IO = intrest only

PI = princible & intrest

IP = investment property

-ve = negative cashflow

+ve = positive cashflow

LMI = Lenders Morgage Insurance

CG/T = capital gains/tax

hmmm = trying to think of some more

NEO

NICE ONE BRUVA!! Nice One Bruv! nice one

G’Day mate

i guess i’m simular to you, i’m only 20 and got my first +ve cash flow house a few months ago.

i’d like to say go get em tige’s!

i feel extreamly proud of myself and the things i have achivied, while my mates are still out pissing away there wages i save mine and instead of laying in bed hung over[xx(] all day, i now spend my weekend…[Read more]

dude dont take away my stars, i’ve worked hard for these 2 goldies!! if i lost em i’d feel like the lepord who lost is spots!!

NICE ONE BRUVA!! NICE ONE BRUV!! NICE ONE!!

what is the $10 fee for?

you pay intrest plus a $10 fee is that right?

if so why do they tell you they charge this, isnt paying the intrest the fee, lol, its a fee for paying a fee, bloody banks!!

this is the blind leading the blind, but coz no one else has answered i’ll give it ago i think all you do is go to the bank get your house re-valued, the bank give you the difference + plus the amount they feel you can service. you use this to buy a new house.. i’d guess u would have to pay all the usual fee’s and charges, i dont know if it is a…[Read more]

hehe i just did, would a person who rents really understand this tho? i also think its a little to honest for your own good, hide some of the facts a bit, no one likes to hear they are giving someone else $100,000 in intrest!! ontop of what they would normaly have to pay

well you can look at it two ways..

the first, if alot are for sale, this makes them cheap, as they are in over suply..

the second, theres alot for sale, why, coz no one wants them…

everything is a risk, i think if you do your due deligance you’ll be the only one who can tell if its a good time for YOU to buy or not

WOW what lucky kids u have!!
i wish my mum and dad would buy me a house!

maybe you could sell the 500k property give them each 100k towards a house then buy 3 cheap +ve cash flow properties in the country as well as go on a holiday and enjoy yourself.. i dont know.. up to you!

thanks alot.

i’ll let him know[]

u could try http://www.fool.com its american tho, i think it could be helpful, but it has to many pop ups and adds going on. i only have dial up and my computer doesnt like it, and either do i as i dont have time to browse through all the what i call “fluff” (in other words bull sh!t) thanks for the info tho, i’m not a big fan of seminars as i think my…[Read more]

yeah i’ve bought a house with out viewing the S32 and like everyone has said.. its only an offer and not a legal sale or anything as i found out.. almost lost the property to a higher offer.. thankfully everything turned out fine and when the S32 was ready i signed and now i have a +ve cash flow property!

has anyone else been to this talk before???

i’m booked in on the 15th

(thanks for letting us know)

noth’n says education like experiance, lay down a $16,000 deposit and learn for yourself

oh also when dad painted his houses he just got the cheapest paint he could find (basic brand, basic mix) and added a bit of bon-creat into the mix makes it last longer and more durable and also if your walls arnt all that good u wont have to use as many coats of paint.. i’ll try find out the mixture if anyone wants it i think it only cost him…[Read more]

hmm i’ve helped my dad reno 2 IP’s and i used a paint roller and paint brush with ease for the 1st time, id say it’d properly end up cheaper than hiring an airless spray gun (i’ve never heard of this!?) is it just a presure pack can or what? how do u spray the paint with no air??

its only basic but its free, so if u aint been to a talk before, go! otherwise u’ve heard it all before, there was no selling me anything and the lady i talked to didnt offer me anything, see’a had a few properties and i basicly asked her all about them and got some knowledge of her and asked about her stratagies.. so on and so fifth

thats still over $600 a year, if it was different people in there i proberly would use an agent but i think i can trust this tenant (rent insurance will cover me if i cant) so i’d like to give it a go or atleast talk to someone who has done this before, i like to get all angles then consider my position, thanks for your input guys

well i hate to say it but i’ve had way to much experiance in this area, i’ve lost my license a few times, like everyone says in vic its 25ks over in a 100 zone and 20k in a 110 zone.. i think..
my brother is currently fighting a loss of license case as the cops just pulled him over and said you where speeding back there without any speed detection…[Read more]

i’ll take the time to say thanx trueblue (as well as getting that one step closer) [][}]

hmm yeah its call the RACV in vic and RACQ in queensland i think.. i asume its called something like RACNSW.. just look in the phone book or on the net in a search engine