Hi All

you can do a lease option to a client and they can claim rent asistance for themsleves by taking their lease to the appropriate govt department.

However, this may open you (and your client) up to attack by the authorities if they make a decision that the rental assistance monies were to be only for rent and not to assist in purchase.

One…[Read more]

Hi Celivia

we use excel to do all of our property analysis and day to day running (40-ish dwellings in all). We even use it to calculate P&I accounts for houses that are under Vendor Terms saoes (WRAP) contracts.

There are no real limitations to what Excel can be used for, but some of the more exotic things that you may wish to automate may…[Read more]

ShaneB

you will be welcome back provided that you conform to the forum rules that you agreed to when you joined this moderated list.

the B

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“Life is a Dance”

Shane

please refrain from making these sort of comments on the forum.

You have had your say, and have heard the majority response to your words.

Please respect the rules of the forum or you will be suspended

respectfully

the B

__________________
“Life is a Dance”

Hi Ish,

nice to meet you at the seminar.

If you would like to email your spreadsheet to <a href="brent@propertyinvesting.com” class=”bbcode_url”>brent@propertyinvesting.com he can pass it on to me and I will have a look over it for you too.

cheers

the B[]

__________________
“Life is a Dance”

Honky Tonk (piano?)

MI = Mortgage Insurance
a.k.a. (also known as) LMI, or Lenders Mortgage Insurance.

It is the premium that you pay to insure your lender against you defaulting on the mortgage. If you default the mortage insurer pays your lender and then come after you!

Up to an LVR (loan to Value Ratio) of 80% the lenders usually self…[Read more]

Hi Regina

could you please include a link to the self sell website, or some other contact details ?

cheerio

the B[]
ps: nice to finally meet you in person

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“Life is a Dance”

Soosh

postcode search gives:

Postcode FINGAL BAY, NSW
2315

Postcode FINGAL HEAD, NSW
2487

Postcode FINGAL HEAD, QLD
2487

Postcode FINGAL, TAS
7214

Postcode FINGAL, VIC
3939

So it may be any one of those

the B person[]

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“Life is a Dance”

Hi Phu

You are correct on all assumptions.

It is great to be able to get access to the spare equity in your investments as their capital value rises, but you must consider the increased loan repayments as you described.

However, if you are putting equity into another investment / deal that generates even more interest than the cost of your…[Read more]

Hi Alexandra

can you just clarify which state this town is in, how big it is (population), nearby industry, etc, etc ?

cheers

the B []

Hi Everybody

Wow am I tired !…..

What an awesome weekend. It was really great to put faces to names and talk with so many of you.

It is just great that so many people have already taken action too.

I vividly remember taking our first steps and being very very frightened not that long ago. Don’t let it slow you down though, just embrace it…[Read more]

Peter

why not find out who the banks panel valuer is and strike a deal where you get them to value the property? If purchase goes ahead they are paid by the bank through the normal channels, if it does not then YOU pay them.

The way you control the process.

It has worked for us many times….

cheers

the B []
“think laterally, it avoids the…[Read more]

Boris

We will soon have settled 40 properties and have recently employed an admin manager who is just awesomely organised.

With her help we are now cruising pretty nicely. It was a bit of a stretch getting to the appropriate size to make it happen, but given the chance to start from fresh I guess we would have looked for someone much much sooner…[Read more]

Kirsty

“Why divide by 2?” well I didn’t make up the rule but that is certainly a very easy number to remember (and do math in your head with !), so I think that simplicity was the driving force.

This rule is so you can very very quickly filter out properties taht are unlikely to give tyou the result that you need.

cheers

the B []

Kirsty

do a search on ‘structure’, ‘trust’, etc on the forum and read the posts.

There has been quite a discussion on the relative merits of different structuring formats over the last couple of months.

Whatever you read, AD’s advice is good. You must seek individual advice form your accountant and solicitor to determine the correct method for…[Read more]

Gavan

just a bit more info for you…

The rationale behind having the loan on the PPOR paid off and making the payments on the investment properties minimal (even convert loans to Interest only if feasable) is that you can not claim a tax deduction for cost of finance on your PPOR.

As this comes from the angle of a negatively geared portfolio…[Read more]

Stampeze (Pete)

Hey mate you aren’t being a dud!

Like I said before “keep asking questions”. The really nice thing about this community is the amount of help that everyone gives each other.

You know, I learn something new from people of all experience levels practically every time I log on. So I reckon that everyone has a very valuable…[Read more]

Stampeze

just remember:

If you have legally minimised all of your tax and you are still paying heaps, you must be earning an enormous amount !!

the B []

TJ (paul)

I think that you know it is a low ball offer if for a similar house / location / tenancy in the existing market you are comparatively very low in price.

However, irrespective of how low it is; if you have researched accurately the Vendor’s requirements, then a combination of price and terms that seems ‘low’ in comparison to other…[Read more]

Grizzly

do a serch for trusts in the forum and see what comes up.

There was a posting that I contributed too about a month back, but I just can’t remember excatly the book/s that we discussed…

the B []