Thanks Dave
Hope you get my email
Lee-Ann

Dear Del,

You can call me mum any time you like, my kids (3 & 1) do it all the time!

How did you go about getting an LOC loan that is seperate from your Home Loan and how does this work? I have heard of overdrafts before but don’t know much about them.

Regards Lee-Ann

Dear Wilandel

Does your 20% deposit and 5% fees come from a line of credit against your own home or is this seperate from your PPOR.

eg. Value of PPOR $165,000
Loan $ 55,000

Apply for LOC of say $120,000 to supply you with money for deposits and fees.

If it is not against your PPOR then how does it work?

Regards Lee-Ann

I’m a Newbie so I will also let the cat out of the bag!

My name is Lee-Ann (23) my husbands name is Andrew (32) we have two georgouse kids (not biased honestly) 3yr old boy and 1yr old girl, they are so CUTE at this age!

I studied fashion design at TAFE and then got Preggers so have not worked untill recently when I became a Nutrimetics…[Read more]

Thanks ENJOLady,

So say for eg. Rates $1200PA
Insurance $450Pa
5% of $9000 $450
Total Expenses Pa = $2100
That leaves $6900 for repayments.

It is so much easier when you have done it once![]

Thanks for your help.
Lee-Ann

P.s If any one could help with my other question that would be great.

Dear ENJOLady and Others

My husband and I saw the Programe last night (16/7/02), to enter the compitition you had to ring a number and tell them what your dream renovation would be. Sorry I didn’t catch the number but it is on again tonight.

Last night they had some good tips for keeping to a budget, most of it was common sense though, like…[Read more]

Dear Everyone Who is Thinking of Going To NZ,

I hope you all love it over there, just remember to pack your winter woolies, my dad just got back from Christchurch a week ago and said he talked to his mum when he got home (she lives in Christchurch) and they had 3 inches of SNOW! Very Impressive for that to build up that low down! We lived there…[Read more]

Toe Edge,

Thank You Thank Tou Thank You!!

That makes life much easier,

Lee-Ann

This site is Fantastic, I found the aswer to my Question I just had to keep looking!

As a newbie I found the above calcutations very interesting.
How would I calculate how much rent to charge on a property I own to make a +ve returne, and what the percentage of return would be.

Lee-Ann

Thank You very much for your help.
Yes we are going to be very careful about what we do, we dont want to purchase a property to turn around and lose it a short while later.[!]
Have you ever had one of those gut feelings that told you that this was the right time to do something, and that if you sat on your but and did nothing that you would lose…[Read more]

I am very new at this and would also love to know what a section 32 is.