HI all,

Well yesterday we discussed the issue of LVR and as Michael (my hubby) explained, it was trying to convert personal debt into investment debt. There are tax implications, which (taxation) is an area which is something I wouldn’t touch with a ten foot pole. It really is not my area of expertise. Most of you know I come from a medical…[Read more]

Hi Michael and Kaye,

It’s very nice of you to share your spreadsheet with us.

Cheers

Sooshie []

There are no problems, only solutions

Hi all,

Insider, I think I win hands down with the number of spelling mistakes [].
I think my husband has decided on 20% LVR, as cash flow is better p/w this way. Our accountant suggests this way, so who am I to argue [] I honestly would rather leave the figures to hubby. Personally for risk minimization I prefer to do it at 10% LVR.

Horses for…[Read more]

Hi Terry,

We fund the deposit from our equity on our house which is at one interest rate and then we take out a new mortage on the new property on the best rate we can get.

Now please remember that the finance side is my husband’s role, not mine, I hope I haven’t confused anything. []

Cheers
Soosh []

There are no problems, only solutions

Hi everyone,

I can vouch for what AD (Andrew)said.

quote: In truth though there is nothing like trudging the streets for yourself to get a feel for the area and if you like it or not. I always go somewhere for a while before I buy. I like to know the place and feel it’s “vibe”.

I sent my friend to look at a house advertised on the net, in an area…[Read more]

Hi Darryl,

I didn’t see any reply posts, but was wondering if you have found accomodation yet?

Cheers

Sooshie []

There are no problems, only solutions

Hi Quasi,

I’m with you…[]

Cheers

Sooshie []

There are no problems, only solutions

Hi Jireh,

Actually, I’ve heard some not so nice reasons why prices have gone up [], but I’d rather not start a debate going at PI forum. [8D]
I heard that about infrastracture of a fast train happening in a couple of Victorian townships, but by the time I did my research, the house, land etc had been snapped up. Left overs were at laughable…[Read more]

HI Insider,

That was my thinking aswell. I should clarify that the deposit is funded from an account bearing an interest rate of 6.75%. Therefore I thought that if we pay mortage insurance, we would be allowed to only put in a 10% deposit and fund the 90% on a 6% interest rate (the new mortage).
I’ve been told by numerous accountants that they…[Read more]

Hi all,

This one’s from EssyKay, for QLD investors Valuations and Property consultants

http://www.acval.com.au

Thank you EssyKay

Cheers

Sooshie []

There are no problems, only solutions

Hi again,

There has been many questions regarding where to find Positive Cash Flow Properties. Well, depending on where you live you might want to start your research by selecting an area to look at. It won’t hand you a positive property on a platter, but if you find a place and want to know where it is on the map before travelling the…[Read more]

Hi all,

Another very neat property link

http://www.propertyguide.com.au

I like the layout and clarity of the site. Very simple to use.

Cheers

Sooshie []

There are no problems, only solutions

Hi all,

Thank you Michael for clearing that up. I should have been more clear from the outset [].

My forte is finding the houses, doing basic sums etc.. The finance side is hubby’s job. I don’t have much patience for this side of the work. To bland []

Cheers

Sooshie []

There are no problems, only solutions

Hi there,

This link is courtesy of Quasimodo (original post source : Stamp duty : author :Agent69)

http://www.stampoutstampduty.com.au

Well worth looking at and sending off your letter to local member.

By the way, do you prefer knowing where the source comes from originally? Or does it not really matter? Like to hear your views.

Cheers

Sooshie…[Read more]

Hi Quasi,

That’s a great link, including the stamp duty calculator. My letter is off to my local member.

Cheers

Sooshie []

There are no problems, only solutions

Hi there,

What I was referring to was when wrapping a property, you offer a product to client and you have IO loan. As I said, I wasn’t 100% sure if this was for certain as I also couldn’t understand why if institutions offered IO loans why it would be illegal??? Definitely for further research.

Cheers
Sooshie []

There are no problems, only solutions

Hello Agent 69,

There is a section on the PI home page called ‘Web Links’ if you visit here, you will have a number of links which will be able to help you. There are a few broken links which are currently being investigated.
To answer your question about stamp duty, there is this link from infochoice which is…[Read more]

Hi Fullout,

A little birdy told me that Interest Only loans are illegal. Perhaps check it out as I could have misunderstood.

Cheers
Sooshie []
p.s. Good luck with your investments, it’s good to see your doing something. [^]

There are no problems, only solutions

Hi,

I’ve seen the same sort of price jumps and agree it has gone crazy… There is however a coastal township where the prices have had only a very modest rise and the CG has almost paused. I actually am having trouble understanding this, as compared to other places, these houses would have been already around the 180K-250K mark, just because of…[Read more]

Hi there,

Thank you for your replies. The BIG problem here was ME. Mea Culpa Mea Maxima Culpa[]. Before publically flogging myself, I should mention that the ‘house’ was being supervised (so to speak) by another party, but ultimately I did NOT do my due diligence and hence time slipped past until 6 months had gone and hey presto 100% Vacant,…[Read more]