i use the loan that margaret lomas talks about, i actually had destiny financial solutions set it up for me. i find it very useful. and even flexible.

we have a st george portfolio loan, which allows up to 10 sub accounts. the first account is for my PPOR, where all our pays and rents go into, and where we pay our interest on other loans from.…[Read more]

i think something that hasn’t been mentioned but explains why people would pay, for example $200pw rent, is lifestyle.

lets say someone wants to live in a nice, near city, cafe strip townhouse in perth, they pay $250pw. the place is new, very nice.
if they wanted to buy the same place it would sell for approximately $350000+. So, because i don’t…[Read more]

if i saw 850+ my maximum would be 850, and i’d be negotiating down….phew, and a rent of $1700pw. hehehe

well it’s a forum, so i’ll add my little bit.
my wife and i are investing and have been for about 3 years now. our good friends, are still our good friends. but in what some have said, you lose friends, in our case it’s not so much losing friends as it is not seeing ppl as often as you used to. some friends we see every 3 months or so… and…[Read more]

yes, well, we have had two bad experiences with PM’s, one within a RE agency, one a dedicated PM company…. so we
looked elsewhere and when you look for something, it comes
to you…. through conversation we were put onto a lady who
does Landlord Consulting. very good. very thorough, can’t complain at all. JMAC Landlord Consulting. worth a…[Read more]

whether i am just repeating what has been said, i think where some of the confusion might be in the whole +cf and -cf saga, is that one person is thinking cashflow in terms of after depreciation and deductions and the other (SIS) is talking about rent versus interest, before expenses and depreciation, this is how i understood what he said.
and…[Read more]

i think what was being referred to in that section is the strategy that involves buying, for example only,
10 properties, interest only, and when you are ready to retire from the workforce, refinance and redraw funds using whatever capital growth you have gained in the last year or so, and live off of the borrowed funds, as long as you never…[Read more]

delayed gratification isn’t it, we are doing the same, all with the goal of enjoying life to it’s fullest (with no worries of working to make a dollar).
the investments can work for us

http://www.tradersnetwork.org

no offence kay henry, but you seem to take posts very personally. i didn’t see someone call people who read papers ignorant. all that’s being said is, never to follow what is said on tv shows and headlines papers 100%. you need to do your own due diligence and research. same with reading books, or ppls posts. the only thing is the %age of ppl…[Read more]

the younger ppl of these areas can’t wait to move out, i was born and lived in manjimup and my extended family still live there, it’s a great area, but they survived on the mill industry for years which is now almost dead. most ppl are moving up to bunbury or perth for job prospects. there is only a handful of shops and ppl are settled in there…[Read more]

well, thanks for your replies.
we are more than likely going to stay where we are for now, and use out equity to get into some +ve IP but we are also looking at businesses. we need cashflow to pay down our debts fast, our plan is 4 years to retirement. we need to be able to invest in as much +ve IP as possible and pay down as much debt as…[Read more]

are there any tax implications or legal issues if the people are paying “board” to you instead of “rent”?

a relative of mine believed you had to stay in the property for 12 months, but then rang to find out about it, and it just had to be proven that you had lived in it for a period of time, a couple of months after buying the place, he rented it out, and everyone was happy. examples given to him by the FHOG ppl that he spoke to was that you had all…[Read more]

it’s good to watch these news stories, they can affect the market in that the casual investors who don’t want to do the research will act upon the tv and papers and go into buying or selling frenzies as per what they hear. a lot of people will panic. how many ppl have you had conversations with, who are looking at investing, but heard on the…[Read more]

some taxi driver i know work with another person, two ppl, two 12 hour shifts, over 1 million kilometres per year. if you’re willing to work your butt off, you will get paid. how many ppl do you know that work 12 hour days, 7 days a week, almost 365 days of the year…????

then again, who’d want to!? bah!

or you could speak to some ppl on this forum about a vendor financed purchase?!?!?!?

you have a deposit, you want somewhere to live. you could be looking in the right place!

try another lender?

or use a mortgage broker…. they normally have friendly acquaintances with certain members of the lending industry….[]

or if you like, i’ll buy your perth property from you…. $10000, seems fair….. bit of money in the bank….hehehe

devilcv8, don’t spo’se you drive a monaro????

SIS i am also using destiny solutions software.
it is simple, straightforward, and, if anyone out there had the skills with EXCEL and ACCESS they could do it themselves.

but why not support a company thats interested in helping you become financially free.

we religiously enter all our income and expenses in daily and it’s good to be able to do…[Read more]

being units in a complex, did you get a depreciation schedule or similar from the agent?
if so, how does that affect your cashflow?

the deductions on tax for the interest alone would be approx $35 per week at the 30% tax bracket. and then you would have the depreciation on a fully furnished unit….

i hope i did my sums right.

if you don’t…[Read more]