it or not live in them at all.Cheers,

turtie22 wrote:
Hi,Thanks everyone for your replies. It's our first time buying a property so we wish to know as much info as possible before signing any contracts.Simon, for Hotondo Homes can we select the builders that we want our house built with or do they simply allocate a builder to us? We like one of the Hotondo designs and would also…[Read more]

Hotondo is a franchise system where you will get the builder in your area who will build you a Hotondo home.  I gather they are a higher class of property than the average McMansion built by a project builder with a number of crews.We are seeing our local Hotondo guy tonight to talk about designs.Cheers,

You want to trade a $5000 Supra for a $100K house?Have I missed a step somewhere?Sounds Like I am offering to help you out and you are expecting a 20 times return.

I will give you a house for whatever you have to trade.I am building on the land so the house is ready to be picked up whenever you like.Cheers

elkam wrote:

Mortgage Hunter wrote:
this is the DANGER of using one loan and mingling deductible and nondeductible debt!. At the very least you should have had splits to clearly delineate the two amounts.The only thing you can do is to sell the IP – pay down the debt and start again using a fresh NEW loan. You can sell the IP to a spouse or…[Read more]

No – buying an IP wont hurt.Just don't live in it.

Yes you can if your loan is Interest Only.If it is a P&I loan then neither offset or redraw will reduce your payment as they have a set weekly payment.You will however reduce the amount of interest paid so your fixed payment will reduce your principal more than normal and hence shorten your loan term.Hope this helps.

Who on earth gave you that advice?  I hope it was a well meaning friend or relative and not a professional.  If it was a professional I suggest you consider changing.You cannot just transfer debt to an Ip then claim it.  The ATO will need to see the trail of money to see that the debt was originally used to buy the IP.At this stage the best you ca…[Read more]

You can do either.If you cross collaterise your first property – ie the same bank gives the second loan and secures it against the first property then the new loan is the full $300K.If you wish to avoid that or use a second lender then you need to raise the loan on the first property to get the $60K then you borrow $240K against the second…[Read more]

I am genuinely interested.

Why have you chosen Adelaide?

A Mortgage Broker and a Financial Advisor are two very different professions.Is like asking for a referral to a Doctor/Dentist …I suggest you need one or the other or even both – but they wont be both the same person.

crashy wrote:
basing investing on historical returns for funds is like using todays evening weather summary in place of tomorrows forcast. IT BEARS ABSOLUTELY NO CORRELATION

If the last weeks weather has been stinking hot in the middle of summer then is a reasonable outlook to suggest another hot day is coming…Having said that I don't…[Read more]

If you haven't got a clue at all then they are useful to get the basics right.At my stage I feel I am more informed than any of them I have spoken to.They should rename themselves Managed Fund Brokers.  Even that is a service I don't need as I use a discount broker that rebates the upfront and all the trail after $396 worth annually.Read and…[Read more]

Find out how much spending you can do.  Speak to a broker for a top figure.Then start investigating potential locations.That should get the ball rolling.

The problem there is that we will have all sorts of rubbish being posted by spammers all over the world.there are other For Sale websites that do a much better job and don't expose the website owner to all sorts of legal problems.Cheers,

Unless you have parental assistance you will have to do what I and millions of others did.Save a deposit.  Put it to work until it is big enough to get you into IP 1.Sounds like hard work but then most worthwhile things are.Don't go chasing get rich quick schemes – 99% of them will cost you money and time.Have a read of "The Richest Man in…[Read more]