I conceded and sent the sheet to Dave Ward after all.  I will learn in time but for now I just want to know the outcome.

Freckle wrote:
See this thread https://www.propertyinvesting.com/forums/finance/4346478

Initial investigation looks as though thats perfect, thanks so much for that.

Guys that is exactly the sort of thing I am looking for.  The formula for the interest only mortgage is simple enough to understand so I'll implement that myself and try and digest the other one too and if I get stuck I will definitely send it your way and as for the link I have not had the chance to look at that yet but I will.

So that is the…[Read more]

As I understand you can buy a plot of land and build to defense housing specifics and then rent it to them with the same perks and as a result you could get all the full depreciation of a new build which I have just learnt about and but in your chosen area so long as it suits the defense.  If this is true you could avoid the hang up of having to…[Read more]

Firstly, thanks very much for being encouraging more questions. I have used forums for many things in the past on different subjects and have always felt that there is someone at the other end thinking    "AAAAARRRGGGHHH, have you still not got this?, I don't want to explain it again" so thanks again.

Your absolutely right I had been doing my…[Read more]

Thanks Jamie, that makes a lot of sense but doing the maths my way it doesn't come out as much difference either way unless I am missing something.  Lets see if I can explain my point the way I understand it without making this too confusing.

If you do as you say in the article and pay down the loan to $100k this means you are now bringing in…[Read more]

Catalyst wrote:
Hi, the house won't cost you $74,880 to buy a $400,000 house. That's how much on top of the $400,000 to buy it. 

Hi Catalyst.  I was basing that figure on how much of my own money I would be using to buy it based on the fact that the tenant would be repaying a repayment mortgage for the rest of the money.  

So I need to…[Read more]

Hi Richard 

thanks for your comments.  I'm interested to know why it is that you are investing in the UK if you are residing in Oz.  As I think I said above, my current rental property is in the UK and I hadn't really considered another one there although they are cheaper there and would suit my current aversion to risk and lack of knowledge…[Read more]

Catalyst wrote:

wilko1 wrote:

But as I said if the PPOR you are living in now will become an IP STOP paying it down otherwise you will have another IP with no deductable debt.

Hi again as a newbie.  This little quote reflects my inexperience as I would have said that if you get rid of the principle as well as the interest you eventually…[Read more]

cbarry wrote:
Yes, you're right Freckle, I don't have a complete understanding of either, hence why I am doing my research reading, talking to various people and interacting on this forum. I am definitely ensuring I get an understanding of "The game" , to extent that my broker told me to stop over analysing everything and just simply buy…[Read more]