I have just bought an ocean front townhouse with great views that needs some renovation work (turn from 2 bed to 3 bed). It is not positively geared, but I like the idea that one day we can live there and rent it out over the holiday period for extra income…we simply use this time for our holidays.

If you can afford a property like this, and…[Read more]

Ah, something to aspire towards! It’s time to work towards my next I.P. Next storm I’m out there looking for sheds that have blown away, and will start saving up for a couple of long ladders. I have a few square metres of land spare, so I feel I’m on my way.

Michael, great minds must think alike

Valiant Wagon, it is rare to hear from someone who has (I assume successfully) traded the stock mareket for 30 years. I lost money in it back in the tech crash, but since then have taught myself charting, using mainly volume, trend, support/resistance and the rsi (this helped me know to at least get out…[Read more]

Our Loans manager suggested this to us to ‘bump up’ our borrowing power (bumped it up more by reducing our credit card borrowing capacity). All we needed to do was to get a letter from a real estate office stating what they believe it will rent for.

The loans manager stated this is fine as at a pinch we COULD actually rent out our PPOR and live…[Read more]