Originally posted by melbear:
However, buying an IP, and NOT living in it, you can still get the FHOG when you buy a PPOR.
Hi Guys,
What Melbear, said is correct. As long as the persons, interest in the property have not had an interest in any property prior to July 2000. Or any person July 2000 post. If so, you will need to get the property…[Read more]
In order to have a positive cashflow does the mortgage have to be interest only repayments.
It really depends on what you want to do. There are many properties out there, that can be P/I loan and the rental still exceeds all expenses and payments. You are still able to pay down the loan, and still get cash in your pocket at the same…[Read more]
Originally posted by ryanmel:
it’s good to watch these news stories, they can affect the market in that the casual investors who don’t want to do the research will act upon the tv and papers and go into buying or selling frenzies as per what they hear. a lot of people will panic. how many ppl have you had conversations with, who are looking at…[Read more]
Actually we did, we went to Harden, and they have a population of 3000 ppl or so, Very small country town i will admit, if you were driving by, fast enough, you couldnt afford to blink. []
Though with the trip, you learnt heaps about each town and it was worth the learning knowledge, though i couldnt picture myself living out so far…[Read more]
Actually it just started off, as a group of guys, just jibbery and talking endlessly about property. I think by the second meeting, we double in numbers, still all guys by then, but since we had about a 6 week break since the last meeting, because of Christmas and New Years, just heaps of people have been emailing an interest of coming…[Read more]
I agree, there wasnt too much meat to back up, what they say, one organisation was saying a high percentage or 20% now thats a real drop in market price. There would be more than just a 2 min television coverage. Honestly, prices might decline, in inner city units, but more will steady out and might be a bit slag in time before the…[Read more]
Its not only that, the place we have is to only accomodate 12 – 15 people, i got indated with about 40 or so emails and more with people wanting to come, and there is just no way we can accomodate everyone and be able to hold such a meeting point.
If possible, we might have to meet, were we can actually be able to hold such a large…[Read more]
Just wish to inform you, that due to many people wanting to come to the Sydney Property Meeting/Discussion on this Thursday the 22nd of January 2004 has been cancelled, as there are also many others who do wish to attend, but arent able to come, its been decided and only fair, that we have the meeting prosponed this week till a later…[Read more]
Also Margaret Lomas has software available that can caculate depreication, for you. Very accurate in giving you future depreciation and diminshing values.
You can also try going to http://www.downloads.com and do a search for personal budgets on there. There should be some free software, or trial software that you can test.
This probably gonna sound like the wrong advice, but if you dont tell anyone, and your living there at the same time, it wont really hurt, if you take cash payments for letting them rent a room. I mean many people do private rentals, in letting peole rent a room on there PPOR, as long as you dont tell anyone, i wouldnt be to…[Read more]
Isnt true that on Aged Care strata titles, you must be age 55 or more to be able to live in one. So really, if so, aren’t you limited to which area of the market or people you want to targer?
C’mon, a crash? more like a decline or a steady out of prices for the next few days will be talked about on t.v. There are so many so called experts out there, yet they are only predicting and guessing and on what assumptions are they saying a property crash?
C’mon it takes a lot for a property crash to happen, and if one is to occur,…[Read more]
Lets say your new to the property investment game, you might have a property, but you might not exactly know the ins and outs of an IP work . A $240k property that is 1 title with 4 units, to a sydney sider/resident, will think this is the deal of a life time, as they know in Sydney prices for anything near or like this could be…[Read more]
I havent purchased any of her properties, but her books i will admit they are great teaching tool. To be honest, best to use her books and her finsoft caculator to work out CoCR and IRR, but to be honest i feel the same as Richmond that you can find the deals and probably better deals. What you do on the CoCR caculator is the same…[Read more]