HHhmmMmMm.. so.. help me out here…

Queensland would be a much better place to look for positive cash flow IP yes?

and whats that about land tax? letting fee?

Thanx, i’m still a newbie.

Financially Independent = Gateway to FastTrack

Hi guys,
What’s needed to qualify for a lodoc anyway?

Financially Independent = Gateway to FastTrack

Hmm..

Hey Derek, do you mind explaining wat ‘savvy’ is? and the concept of line of credit?

Thanx in advance

Financially Independent = Gateway to FastTrack

guys? girls? According to http://www.reiv.com.au/information/pg_info_calc.html
QLD pays more stamp duty than NSW, is this true?

Financially Independent = Gateway to FastTrack

Oh nice, where did u get that review from?

Financially Independent = Gateway to FastTrack

btw according to the calculator that georgisj gave, QLD pays more stamp duty than NSW?!

Financially Independent = Gateway to FastTrack

Hm.. thanx guys.

I’m looking for an investment property in QLD for B&H and maybe wraps.

Financially Independent = Gateway to FastTrack

…..

Financially Independent = Gateway to FastTrack

To qualify for loans such as the ‘loDoc’ or ‘noDoc’, do they only need the average income and a substantial amount of deposit?

They dont need things such as proof of bill payments and stuff?

Sorry if I sound ignorant, i’m still learning.

Financially Independent = Gateway to FastTrack

hm… yea.. I’m well aware of those…

Its just that I just started on my self-employment… and I know that its gonna take time for the lenders to approve me. Even then, I still wanna learn as much as possible whilst gathering up the cash and building up some good income statement to convince the lenders.

This is one of the many resources that…[Read more]

Hm.. all in all I basically understood what everyone was saying, and that there is this convention of charging rents on a monthly basis.

I also understand the importance of analysing the clauses carefully…

but I’m not too sure if I understand the following:

Originally posted by elves:
1 year, with option to resign at 3+3, so first year if ok…[Read more]

So we should only have a banker/mortgage broker?
Whereas we can have a different conveyancer, solicitor, etc according to the locations?

Financially Independent = Gateway to FastTrack

the difference in a year.

Financially Independent = Gateway to FastTrack

Hmm.. interesting..

and part of the reason why I asked whether it matters if its paid monthly or weekly is… if you get paid monthly… you only get y x 12 = 12y. if you get paid weekly.. you get y/4 x 52 = 13y. A month worth of lease difference.

Anywayz… I’ll do more research on this. thanx peeps.

Thanx guys,

Thats what I thought too… damn mortgage choice… >.<

oww.. i get it… Thanx peeps .

Hm.. good point guys .
win/win situation huh ^^, thanx.

Hm… I understand tender and stuff..

but for the deposit bond… is it like a … um… “promise” in a way? but it needs an approval first right?

Wow.. very detailed information guys ..

I understood everything except ‘trust’… What is a trust?

And btw, if you’re pre-approved already, why do you need those current pay slips and stuff? And the thing with me is that I’m mostly self-employed. Hmm..

But thanx for the insight, i’ll be sure to save all those information. [^]

I know that no-one has said it… I was just making a conclusion from all that and ponder if I understood cap rate properly or not.