Hi O,

The best thing you can do is set up your loans correctly from the start, so you would want an interest only loan with an offset account. Only pay the minimum of your money as the deposit and then any extra funds into the offset. That way you will be maximizing your deductible debt but saving on interest while your money is in the offset.…[Read more]

Hi Coutts,Yes it's not recommended as it will show up on you credit rating. Not 100% sure how it works but i'm sure someone else on here will fill you in soon. That is why a good Mortgage broker who understands your goals and investing etc is invaluable. They will be able to find you the best loan that suits you as well being able to give you a…[Read more]

SHales wrote:
Well, then, here is another example of something that I find confusing in alot of the maths that i see happening on this site – the constant use of a simple interest formula, rather than a compound interest formula.  Why does no one bother working out compound interest, that is, afterall, how the banks work out the interest, isn't…[Read more]

Give Jamie (above) a call or shoot him an email. At least you know he is a keen property investor plus I can recommend him personally as a good mortgage broker.Hope it all works out for you.Cheers,Nathan

No worries. Hope the sale works out for you.All the best,Nathan

Domain.com.au should show you what you are looking for. I haven't used it for a while but I think you just click on the 'reports' tab.Cheers,Nathan

Hi Joe,Gross rental yield can be calculated from the following;Annual Rent/Purchase Price x 100So; (290X52)= $15 080 / $220 000 x 100= 6.85% YieldThis is gross yield and doesn't take into account fees maintenance etc.Hope this helps,Nathan

Wealth is the transfer of money from the impatient to the patient – Warren Buffet

Kimberly wrote:
How about paying it down as much as possible now………..but not close the account. And when it's time to move to the new PPOR, remortgage this IP (the first PPOR) with interest only payments. Does that make sense?

Kimberly,Interest deductability is based on what the borrowings are used for, not on where they come from. In t…[Read more]

brmiau wrote:
Thanks again for all the info. Have done some calculations with a compounding interest calculator online and it seems thats the way where going to go. Pay off the mortgage by 34, continue to pay $1000 a week into a compounding interest account. By the time we're 55 we'll have $2,200,000 in the bank earning approx $110,000 a year…[Read more]

If you buy or create a CF+ house then you could pay your loan off in less then 7 years AND have an investment property!

As Warren Buffet once said… "Be greedy when others are fearful, and fearful when others are greedy"And in my opinion the majority seems pretty fearful to me! I reckon there are some excellent bargains out there, even if prices do drop a little more.

Hi Lizzie,What is making you go for a 2 bedroom appartment in Townsville?Just I have been researching Townsville for a good few Months now and for that same price you can pick up a 4 bed 2 bath house in a nice suburb. Minus the body corporate fees.Cheers,Nathan

My apologies S&P. I obviously jumped the gun on that one.All the best with your property hunting and look forward to seeing you around the forumsCheers,Nathan

First time poster praising the company on a thread filled with negative comments!? This must be a first. Not to mention the convenient links to the property which is apparently 'too good to be true' and 'almost completely sold'!Haha this company must be dodgy to have to go to lengths like this. 

Hi Sunni1Once you have found an area you want to invest in I would shoot Jamie an email (info@passgo.com.au)  and he can structure your finance correctly from the start. Brokers are generally a free service so you are mad not to use one! I just wish someone told me that before I went straight to the bank for my first IP! Now my loans are crossed a…[Read more]

Have a look at Townsville, Queensland, It has been in most of the Property magazines lately as a 'muscle' town benifiting from the mining boom. The queensland premier also said they would be turning it into Queenslands Second capital city to ease pressure off the Southeast corner (Brisbane etc.)Not alot of houses under 300k but there are enough…[Read more]

Hi T&DHere's a link to a previous thread about NRAS:https://www.propertyinvesting.com/forums/getting-technical/finance/4337285 If you "search" NRAS under the Forum tab at the top of the screen you will find some others where people have talked about NRAMy understanding of it is in order to receive the $9-10K bonus you have to have your property…[Read more]

Hi AshI am good thanks. haha glad to hear about your mum and glad I could help.I wish I knew this before I bought my PPOR but I guess it is all a gradual learning curve and will now know for the future!As for your question I am not 100% sure but my understanding is that come the end of the interest only period you can choose to re extend it for…[Read more]

Hi Ash,Abit of an example…P&I Loan: 300k for your your current PPOR. After 2 years you have paid 50k of the principal so your current loan is 250k, and you will be charged interest on this amount. Say now you decide you want a bigger better house and want to rent out the current one, you withdraw your 50k in equity to use as your deposit on your…[Read more]