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  • Profile photo of RyderRyder
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    @ryder
    Join Date: 2003
    Post Count: 8
    November 4, 2008 - 3:23 am

    We did just what you have done. 

    Lived in a flat, renovated it , remortaged  and then moved out and rented it.    It wasn't a deliberate policy, but came about due to an unexpected relocaction interstate.  However, we just rented the place out and  claimed the Interest portion of the mortgage as expenses.. 

    One tip.(that caught me out.)  When you move out get your property valued.  If you claim another place as your PPOR and this one becomes an IP then when you eventually sell the capital gains will be based on the value when it baecame an IP.

    Profile photo of RyderRyder
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    @ryder
    Join Date: 2003
    Post Count: 8
    April 29, 2004 - 6:26 am

    I needed to do this and the only way was to remortgage the house. My existing building society wouldn’t touch me as I no longer earnt pounds (having moved to Austrlaia) , so I had to go to another lender and becuase I was now living in Australia I had to get an ex-pat loan. Then all I had to do was prove an income. However, I still managed to get a good discounted rate for 2 years.

    Look at http://www.themoneycentre.net/ or just do a search for buy to let mortgages.

    Profile photo of RyderRyder
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    @ryder
    Join Date: 2003
    Post Count: 8
    September 22, 2003 - 2:29 am

    I would also be interested in having a look at this (though I may be a bit late in the queue !!!)

    Please E-mail [email protected]

    Thanks in advance.

    Profile photo of RyderRyder
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    @ryder
    Join Date: 2003
    Post Count: 8
    September 18, 2003 - 2:37 am

    Sounds like fits with the 11 sec rule.

    130/2 * 1000 = $65,000

    I know people are pretty keen to find such properties (might be an understatement !!). Have you thought about offering it for a finders fee ? That could go towards the deposit for the next one you find !!

    Profile photo of RyderRyder
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    @ryder
    Join Date: 2003
    Post Count: 8
    July 29, 2003 - 1:44 am

    Look at

    http://www.simplesavingsecrets.com.au/

    The problem is you have to pay to belong – 1 year membership is $27 !!
    They do have some free stuff though.

    I have to admit that I don’t belong to it so can’t personally recommend it – I just came across it the other day.

    Profile photo of RyderRyder
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    @ryder
    Join Date: 2003
    Post Count: 8
    July 25, 2003 - 6:55 am

    In the interest of a balanced view I am not saying the course itself is bad. Just expensive and I just hate the hard sell that seems to come with it.

    I have also met people who have had a huge amount of success following HK’s strategies. One is a multi-millionaire just 18 months after doing the course – the 15K course fee has been paid back a 100 fold for him.

    As I said in my previous mail if nothing else the course has given me lots of ideas and has given me the right mindset to get my head down and start researching all of this.

    I just hope that in a years time I can also mail this forum saying how successfully I am used his strategies [:)]

    Profile photo of RyderRyder
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    @ryder
    Join Date: 2003
    Post Count: 8
    July 24, 2003 - 6:53 am

    I have recently done the NII course and am pretty torn as to whether it was a good thing or not. It certainly teaches you many new (well new to me at least) ideas and at least I have now got the mindset to start investing in earnest. Before it was just vague ideas with no action. However, I just HATE the way most things with NII turn out to be a big sales pitch.

    PCG is a typical example, but another was on the initial course. Having spend hours telling you to do your own due diligence and research, this other related company, E-property, appear and suddenly it is ‘Don’t bother with the hard slog. Let us do the work. For $195 per month you can access all the due diligence information you need on-line at the touch of a button.’ Oh – except the really useful parts then cost more again.

    So there you are having spend $15,000 and they are trying to get ANOTHER $195 a month out of you. Then the worse part was the hard sell with all the typical tactics. “This is a very special offer – what we are offering is worth $12,000 – it will NEVER be available again at this price.” – and people were flocking to sign up.

    Then you turn up to a VIP night to hear a sales pitch from PCG. You start getting cynical pretty soon.

    So on balance the course has some very good information … but whether it is worth $15,000 is highly questionable.

    What I would be interested in learning is how Vluu managed not to pay the full 15,000 ??

    Kate

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