Forum Replies Created
This website shows the oil reserves in a few of the major oil producing nations. Show's that the official oil reserves in these countries somehow managed to double, over a 12 month period, during the mid 1980's but has basically remained constant ever since. An interesting read that i thought i would share.
Tatts
http://www.energyandcapital.com/articles/oil-opec-reserves/248
Oh bugger,
i booked tickets to this for myself and a mate on thursday and paid the $79. haha
Guess i should have had checked this site before i did.
ah well, i'm sure it'll be a good seminar.
See you there
TattsKenzel said
"Read all the Margaret Lomas books, Noel Whittaker, Jan Somers, Peter Spann, Steve McNight's (later) books for nuts and bolts." – Are you able to recommend any specific titles from these Authors? I'm looking to by my PPOR in 1 year's time (and turn it into an IP) and would lke to better prepare myself knowledge wise.
Margaret Lomas books – "The truth about positive cashflow property" "How to create an income for life" "How to make your money last as long as you do" "How to maximise your property portfolio"
Am currently reading the first mentioned title and is quite good, haven't read the others yet although i have a copy of the 2nd title as well to read once i finish the first one.Have also read 2 of steve mcknights books, "0 to 130 properties in 3.5 years" and "0 to 270 properties in 7 years"
would reccomend both of these although they are both a bit dated now. the 0 to 270 one is alot newer but bot are a good read.Haven't read any books by the other authors as yet so can't comment on those.
The books L.A. aussie mentioned below, i have read these and enjoyed them all.
"For inspiration read Rob Kiyosaki's "Rich Dad" series, The Richest Man in Babylon, Think and Grow Rich."
Especially like Richest man in babylon, only a small book but an awesome book.Tatts
You said that your husbands travel costs get reimbursed by his work. By moving yourself out of the city and a way how much rent would you save? You shouldn't have any increased expenses for travel and you would be able to save maybe $50 a week. i don't know the rental market in brisbane so i'm just guessing here. This could be an option if you are currently unable to buy something with repayments of $280 a week. if you were to do this for 18 months to 2 years you would be able to save yourself a few thousand dollars. The night shift work sounds like it could work for you as well. if you could work 2 or 3 nights in a week maybe and earn a few hundred dollars a week, added to the rent saved you would be able to save quite a bit of money over 12 months.
TattsHey Stella,
could have been a post that i made a while ago, it has a discount of an API subscription for $75https://www.propertyinvesting.com/forums/property-investing/help-needed/4321146
I haven't been on here for a week or so, good timing to check out the site again.haha
I just checked out the link and it still works
Hope this helps,
Tattsthat's correct, I also found out recently that this is also available for interest only loans. So that way you can have money in the bank offsetting your loan when you are only paying interest on it so further reducing your repayments
If you are after your FHOG (first home owners grant) then you will have to check up on the terms and conditions cos i don't think you are supposed to rent out any rooms within the first 12 months. You would probably have to be careful about what you do during that time. You can just do a search on the net and most lending institutes have online calculators that will give you an estimate on how much you can borrow. A mortgage broker would be able to give you more exact details too. Need to figure out what you want to do with the property so that you can get the right sort of loan so that when you want to use the equity you won't be hit with unwanted fees. Good luck with finding somewhere
Looks awesome. photo's are looking great.
Good luck with the rest of the reno's and keep up the great thread
TattsWhat is the deciding factor or reasons for it to be a commercial project?
TattsGood luck with your offer devo, keep us updated on how you go.
TattsI went through a company called financecorp, don't have the details on me as i am currently away but they were prettty good. i didn't end up getting my loan with them as a went overseas and left the loan details to be organised by my mum who was in victoria living near the property so it was easier for her to do it locally.
I have a mate who reccomended them after he used them.
He recently had issues with a payment not being made by his bank providing the finance to the company that was building his property. The bank hadn't made the payments and the company building the property was going to charge him a fee for the interest on the payment not recieved. he talked to financecorp and they paid the bill and then were going to chase up the payment from the bank.
Seemed to offer a good customer service, both my friend and i went through a lady called Tracey who worked at the branch near fremantle. not exactly sure of the suburb, como maybe?
Good luck with finding someone
Tattscool, thanks simon
Just curious, do any banks/lenders offer IO loans that come with an offset account?
Tatts
I've lived in DHA houses and have always been pleased with the service they provided for me as a tenant. i think they would be pretty good as property managers. Never had issues when maintenance was needed, make a call to them and they generally fix whatever the problem is.
the problem i found when looking at them as potential investments is that they have quite low returns, both of these below 4%.
On the other hand they are generally properties in good condition that will be well maintained for the 10 years that the lease is for. The properties seem to have good potential for capital gains as they are generally in pretty good areas.
I think that you would easily be able to find a property with much better returns elswhere although if you are after a property to 'buy and forget' then DHA would be a good option to pursue.Tatts
