INFOCHOICE

Click onto Infochoice as there is some helpful calculators there as well..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hi Shelley,

What is your LVR and DSR?

Will servicing the loan be a problem?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I think adding “contract subject to this being approved by council first” is fine, however you would need to add something such as that the contract will be signed x days after this is achieved or some such thing..as who knows how long it will take to get council approval, so how do you set a settlement date?

and also to add a finance clause;…[Read more]

Thanks Calvin..looks great to me

I also had an e-mail from someone saying they allow 33% of PAYG income Plus 75% of all rental income.

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

:

.

Hope that works and at least its safe..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Originally posted by calvin@thirty4:
Psychiatrist,
are you trying to find out what you pay/ And/or what penalty interest late rental payments incurr?

If you are only looking for tracability? It is easy enough to set up an “Agent ID” on a deposit book with most banks. What it does it allows several different agents (read Tennants or REAs)…[Read more]

I thought they allow a certain % of your PAYG Income , plus a % of any of your rental income; If that figure is greater than your loans annual repayments they are happy..

however, the banks may have different ratio requirements?

Any of the brokers able to assist here?

“Money is a currency, like electricity and it requires momentum to make it…[Read more]

This time of the year is prone to flies anyway isn’t it??

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hmmm..

Off the top of my head..

1- Build your Team

By this I mean find a good broker, accountant and ensure you have other investors upon whom you can *bounce* ideas off (such as this forum [biggrin]), as someone said, you should not be the smartest person in your team (however, question everything and learn along the way..which brings me…[Read more]

Post some numbers for people to assist, have you had a QS do a depreciation schedule?

Have you filed a tax variation form?

More Info = More Help..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

It makes cents to become rich and happy?

Have you ever read “As a Man Thinketh” by James ALLEN, over 100 odd years old and a great read.

Not only that but “Applied Knowledge is POWER” the forum and many members can attest to that

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency…[Read more]

RAMK, It’s definetly woth getting some inside info from CATA on the best structures, also search this forum..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

And you pick of the bunch Richard ;o)

They usually seem to take it in turns being market leaders..maybe go contrarian??

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Agree with sending a PM to QLD007..he’s been helpful to me..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

CGT is also applicable to your income and personal tax levels for the FY isn’t it?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Cyclist..I dont think you can”flip” these blocks (clause in contract)..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hi KP, Marisa etc..

How ARE you affording all these blocks???

Are you “flipping” a lot of them, how about costs incurred etc??

My moneys getting tight, but I’m still looking ;O)

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Agree, I enjoyed it as well

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

IMHO could be worthwhile..

Interesting ways of doing it with SMSF also..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Or..

Post general information here for various Mortgage Brokers to give an opinion..

Michelle, are your properties cross collateralised, maybe re-financing will free up some money to allow you to invest more?

Have a look at http://www.loansapproved.com.au (Ed NIXON) for a great article re X-Collateralising.

Re-Jigging your position can do…[Read more]