Forum Replies Created
Hi Qlds007….great name that it took a while but if twigged…lol
Is the loan P & I / O, fixed or variable and with whom. ?
The loan i have is an I/O loan and is variable at this stage. I have a relatively small mortgage. House Val $380,000 loan $85,000
Can rent at approx $320 a weekWill you buying a new PPOR in the near future or renting for a while ?
I don't think so i am looking at renting. Reason for not buying a PPOR at this stage is because i would have a large Non deductible debt so i would say i would be better of selling my PPOR if i was to buy another one for myself. Also the numbers look better by me renting.
Do you have any other non deductible expenses ?
i only have a small LOC that is around $20000 just in case type of thing.
So Current PPOR val 380000 Owe 85000 and LOC 20000 NON DEDUCTIBLE Have a LOC investment account attached this is deductible interest.
Also have an IP Val $450000 owe $250000 Have LOC set up but not used yet this would be tax deductible.
Rents $420 a week
hope this helps
cheers
SG
Hi
Thanks for the replies.
I wasn't sure what information would be required. Qlds007 what info would help for a more informed response.
cheers
SGI would tread very cautiously in this type of enviroment. The uncertainty seen has not been experienced by many. There is bad news after bad news from the United states . A few years ago RTs suggestion would've been appropriate.
I would at this time take a conservative approach no LMI.
I stand to be corrected by thats my view.
Cheers
SGWhy is commonsense knowledge always have a cost attached to it.
If you go around and notice people renovating stop by and have a chat the information they impart is amazing and at NO CHARGE.
Its just another way of making money, thats all, these people get a taste via there own investments then milk it.
If you feel you need to pay to get the knowledge you will pay as always no gurantees of success of course.
Cheers
SGHi all
I am considering getting into the mining area. I would like to know what qualifications or licences are needed to get a job driving those dump trucks.
Cheers
SGHi Chris
Thanks for that and well done to bring that together from various sources.
Cheers
SGHi Chris White
May i ask where you sourced that information….
Cheers
SGThanks Amanda
appreciate your replies
cheers
SGHi v8ghia
Could you elaborate on this:The way to do it to decrease your payments AND rate and save $$$ is to consolidate a car debt (or similar) into the homeloan as a split, with the new split loan term at four or five years (not 25 or 30) as the case may be, at the homeloan rate,
Cheers
SGHi Amanda
Just a question:
If one buys property with land say 800m2. Lets say its on a corner and the house is in a position where it is easy to subdivide it in half.Is all of the above the process to have to go through, for just one diviision of land.
Cheers
SGHi Amanda
Just a question:
If one buys property with land say 800m2. Lets say its on a corner and the house is in a position where it is easy to subdivide it in half.Is all of the above the process to have to go through, for just one diviision of land.
Cheers
SGHi Steve
Have bought the book via internet and should get it Monday in the mail.
I envisage it will be a great read.
All the best
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
HI all
Interesting this asbestos topic as i have thought about all those positive cashflow properties that are x housing commission etc.
If one purchased these could the tenants have a claim on you if they get sick and indicate it is due to the asbestos.
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
Dr.X
Is there much in the way of lease options in SA. Is there a publication or site that has these offers or does one have to sift them out via contact etc.Could you explain how vendor finance works in SA.
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
Thankyou for your reply
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
Hi all
Just thought i would update you. I had a person from the comany come and see me. He took a walk around etc and indicated he would write a report to his boss etc.
He said this was common and not something extraordinary with the dryness at the moment and with the type of reactive soil etc.
He stated the company really didn’t have to do anything but they are fair minded and more than likely would fix the crack as long as i painted it myself.
He indicated to let things settle and get it fixed around Feb-march.
He stated that insurance wouldn’t cover this sort of thing.
He also stated that what he told me would more than likely be repeated by a structural engineer for a cost of around $300-$500.
I stated i was considering going to the insurance company when he replied with what i indicated.
I mentioned the crack was an eye sore and people noticed and asked who built this house.
I aslo mentioned that i was going to get a reval done but now had to put it off because of this.
I will wait for his report and recommendation in writing, and see where i go from there.
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
Thanks John
I understand what you are saying. Is this sort of thing covered under most policies.
What terminology would be used.
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
Hi
Something that also came to mind there is definitely a gap that wasn’t there before at the side of the house from where the pavers joined at the bottom of the side wall.
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
Hi all
Thanks for your responses and i will try and clarify what may not have been clear.
The Villa is Torrens titled and stand alone not strata
I am the second owner i bought from previous owner but all the paperwork re: footings / design / 25 year strucural gurantee i have.
I bought the property 3 years ago.
The property is not rented out family members live in it.
Yes it is a clay soil and is reactive however the footings were done with this in mind and is documented to accomodate this character of the soil for this area.
I have contacted the builder and they have organised for someone to take a look at it.
The crack is only at that point in the house from a corner to the other side of the hallway.
Should i also contact my insurance company or see what the builder has to say.
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
Hi all
I think that Jenman is against particular systems as they can be manipulated to the unwary and exploited and in the hands of unscrupolous individuals people get financially hurt.
Let me tell you a story, about 2-3 years ago i was having some serious issues with a property and no one would give me a friendly chat to help me out.
It was generalisations and those that were in a position to help wanted to charge me which at the time i could not afford or give me 5 minutes free.
In a bit of desperation i emailed Neil Jenman at 0200am and got a reply within 10 minutes NOW thats impressive.
Here i was a total stranger to him and we exchanged quite a few emails that morning and he was interested and guess what at no charge.
He put me onto some names and contacts and the rest was left to me to follow up.
YES i think we do need people like Neil Jenman if only those that were attending some very high price seminars in recent times had listened to him.
Cheers
SGLife should NOT be a journey to the grave with the intention of arriving safely in an attractive and well preserved body, but rather to skid in sideways Beer in one hand – Pizza in the other, body thoroughly used up, totally worn out, and screaming WOO HOO!”
