Hi Guys,

Lets just wait till February 4th, to hear what the RBA says….

“It has been decide that the RBA will ……………………. “

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Mary99,

Most Spotters, on this forum, charge some what between $1000 – $2000 for each property, they can find and sell to you. (Buyers agents – some what in the $5000 figure)

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Shirley,

I think your daughter should be fine, as she got the fhog, before the new rules, that came applicable in Nov 2003. Anyone applying now and after the new date, will have to abide by the new conditions, to recieve the fhog.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Scotty,

Here is a Link that might help you.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Malcolm,

This is a decision really up by you, depends, what you are doing, for example, if your plan is to sell the property, in a years time or so, then you would be better to use an I/O loan, as your intentions are not to pay down the principal amount, but in the hope of making quick capital gains.

Depending on how once again, you structure your loans, if you did not structure them correctly, it is possible that many of your +ve cashflow properties, will be either pushed into neutral geraing or negative gearing results.

There are packages out there, that can further reduce your interest, and further reduce it by .25% and more but also give yourself more margin to play with.

If you are worried, then you should create a margin of at least 2% to make sure you can cover your loan repayments.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Andrew,

What Melbear Explained to you is completly correct. Melbear explaination, gives you exactly what the 10.4% GYR should be as what rental should be recieved everyweek.

Here is another way to work out a 10.4% gross yield return.

Purchase Price $75,000
Annual Rental $7800
Weekly Rental $150pw x 52

For the 10.4% Return.

Annual Rental / Purchase Price X 100 = 10.4%

===============

Doing it this way, you are able to see what your GYR will be if the rental is higer or lower in weekly rental returns.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Adrianqld,

quote:

---

And what if i buy the aircon’s before the loan extension gets approved either with my own cash or 12months interest free.

---

If you do purchase it for yourself, you cannot claim it, unless you have a good accoutant that can fix it up and say it was purchased for your IP.

Though you can claim it, if it is for your investment property, as long as you can show proof of this and you can also claim the interest being charged on the item, if you were subject to pay interest due to installment payments(either they were subject to weekly or monthly interest charges.)

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi ryanmel,

In IMHO, i would go with this option you provide though i would slighly change it.

– Stay in our home, and use the equity we have to borrow 100% against more investment properties.
We wouldn’t be paying out rent, but would be narrowing our choices of property to purchase as being 100% borrowed would cause a lot of properties to be negative cashflow.

But instead of purchasing properties that are -ve geared, why cant you purchase properties that are both +ve but provide passive income.

dont limit your self, there are many differnet options out there available.

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”

Hi Melbear,

This job probably comes with plenty of stress at times, the main other killer is the time you have to start work, but apart from that, work is really flexible on what time you want to finish or start, and no boss telling you what to do. Though one good thing about work, ill have to admit, they provide all meals and drinks free.

Though probably the biggest catch of all is… im not that great in the kitchen, so going to work is like a relief, at least i can eat something that does taste good, rather than what i would try to cook up at home. []

cheers,
s.i.s

“People 4 get that by saving just $3 aday & investing it sensibly over a working life, you’ll end up wit around $1 million.”