yeah keep up the education, I am still learning about it.  There is a bigger risk buying commercial than residential isn't there? especially if the tenant takes off and you have to wait a while for a new tenant.  How much capital should you have behind you just in case.The deposit is usually 30% is that correct and then borrowing costs etc and h…[Read more]

Thanks fatboy I am just sitting on this at the moment because of credit issues but maybe a few years I will just build another house at the back and the rent should cover the build cost and subdivision costs. So Interesting times ahead. Would you suggest just a standard 3×2

That's interesting Richard I wonder how the Investors Club are then pushing that angle on live of equity forever.

Will this make Living off equity in the future a harder thing to achieve?  How will it affect others who are currently living on equity?

What are the current rates for pro pack discounts anyway?  I am currently paying 7.79% for IP and waiting to hear about the discount which maybe .65% but not sure yet.

No I will have to get the latest cuts from RHG and then run the figures again to see if it is worth it. Do i still get a rebate if i leave RHG and go to Westpac or RAMS?

I agree pay down PPOR non – deductible debt first then concentrate on borrowing more for IP's and managing your cashflow like your own business.In time inflation will eat up the debt, though it will take a while.

Still talkin bout cars – I still driving my 99 Daewoo – A coupla guys had a bit of a dig at me for driving it… But funny that they are both renting paying off $40K plus cars and I have 2 houses….. me thinks they are not to smart.

yes the rate goes down to 1.5% this year now.  I am not sure if i should sit out and wait until end of Sep 09 before i refinance again.  But hoping that i won't miss out on the lower fixed rates so i can fix for 5 years.

What rebate are they talkin about and how much  I am stuck until Sept 09 and got to pay about $12k all up if i leave.  hmmm what to do!

I hope rates go lower than that   Do you think they will go lower than 6% for 5 years?

She must be fightin on my behalf lol – I will pay at least 12K exit fees also.  It is a terrible rip off! Will not be using any non-conforming lender in future.. Also it stiffles competition when there is a monopoly on the banking system.  Why don't Chinese banks throw some money our way they got plenty haven't they!They could easiy buy our n…[Read more]

A Melbourne woman is taking on a mortgage lender over claims of â??unconscionableâ?? high interest rates and â??excessiveâ?? exit fees.Emily Hamilton is taking RHG Mortgage Corporation (formerly RAMS Mortgage Corporation) to the Victorian Civil and Administrative Tribunal (VCAT) after the lender told her she would have to pay $12,000 to exit her…[Read more]

Daewoo Nubira update –  Car is 11yrs old and done 270,000km I am goin for 300,000km then might buy another car.  or another IP by then L)

Yes V8 that is what I have to do.  Just got sit tight until Sep 09.  Then i am outta of there neva go bak to another prik lender like these companies again. I got really ripped!  Just heard that RHG only passin on .65 of the 1%cut!

That was just recovered from the yahoo site!

Just spoke with R.H.G. Dec 5th was advised that the rate cut arising from Tuesdays RBA Cut of 1% is only .65%.I said-"why so little"?, the reply was-"that is the amount that the directors decided was viable to pass on"." because their money comes from overseas they have to pay higher rates and the RBA rate doesn't have a bearing on the rate that…[Read more]

This is what i got from yahoo Site! – RHG ripping us off as usual!Just spoke with R.H.G. Dec 5th was advised that the rate cut arising from Tuesdays RBA Cut of 1% is only .65%.I said-"why so little"?, the reply was-"that is the amount that the directors decided was viable to pass on"." because their money comes from overseas they have to pay…[Read more]

Thanks Richard I don't know of any firms here in Perth that really understand Investment structures for property and shares etc.  I would like to meet face to face and ask alot of questions. Do you know any firms in Perth that you can recommend?

sorry Accountant – spelling error