@ Daniel

Just been reading through this thread. My heart sank when, back in December last year, you wrote:

daniellee wrote:
FYI: The accountant I will be meeting is Nancy Keep. Noticed that she was recommended by some Melbourne-based forumites in the past. Keep everyone updated.CheersDaniel

My girlfriend and I had a really bad experience with…[Read more]

I’m not sure about selling your PPOR to a trust, although it sounds like a brilliant idea! Let me know if you find out. With regard to negative gearing, I can answer that one. There are three kinds of trusts: unit, discretionary and hybrid (broadly speaking). My understanding is that the unit trusts offer negative gearing benefits but no asset…[Read more]

Much quicker. With the interest rates at 8.67% last year, it was going to take at least 5 years to pay down our PPOR mortgage. With our new strategy and rates at around 6%, it’ll take well under 2 years.

Of course. The renovations company is actually a subsidiary of the buyers agency, as far as I know. At least they occupy the same offices in Melbourne. The buyers agency is called “Metropole” and the renovations company is called “Central Renovations”. I know for a fact that Metropole has an office in Sydney too so you could give them a try. They…[Read more]

What we did was get finance for our house and the 3 IPs at 95% LVR and took the hit of LMI on all of them. The advantage of this was that we kept as much of our equity as we could. We split our home loan into the existing residual mortgage and also into an investment loan and they helped us set up a structure that rapidly transfers the equity from…[Read more]

This is our strategy…

First: realise the equity in your home (if you own one) by refinancing as much as the bank will let you and take the hit of lender’s insurance. Split your loan into two – one for your home repayments and the other for your investments. Use the investment portion to pay for deposits, stamp duty, repayment shortfalls etc. As…[Read more]

I agree with all of those saying YES!

We’ve bought our first three investment properties, all in the last 3 months and all within 7 km of Melbourne CBD. Our strategy is to buy the worst “median” property in the best street/suburb, renovate it quickly and rent it out. The first one we bought was already renovated by an over-capitalised developer.…[Read more]

We do and, whilst I can’t comment on his competition, I can absolutely recommend Andrew and his team. With their help, we have catapulted ourselves forward and have managed to buy 3 properties in under 3 months, all within 10 km of the CBD. What’s more, with the next interest rate drop, they will be negatively geared and positively cash flowed!…[Read more]