Hi YoungInvestor,

I am currently in the same situation as you.. trying to decide whether to buy an IP or a PPOR. I guess its all about personal choice and what you can and can’t hack. After discussing it with my other half, we have decided to stay living with my parents (as long as both of us can hack it []) and invest our savings into…[Read more]

Hi Robo,

Here is a link to a post reviewing the recently held Ed Burton seminar… Hope this helps…

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5291 [][]

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Who would you want to represent Australia in the “World Idol”? Personnally, i think if the winner was to go up against Kelly Clarkson and the guy who sings Unchained Melody, i think its Gareth Gates, then it would have to be Guy… Climb every mountain!!!! You go Guy! haha [][][]

Cheers,

Jay

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You must stay pOsit…[Read more]

Thanks for your responses… I might take your advice Del and see a lawyer…

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Hi Dirk,

Here is the link to the ABS website for free stats … enjoy [8D]

http://www.abs.gov.au/websitedbs/D3310114.NSF/4a256353001af3ed4b2562bb00121564/2919a5a1811f10014a2563fb00823a53?OpenDocument

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Can the doctor from the PBS prescriptions ad get any more annoying… [}][?][?]

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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I’d like one too please []

j_nejal at tpg dot com dot au

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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I’d love to check it out please…

j_nejal at tpg dot com dot au

[]

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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FHOG = First Home Owners Grant.. a $7,000 government grant to help first home buyers pay for the cost of owning their first home

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Still in School… why are you dividing the weekly profit by the weekly rent?? Your equation should look like this:

Profit yield against the loan = $45.08 divide by $104.92 * 100 = 42.9%

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Be careful with the wooden post BSS.. They might be cheaper, but very attractive to termites… Make sure you get a pest inspection done…

Cheers,

Jay

**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
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Remember Pinit… you were once a newbie too…

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Great article Stuart. Being a newbie it has really opened my eyes to one of the many pitfalls of financing your investments. I have now even created a spreadsheet based on your article, which checks how a property will impact on a person’s net income position and therefore their borrowing capacity. Keep up the good…[Read more]

Hey all,

The book was Rich Dad’s Guide to Investing where he was talking about the 5 different kinds of investors…

“The inside investor creates the investment”

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Hi Mitch..

I posted that same question about a week ago so here is a link to the answers that I received… Happy Reading []

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4617

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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Hi Schumacher,

My guess is you probably did the same thing as me after reading the book.. got all excited and went on the internet to look for positive cashflow property. Well it seems that to find these positive cashflow deals you need to put in the hard yards in terms of research and due diligence… My advice to you would be to read through…[Read more]

A credit card may be easy, but don’t you incur the high interest charges on the amount as soon as you make the cash advance withdrawal.. Maybe you have a family member that may be willing to lend you the money… Or borrow from people and pay them a rate of interest for using their funds, lets say 10-20% pa (which is higher than a bank) interest…[Read more]

Hello Rocket.. This was Steve’s response on that issue when interviewed by Today Tonight… Hope this helps..

Question: Which is better, an interest only loan or a principal and interest loan?

Steve McKnight: My grandfather used to say no-one ever went broke owning too little, and I’ve taken that advice. For me, principal and interest loans are…[Read more]

Thanks for all the responses… point taken… i must put in the effort (ie go see the properties no matter how far they are) in order to get the results… [^]

Cheers,

Jay

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You must stay pOsitive
…then the cAsHfl0w will come!
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wait …. scrap that last post… this is what the website requires for buying an IP:

Investment Properties
Note: Either condition may apply depending on the lender.

Only 97% loan available (not 100% loan) – so a 3% deposit is required plus costs.

Applicant minimum income of $50,000 per year required and has net assets of $175,000.

I guess the…[Read more]