Total Members: 159,401

PeterG_2

  • PeterG_2 replied to the topic Where to go from here! in the forum No Subject 20 years, 8 months ago

    Dear Shane,

    We cannot offer a solution to your problem as we are in practically the same situation. We too want to concentrate on +ve geared properties but have three -ve geared – but on serviceability we are about maxed out.

    Kiwi mentioned negative geared rescue solution -what does this mean?

    I have jsut been reading a book by Wakelin -…[Read more]

  • PeterG_2 replied to the topic Q for westan in the forum General Property 20 years, 9 months ago

    Dear Weston,

    I would be very interested to know how you are able to keep borrowing to buy investment properties without a job.

    We have a few negatively geared IPs but have reached a point where we cannot buy more due to serviceability. I to wish to resign and concentrate on investing so how do you do it.

    PeterG

  • PeterG_2 replied to the topic To Trust or not to! in the forum Legal & Accounting 20 years, 9 months ago

    Dear Terry,

    I have just been looking into the advantages of a family trusts or other type of trusts for property investment. Is this the sort you utilise and how do they work or operate to ones advantage.

    I have heard that it is better to have a company set up as the trustee with yourself as the director. This all seems very complicated. Who do…[Read more]

  • PeterG_2 replied to the topic Profit Program in the forum General Property 21 years ago

    Iforgot to give you my email address for the spreadsheet. Its been a long day.
    email : [email protected]

    Thanks PeterG

  • PeterG_2 replied to the topic Profit Program in the forum No Subject 21 years ago

    I would love a copy too

    Thanks PeterG

  • PeterG_2 replied to the topic Neg geared – Positive Cashflow IP in the forum General Property 21 years ago

    Dear Mel,

    Thanks for your ideas. I will have to find out more about trusts. I have been reading about them in other areas of the forum.

    My accountant advised us to stay as individuals as there were better tax advantages and less paper work as compared to either a trust or company structure.

    After reading many books from Steves to Jan Somers etc…[Read more]

  • PeterG_2 replied to the topic Anyone else confused with refinancing? in the forum Hotch Potch 21 years ago

    Thanks Mel

    from Peter G

  • PeterG_2 replied to the topic Neg geared – Positive Cashflow IP in the forum General Property 21 years ago

    Hi Everyone,

    I have just been reading all the interesting information on this forum.

    I am fairly new to this but am in need of some advice.

    Our situation is as follows.

    We own our own home and owned a coastal acreage.

    We started seriously investing in property 3 years ago where we purchased 2 negatively geared houses in popular areas of…[Read more]

  • PeterG_2 replied to the topic Anyone else confused with refinancing? in the forum Hotch Potch 21 years ago

    From a first timer on this forum.

    I too am a bit confused about refinancing. When you refinance through the same bank do they give you in cash, the difference between the 80% of the new valuation and the amount of the existing loan owed?

    For example we purchased a property nearly 3 years ago for $140,000 which is now valued at over $250,000, how…[Read more]

PeterG_2

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