Forum Replies Created
I felt *instantly smarter* as I knew the answer ..having hear it before (as they say taking IQ tests just makes you better at taking IQ tests) [biggrin]
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’d also suggest Dale GatherumGoss’s books and Ed BURTONS re:Structures
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatorfrom what I’ve seen the differencein areas in china between the “have’s” and the “have nots” are extreme..
Tread carefully would be my motto..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorTry JAFFASOFTS Site..at the bottom of my Post will link you to it..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorI’m with Gross and find myself spending less time here as well..
There are great members on both forums and I visit both..Somersoft also has a preview box so I can “skip” posts I’m not interested in without having to open them
Plus as stated you can attach spreadsheets etc
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIs it only a $4-5k a year saving?
Have you done the sums on all deductions and savings ??
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOhhhh… an on-line bidding war..[biggrin]
Back to you Chris
;o)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorNo we’ve had the opposite reaction (But then again the Market is racing here).
The wife’s Brother was keen on what we were doing and is now up to property number two from nothing two years ago when he was at Uni and working part time.
The in-laws were a bit wary of the debt levels at first but remember they come from a time where “any” debt was considered BAD and today many investors know more than some accountants and many of the numerous bank managers..the bank manager is no longer the pillar of the Community as well -where you had to dress up to the teeth and go and beg for a loan..now..they’ll come to you[wink2]
Many friends say to us that they should talk to us about thier situation, we always say “sure, anytime”..but thats as far as they take it (apart from the bro-in-law..funnily enough he now works for a group that also owns a MortgageBroking company, so he has access to these guys a few offices down nowadays)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThere’s lots of Rent Vs Buy calculators available on the web to assist your decision..
We’ve moved out of our last PPoR’s after a couple of years living in each and doing them up then turned them into IP’s..then onto the next.
The way our system works the best strategy in theory would be where you and a friend buy similar houses in similar areas and rent to each other (Fully Furnished of course)
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by skippygirl:I used an alias and coded various entries for privacy.
Cheers
skippygirl
Great TIP
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculatoradded it to my Kickstart Data..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorJust wondering
Would any of the experienced Investors here buy a Cheap Trust deed off an internet advertised Law Firm or an on line company selling them?
I’m wondering; because I wouldn’t as I’d like to ensure the deedhad it’s i’s dotted and t’s crossed asI’ve heard of people not getting “exactly” waht they needed..then purchasing property through it and coming unstuck tax time..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Mobile Mortgage:Ok Red a few things to consider…..
Are you certain you will require low/no doc finance?
(You may be surprised to find that you do qualify for prime lending)
A local broker who works with another Investor i know thought I could get it via the normal process, we went through ST GEORGE and had conditional approval..the process then got a bit lengthy, they asked for more of the same documents and then after a few more weeks declined unconditional approval..EVERY loan is a battle for me [biggrin] But I dont give up..
Do you have any current exposure to LMI on your existing debt?
(If so then tread carefully with any future self certification via the same mortgage insurer)
NoAre you certain you require fixed rates?
(You seem to be quite active in the refinance/equity dept, break costs on fixed rates may hinder access to unexpected equity for future acquisitions.)
I prefer paying Interest Only..fixed rates just give me that sense of *locking* things in..I see your point though; maybe variable interest only is an option?All loans are not X-d but rather stand alone
Total Loans are still at $640k and values at around $1M + , equity as of late Jan of $365k (all IP’s in WA) and expecting to get all my tax back this year
Some food for thought, Cheers.
Got my Credit Report the other day..LARGE Document considering the loans and refinancing over the last year..St George’s recent inquery is on the list as wellRegards
Steven
Mortgage BrokerMobile Mortgage Market
Ph: 0402 483 216
[email protected]
http://www.mobilemortgagemarket.com.auPLEASE note comments made should not be taken as specific taxation, financial, legal or investment advice.
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIt was ACA from memory and the guy bought it off EBAY (aired the other night)
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorRichard..I believe some Banks may require the Trustee to be gaurantor though in the case of a HDT (maybe other forms of Trusts..I’m not sure) Via a Solicitors Certificate..in the case of a Trustee being a company recently established??
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Qlds007:If you are appy to pay the LMI premium you would be looking at 6.59% fixed for 3 years maybe 6.75% fixed 5 years.
Richard Taylor
Residential & Commercial Finance Broker
**Lodoc Commercial loans from 7.19%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888It’s prefererred to get the LMI then and amatize the costs over 3-5 yrs ?
I’m thinking of refinancing a $80k Loan on a $200k Unit in my portfolio (Paid this loan out in full in Oct then drew against it again for another IP)..thinking to loan an additional $80k to take the loan to $160k and use the funds for another Purchase via a No-Doc Loan
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorIf I put nothing into my last IP and its gone from $290k (+Stamp Duty and costs) to $325k (worth more now)in 4 Months..how do you work out the return??
Loan is $232k and rent is $300 p/wk Fully Furnished (so great Depreciation)Self Managed..
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorThere’s Bikies and then there’s Bikers..
BIG Difference IMO“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorStuart, would it be better to do this type of strategy through a company or a Trust..?
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHow about the interest rates on the;
Lo-Docs?
No-Docs?Compared to the current market rates..I’m looking for Fixed Interest-Interest Only?
Regards
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator
