Anyone in Melbourne interested in doing this?

I will organise if enough interest is raised.

My email is seagle@egr.com.au or post here!

What the mind of man can conceive and believe, it can achieve.

only problem with the Governmentis that they will make all SD the same by bringing all the other states up to Vic levels!!
I dont like tax[]

What the mind of man can conceive and believe, it can achieve.

Lease with option to buy is very common in comercial real estate. I havent ever done it but I know some small business owners that have done this successfully and I was thinking that this might ease the “never heard of that before” syndrome. Also, maybe some comercial real estate agents can give advise as to how this works best/what to look out…[Read more]

Right! I get it… didnt think of the whole 80% thing…

time to call the bank I think!

What the mind of man can conceive and believe, it can achieve.

ok, so from what Im reading a LOC would be my best bet as follows:

– refinance from 114k (owing) to 220k (as revalued)

– put (220-114) 106k back into LOC

– put all savings into LOC

– Start looking for investments.

Is there a time limit that you have to use the equity in? (ie only valid for 3 months or something)

Do you suffer any immediate…[Read more]

well chris?

dont hold out – last time I looked out the window there were houses everywhere!

(also interested) I assume you have some agents in your pocket… Offer them a cash bonus if they actively look on your behalf or something?

What the mind of man can conceive and believe, it can achieve.

Hi there rodster – I know nothing about trusts but my wife is PA to a senior partner of property at Deacons in Melbourne. I can ask her who you should talk to if you like?

(chuffed to be able to help on a topic I know little about [])

riff

What the mind of man can conceive and believe, it can achieve.

Hi there Ksafik,

Sounds like exciting times for you! but I can agree more with the whole “Budget and save” mantra

Its really boring but it really works!

Ive been reading finance books since I was 18 and plodding along wondering how Im going to make it big in life through investing. Only a couple of weeks ago did it all fall into place:

The key…[Read more]

LOL @ everyone!!!

Gees Bill… you dont take well to rhetoric do ya!
The above IP is not as Hypothetical as I made out… I just dont want to follow crashy’s footsteps lol.

Mel, what is the difference between LOC and redraw facility? I thought they were the same?

Bill, why did you mention the interest rates? would that affect you discion on the…[Read more]

And that there is the problem!!!!

I need a good accountant…

ANYONE!?!?!?!

(the last one I had looked at me funny when I said I want to have the option of retiring at 30, I need one that would have said “right… but given your income you’ll need to…”)

What the mind of man can conceive and believe, it can achieve.

Hi Westan,

Nice idea about using the equity back on the loan to avoid interest then accessing on re-draw… thats exatly the kind of solution this hypothetical problem needs!

Because hypotheticly speaking one wouldnt want to miss out on the opportunity to use the equity!

If you refinance do you pay CGT?

Thanks.
riff

What the mind of man can…[Read more]

Hi S.I.S.

WOW!! are you for real! thats amazing how did you do it!

I have emailed the guys above my details… for your info my email is seagle@egr.com.au

would like to ask you more!

Where are your IP’s ?

what kind of price range are they?

How did you find them?

How did you make your descision to buy?

What the mind of man can conceive and…[Read more]

I read one a while ago:

if you can think it and beleive it you can do it!

I remodeled it to give it a bit of authority as I was going to put it on my business card… my version is below

What the mind of man can conceive and believe, it can achieve.

Hi All,

Great time to start asking these questions. I am trying my best to position myself for when these start falling from the sky over the next few years. I think we’ll see them start comming onto the market end of next year or earlier.

Save save save and look look look.

What the mind of man can conceive and believe, it can achieve.

Hi Tom,

This sounds great. I am in Exactly the same boat. I have been looking for mentors and people at my level for a while now and have had little luck before finding these forums! (I read more than anything!!!)

My wife and I are 25, have one IP in Brisbane that we bought to live in but then moved to melbourne – we now rent in St Kilda and…[Read more]