Hmmm.

By giving my opinion I seem to have offended you!

My apologies.Ill be sure to check the number of Stars against a poster before answering.

Seems newbies with experienced opinions are not tolerated well with those(some)who post Prolifically.

((I am not a fan of Lenders’ Mortgage Insurance- dead money, in my opinion.))

Well yes I agree but if you can use it to your advantage

.

A few years ago I could purchase 2 Esplanade Apartments only if I took out that dead money insurance—-without it no deal.Cost $2K+ I paid it with a smile on my face–Its tax deductable too.

Today the…[Read more]

Hmm.

I do a bit of this.

Yes it can be done anything can be written into a contract.
Doubt youd get approvals through that quick and doubt youd get trades that quick either.

Better still why not sell off plan.

Unless ofcourse you are keeping and renting only.
Sell some hold some.

John

I have emailed you directly.

john

HEY

DESK that YOU?

tech/a

Sell house invest 50% in 2 IPs at around 200K+15K costs and 10K wipe out debts.So loan on each around 120K
Cost at 6.5% interest only $7,800

Rent return around $220/week (Im getting that in Adelaide for comparable property)
$11,000 return each week.Surplus $3200each or
$6400/yrs or Around $125/week—yes some out goings

Rent at $350/week and you…[Read more]

The boat will have sailed for many.

Anubis gives some insight into alternative ways to positive cashflow property.

Thinking outside the square isnt enough.98% of people are already there. The other 2% are OUTSIDE the square to begin with!

John

Melissa.

I havent read Steves Book but should as you can always learn a trick or 2.

Personally I think your very wise mulling the Numbers over.

If you dont get the numbers right you wont reach your goal.
Many in Business get the numbers wrong and go broke around 90% of those who start in the first 3 yrs.
Even more dont get the numbers right…[Read more]

For those interested offer rejected so let it pass,there will be another.
John

The secret to me atleast is.

Borrowing as much of other peoples money as you can at little or no cost.Then putting it to work to return you capital growth on your borrowed capital.

The repeating the exercise again and again.

You need capital growth to build your empire,passive incomes can be a product of sound empire building.

Gearing as close…[Read more]

Thanks for the reply.

Council are fine in this area with subdivision.

Im not looking at Slicing it up immediately.
Planning to hold and more than likely develope 2 good sized 3 bed townhouses.

Esplanade here (In this small stretch of beach)is undervalued relative to beaches both North and South of this location.I cannot see why as it is…[Read more]

H/me.

Mortgage lenders love self employed people who pay themselves as a PAYE employee.

Nice group certificates and tax returns.

Although I have a company and structured differently to a sole trader Banks and superfunds love both my and my wifes very visable earnings.

Something to keep in mind as a history will take 3 yrs to generate,not to…[Read more]

but that is not my reason for investing.

Hmm Im interested is then your reason

a passive income?

I personally buy for C/G and gear to be atleast neutral.I have no idea about wraps so cannot comment.
(They remind me of derivatives in the markets!)

Passive income is not on the agenda—-yet.

What is your thinking?
John

Thank you for your responses.
Ill come clean.

I understand that this is my first post and I am certaintly nothing more than lines of type on a page.

I do have multiple property’s and I am genuine in my request.

I have been trading (Margin) for sometime and developing trading methods for many years (no this is not my profession I have a Civil…[Read more]