try wentworth mutual dedicated to property management

Yeah done that also, I might have to refinance as a last resort and increase the debt.  Is that better than selling? I will be eating into my equity though!what are your thoughts on that?

yeah done all that! I have might have to bite the bullet and sell though with a big loss but hey you have to learn sometimes!

Hi John done all that it is new property only 2 years old on  a big block but even when the rent increases next year will still be negative cashflow.

Richard how much would you need in your SMSF to borrow for a property?  Would you need a minimum balance to make it worthwhile, also who do you see about setting up the SMSF so they understand how it works etc.thanks

LOC = Line of Credit

Hi Richard can you explain in basic terms what this means for property investors.  Does that mean we can set up a SMSF and then borrow to purchase IP's.thanks

Try Herron Todd White or Deprowww.htw.com.auhttp://www.deppro.com/

I thought most mortgage jobs were commission only.  What do you think of Aussiehome loans as a provider and employer of training and brokers?

Hi Amanda do you renovate and sell or renovate and hold?  What do you think is the best to build up cashflow also how do you get finance arranged to do this?  I am still learning how to work it out.thanks

Okay great thanks for that Richard.  I won't do that. 

Hi Moosehead did you get a name of the consultant at investors direct who will be helping you?  I to wan to talk to someone who has a lot to offer.

Sorry Richard did not mean to offend the good brokers.   I am in Perth thanks Simon.

Try Investors Direct in Perth PERTHUnit 91, 215 Stirling StreetNorthbridgeWA 6003Ph 08 9328 8877Fax 08 9328 6777Email perth@investorsdirect.com.au

My Tips would be!

1) Don’t ever sell you will lose out in future capital growth like i did before now i will not sell!

2) Don’t buy depreciating assets like wide screen tv’s etc – Wait until you have some many assets you can afford to buy what and when you want in CASH!!!

3) Get your A Team sorted before you buy a property or any investment -…[Read more]

Sorry i am only paying interest only on my own PPOR because i want to later on transfer it to a trust, then buy another PPOR. I have a personal LOC just for personal expenses etc. I also have another LOC against my IP which covers the negative shortfall.

Just wanted to know if any difference between Offset and LOC but now i understand.

thanks.[biggrin]

Hi Terry looking at your answer regarding bringing a wife into the loan for the borrowing for the Trust. I want to ask your advice if i am working full time and my wife is working full time.

Say i want to borrow to buy a house through my HDT i get the loan in my name and then lend it to the trust who in then purchases the property is that…[Read more]

Thanks for the reply. I have 1 PPOR and 1 IP in my own name and want to purchase another IP in a Trust because i want to purchase multiple properties in the future and want estate planning, protection, income splitting etc.

I spoke to one accountant and just can’t get a direct answer or may they are waiting until i join up then they will tell me…[Read more]

Hi Sue (Millionaire in Training)

What made you decide to leave your govt job? I am to in a govt job which i don’t particulary like, though i am looking at starting a part time business to improve cashflow. How much equit did you have before you left your govt job?

And how do you become a full time investor how do you have cashflow to pay for…[Read more]

Anyone know of any accoutants who can do a good deed for HDT’s?

also any good brokers as i am in WA.

thanks