It appears to me as though Steve has invested in improving this web site, the RESULTS program, etc. Not necessarily on Property.

Mal

Getting out of your comfort zone, can help you become comfortable

DAB,

You will find that the requirement to pay P&I borrowing above the 90% will have come from the Mortgage Insurer. Some lenders require P&I if borrowing above 80%. It’s just a way of them covering there own butt, in that the assett will cover the money they are lending, which at 90-95% is not guatanteed in a falling market (as parts if Sydney…[Read more]

Originally posted by Mabbott:

Do you feel that your wifes input is very helpful, what does she do in the grand scheme of it all?

Yes, J (wife) is very helpful. If your partner believes in you and supports you, especially when it involves lots of Zero’s ($), then that is extremely helpful. J works a 37.5 hr week herself, pays all household…[Read more]

Hi Michael,

The first thing you need in a marriage is to invest in yourselves. Do the wedding that she wants, take a honeymoon that you will never forget. You are not about to run out of time.

Magellan and wife may not have spent much on their wedding, but that was obviously a mutual thing. Likewise yours needs to be mutual. Forget the concept…[Read more]

The Hart case relates specifically to the use of Split Loan accounts for the purpose of compounding interest.

Mal

Getting out of your comfort zone, can help you become comfortable

A family harrassed on the train at Cronulla, of a tanned complexion, although distressed, had a brilliant comeback.

Turns out the guy is Australian Aboriginal, from Queensland, can’t get more Australian than that. He was quite happy to give the thugs some contacts numbers and names, if they required so desperately to reclaim the public land that…[Read more]

1. Finish my Bsc Comp Sci. – Done. Woohoo (6 years part time).
2. Look for a new PPOR (because we live on what some would consider to be the side of a mountain) – decided we like our place more that anything we can find for similar money. + it still has heaps of potential , fantastic views, in a pretty good suburb.
3. Have a baby – failed – but…[Read more]

ASDF,

What you don’t see in that excerpt is that it also depends on the reason for the loan structure that you set up.
IE. You are suggesting that using a second loan to borrow interest on the first loan, purely to shift debt from personal debt to investment debt and avoid paying so much tax.
Any interest paid on a loan structure set up to purely…[Read more]

Originally posted by nazzysmith0153:
Need proof, the crowd on Sunday turned up angry with beers and protest signs. Pretty pointless if the opposing team had turned up. They would have bars knives and guns.

Thomas,

“Need proof, the crowd on Sunday turned up angry with beers and protest signs. Pretty pointless if the opposing team had turned up.…[Read more]

I’m with you, I think Gary Larson and his Farside cartoons are brilliant. His “Sheep in the night”, was one of my favorites, hence my avatar.
My Family actually call me Hal, after the Deer with a bullseye on it’s chest. “Bummer of a birthmark Hal”

Mal

Getting out of your comfort zone, can help you become comfortable

Diggo & MT87,

You are both doing pretty well for such a young age.
But before you dive in the deep end, you need to do some more research and learn more about property investing. The fact that you had to ask what mortgage insurance was and what the FHOG was is a dead give away.

There is nothing wrong with sticking you money in a term deposit…[Read more]

ASDF,
Sorry I did almost put in my post that I meant all expenses, except interest. You still have to pay that.

There is really only a benefit of borrowing all expenses while you still have a sinificant debt on you PPOR. Once the PPOR is paid down, then start paying off the IP Debts.

Like Simon said it is a slow way of transfering non-deductable…[Read more]

Hi CoG,

Don’t be scared off by Dazz.
Did the vendor say it was cheep? did the vendor mention the water, and that why it was cheep? I bet not.
Chances are, they do not know the extent of the damage, themselves. Before bothering to try and renegotiate, try and establish the extent of the damage and cost to fix (it may have been fixed and what you…[Read more]

Hi Mogul,

If you are not borrowing to pay all of your IP expenses then that is your starting point. It sound simple but a lot of people do not do it.

For example, if your properties are managed by an agent, do not allow them to pay expenses on your behalf out of rent received. Pay it yourself from borrowings. Borrow the money for Insurance, Body…[Read more]

Christmas day with the mother-in-law.
Boxing day with my some what larger family (always huge).
Next day fly out for 11 days in Vietnam and Cambodia.

Mal

Getting out of your comfort zone, can help you become comfortable

I know a couple in a similar situation to this scenario. I envy them.
They spend about 6+ months of the year sailing their 50ft Cat, stopping off where ever they please. They will probably head back to Sydney from the Nth Qld area soon, to avoid the dreaded Monsoons season. Ahh, it must be tough.

I’ve volunteered my services to assist/crew, in a…[Read more]

Welcome JC,

I wouldn’t drive 6-8 Hours just to look at 1 place. Squeeze in as many as you can in the time you have so that you have a very good idea of the value of the place you are interested in, in relation to what else is available in the area.

Having said that, yes 1 trip/ inspection MAY be enough. You can make the Contract subject to a…[Read more]

Sorry Marty, I was refering to Stuck-at-two’s comment above –
“There pathetic, computer programs are written by humans, what if there is a typo!
20c to me is different to 20c X number of customers to them!!” – regarding, not being able to work out how the interest calculations are done.
I develop financial applications, including those pesky…[Read more]

I write those computer programs [computer] that rip you off 20c and everyone else also. But the bank doesn’t see it , I use all those 20c to pay off my own loan. No typo, it’s deliberate. [devil]

Mal

Getting out of your comfort zone, can help you become comfortable

This same topic has been raised in the General Property section under “Doom and Gloom for OECD report” https://www.propertyinvesting.com/forum/topic/21115.html?SearchTerms=Doom+and+gloom+from+OECD+report+

Mal

Getting out of your comfort zone, can help you become comfortable