Hi Mortgage Hunter, Derek and Forum devotees

Thanks heaps. [thumbsupanim]

I logged onto Mortgage Hunter’s link re FHOG and noted Permanent Resident’s DO qualify. Our friend’s issue is that she doesn’t know whether she’s actually classified as a Permanent Resident or not (she’s never filled out any paperwork, but we assume since she’s on Centrelink benefits SOMETHING must be okay by the Australian government). Do you know of any websites we can research the qualifying conditions for Permanent Residency?

Derek, we’ve vaguely heard about “First Start”, but you clearly understand more about it than myself. Do you have any further information about it (eg., websites etc)?

You’re right about her savings ethic. She has $18,000 – $20,000 cash saved up (some in term deposits, and about $5,000 literally “in a sock”)

As my wife and I’ve never done a wrap before, but have 16 “buy and hold” properties (12 positively geared), frankly we’d prefer to go into a mini-business with her in 2 or 3 small +CF properties which would not affect her Centrelink income, but give her a much more attractive ROI. Her cash plus our lending ability plus an added equity percentage as a gift from us over and above the percentage of actual cash she puts up. If we saved and reinvested the +CF profits from these properties each week, we’d soon have enough cash saved up to put down deposits on other properties which she would also get further benefits from, all without jeopardising her Centrelink.

Any further input and comments from you guys would be much appreciated.

Cheers

Greg F

Kay I guess it is a process over time.

My main problem, more than anything else is that I put off necessary tasks like filing etc. And the price I pay is high (too high) as it takes me much more time to find things than if I were more organised.

On the other hand I don’t mind working long hours and I won’t complain about that, mainly because no one wants to hear me moan.

But seriously now Kay, I am trying but am not perfect as yet.

As far as the lecture is concerned I have taken great interest in trying to understand what motivates us (and as part of that why we often have a great lack of motivation), usually to our own detriment.

So, no, I am not perfect yet. but will let you know when I rweach that stage.

I have actually had a call from Bear who wanted to bottle it and sell it to those lazy sods who need it.

I don’t think motivation will work in a liquid form though. [wink]

Pisces

Aliens ? You mean immigrants ?

Nah, the Italian and Chinese marketgardeners are no longer working nor are their children prepared to do back breaking work.

Pisces

Well, I’ve been informed through my solicitor that the buyer has no wish to split the difference – so I’ve told him to proceed with the original contract – meaning the buyer has to pay the full stamp duty amount. Talk about cutting your nose off to spite your face…!! [biggrin]

Cheers,