Allan,

I am truly sorry to hear about your father passing. However, my position remains the same. I do not tread on eggshells in any situation as I believe the truth is always more important than anything else in life. If you consider this self-righteous and immature, I pity you even more.

By the way, I did read and comprehend what you wrote.…[Read more]

I hate unions. They did a great job 20 years ago and the Accords were fantastic but they have gone way too far. If you think lollipop persons get paid too much, check out the wharfies!!!

There has to be a happy medium.

TMA
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Deposits have absolutely NOTHING to do with agent fees. An Agent does not get paid until settlement. Securing a deposit does not mean a property will settle.

TMA
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I would also ignore those terms and look at the land size and ask the local Council myself. For example, a “duplex” block is not a duplex block unless it is approved by Council. Approval is never guaranteed!

TMA
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I don’t know if it is a “magnet”… maybe the belly is just so big they bump into it. Probably more of a ‘dodgem car’ than a “magnet”!

In any case, I am more than happy with my girl!

TMA
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COULD BE ARGUABLE… then again??? ))

TMA
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I thought I should add a bit more just to demonstrate my point…

Why earn 5.50% and pay tax on it when you can save 6.50% by parking money in an offset and get to your next property sooner while maximising deductibility when you take the money back out?

Just so you know, if negatively geared, paying out the 6.50% can only recover less than…[Read more]

I find that most things people ‘show you’ for hefty fees is freely available on the Internet. As Kay often says, “GOOGLE IS YOUR FRIEND!”

TMA
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They said mobile phones were totally safe yet we are seeing a major increase in headaches and stick cancers!

I remember asbestos was also once considered safe!

TMA
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It is PPOR which means Principal Place Of Residence. Do a search for abbreviations. A huge list already exists.

TMA
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I don’t think anyone got ‘hammered’!

TMA
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I am getting out of all direct property investment and re-investing indirectly or in alternative related investments.

TMA
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This is very old. You should see what they have been doing for years in Sydney. I think these idiots are half breeds with a spider!

TMA
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Depending on the lender and what is needed, it can be anything from $0 to $1,000. Other factors may pose a problem – eg: if you have a fixed rate.

TMA
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You sort of have it right.

I would do the following all at once…

PPOR – 80% LVR
Loan 1: $172,000 (Non-Deductible)
Interest Only Loan with Offset Account

IP 1 – 90% LVR
Loan 2: $53,000 (Non-Deductible)
Interest Only Loan
Loan 3: $203,500
Interest Only Loan

IP 2 – 90% LVR
Loan 4: $57,600
Interest Only Loan

Once all loans are covered and the…[Read more]

Hi Megan,

You do realise my name is NOT Terry don’t you??? ))

He is a broker on this site using his own name.

TMA
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Uncrossing properties is easy to do if each one stands up on its own. In your situation, this is not the case. One of your properties would be over 100% and the other much less. Even if you spread the debt, they would still be over 80% LVR.

BankWest do lend more than 80% LVR with LMI but you can always go elsewhere if they will not help you. You…[Read more]

http://www.fhog.info

TMA
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No. You can only get a refund when you sell.

TMA
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It is hard to say. It depends how much cashflow you have to put through the offset account. As mentioned earlier, you should also look at how much you can pay as extra payments to your fixed loan each year.

TMA
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