Hi Brett,

Have a PLAN, address come of the following in your plan;

1) The strategy of the renovation (hold and rent or sell)
2) Cosmetic or Structural
3) Budget
4) Timeframe

We suggest you look to project manage instead of doing any for the work yourself, as it will enable you have scalability in your projects.

PS have fun!!

Oh.. have you thought of investing in a unit trust structure? There are other benefits here too.

Hi Natalie,

We have a lender who specialises with investors which can do split loan in you own name, hence you are only responsible for that debt but it is secured on the same property, but we would need more info to see if you qualify. I would hate to mislead you.

Hi NM7,

$95 fee for my understand is for existing consumers on latency products changing from MISA to the complete access offset. It is because they have over 1 million loans on the books and it is a time burden let say overnight half wanted changes to the new system.

So if you're new to bank this fee is not charged.

Hi Headspin,

I agree with Jamie;

1) avoid cross collaterisation
2) a good broker considers your future plans 

BTW remember to take tax advice from your tax agent, but there are good point your can discuss with them.

Have fun.

PS when invest think nationally, it helps reduce land tax (a cost) to managing your portfolio.

Hi Bacchu, have you consider the opportunities with old properties in western Sydney.

1) size of land

Looking a increasing rent return via granny flat to improve the value; http://www.planning.nsw.gov.au/plansforaction/pdf/Affordable%20Housing_Fact_Granny%20Flats.pdf

Or better yet work with some else to buy the land if your cashed up?

Hi Matt,

Have a read of this book, The Millionaire Mind by Thomas Stanley

http://www.fishpond.com.au/product_info.php?ref=3660&id=9780553813647&affiliate_banner_id=1

This will provide you with some prospective in terms of managing or selling.

Hi Steve,

Have you had a chance to catch up with Richard yet?

Hi Belinda,

Its a shame you haven't found the right person to work with, even thought you have spend money to do so. the idea of mentoring as I understand is to generally working with someone who has done it before you or has access to the information or contacts you will need to get things done. The following are some myths and truths about…[Read more]

Hi Menia,

Well done!! You're on track by considering to want to have an investment property. What you should consider next is why do you want an investment property? Reading  your post, it sounds like for income. These are some considerations you may want to review;

1) how much of my own money am I willing to spend to generate an income?
2) what…[Read more]

Hi Unlimited, 

I just noticed your last reply post that the LOC is $200k, probably a good idea to split the LOC, so the purposes are split. Looks like you have a great structure to build a large portfolio.

Hi Unlimited,

General idea is any costs to investments or business incomes are 100% tax deductible, however, you will need to consult your tax agent. Tax deductibility in PURPOSE not what the security is.

1) if the funds are current for Bank A is used as a redraw then you just need to keep records for your accountant, what was used for…[Read more]

Made man, I'm interest to know how you have gone with finding the right tenant? Did FOXTEL help or did you decide against it? By the way is the GF income structured as board or rental income?

Adam, have you considered an evergreen LOC. These are designed on an IO repayment with some lenders requiring no review for 30 years (hence evergreen).  Rates can be slightly higher and qualification for a LOC can be more difficult today thanks to NCCP, but it achieves your outcomes as a set and forget IO loan.