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Viewing 9 posts - 1 through 9 (of 9 total)
  • Profile photo of SlowboySlowboy
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    @slowboy
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    November 15, 2003 - 12:08 am

    Still getting the hang of this, I expected the email link to appear[:I]

    [email protected]

    Profile photo of SlowboySlowboy
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    @slowboy
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    November 15, 2003 - 12:06 am

    [8D]Hi Bill, as the name says “slow boy”, I have only just picked up on your offer and would welcome part 1 & 2

    Many thanks

    Profile photo of SlowboySlowboy
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    @slowboy
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    September 20, 2003 - 9:30 pm

    Many thanks guy’s I will contact you off line, [:P]

    Ome thing I have found in respect of communication, more so through the forum, is that a good broker should help develop the right fit from asking questions as some times we dont know what we really need, as we dont know what is out there. If they are not asking question it is hard to give answers.

    Once again thanks [:D][:D]

    Profile photo of SlowboySlowboy
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    @slowboy
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    August 24, 2003 - 2:05 am

    Bernadet welcome,

    This sounds like a job for a financail planner, scan down the subject list and look for Crashy, he is offering non profesional advise on such financial structures to gain exposure or experience.

    More info may be required before you get the right answer, such as which state you are in as this may have a diferent bearing on rent yield.

    Looking at Finance, a lender will make a two tier assessment
    1) Capacity to repay debt
    2) LVR approx 80%

    Having your own business I will assue you have a strong cash flow, as you have demonstarted a capacity to repay your original loan. As such with $300k equity you would be eligible to borrow $240k

    The extra income from your PPOR rental will assist in debt repayment, but it is equity at this early stage that will be the primary driver.

    Once you have sevral proerties the driver will shift to capacity to repay.

    I would apply some caution on how you manage rental of your PPOR as you may expose yourself to capital gains tax when you finally sell.

    Good luck

    Slow boy

    Profile photo of SlowboySlowboy
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    August 24, 2003 - 1:39 am

    The concept sounds fine, but the mechanics are another issue. In creating such a concept I believe it would be more effiecent if there was a seperate board for posting, as the discussion board/forum is just that.

    This new board should have a standard template to ensure that adequate facts are posted or irrelavent prompts are not added. The final requirement is a legal disclaimer to indemnify the remitee and site.

    Your idea is brave, bold and brilliant. This is what set achievers apart from the pack.

    Slow Boy.

    Profile photo of SlowboySlowboy
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    @slowboy
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    August 24, 2003 - 1:08 am

    many thanks, it sounds as if this topic has created a bit of interest, I noted that Tim has raised it as a question to the forum.[:D][:D]

    quote:

    the 11 second rule is explained in the book (0-130 properties….)
    basically it’s about analysing properties for potential positive gearing in a small amount of time (11 seconds)
    whether you divide the rent by 2 then times by 1000 or just times the rent by 500 you will get the same number (1000 / 2 = 500) it’s just easier to times something by 1000, you just add the three 000’s to the “rent per week” that has been divided by 2.
    e.g. $100 per week divided by two is $50 per week, $50 x $1000 = $50000, thats a quick way of calculating whether the property will meet the criteria of 10.4% return pa.
    [:D]

    Profile photo of SlowboySlowboy
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    August 22, 2003 - 11:44 pm

    Sorry guy’s I must be slower than Kimmy[:0)], I havent heard of the 11 second rule, nor could I make sense of the multiply my rent by 500[:I], can someone help with my education.

    Many thanks.

    Profile photo of SlowboySlowboy
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    @slowboy
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    August 15, 2003 - 9:50 pm

    quote:

    Hi Slow Boy,

    Welcome to the forum [:I], it must have taken some courage to finally write a post [^]
    The hardest part is over, now you can get in here and ask away……

    A PPOR is Principle Place of Residence, if I remember correctly.

    That’s great to hear that you have 4 IP’s. Have you had your 4 IP’s valued? You might be pleasantly surprised, they could have equity that you didn’t know you had [8)]

    Welcome again and I hope to see you around asking lots of questions..

    Have a great day!! [:P]

    Becky

    Invest in People for a Prosperous Future!

    Profile photo of SlowboySlowboy
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    @slowboy
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    August 8, 2003 - 10:22 pm

    I am a bit slower than most in this fiels, I have been recieving the news letters indirectly for 12 months before registared and it has take 3 months to be brave enough to access the board. This is a first go at logining in or submitting, so I hope it works.

    I am not sure what a PPOR is but can guess it’s your private residence. Inclusive of my PPOR I have 4 two in Vic 2 in QLD, struggling to find equity to continue.

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