Total Members: 159,187

trying

  • trying replied to the topic Banks 80% rule. in the forum The Treasure Chest 21 years, 5 months ago

    thanks scott,terry [:D]
    Yes that sounds good ,
    i was looking at more expensive ips ,thats why i was having trouble servicing them {my thought }
    but ,i think cheaper ones are more realistic ,thanks for bringing me back down to earth guys [:)] i have,nt hit the big time {yet}[:D][:D]

  • trying replied to the topic Banks 80% rule. in the forum The Treasure Chest 21 years, 5 months ago

    if i get a cash bond i would receive 4% back ,is that right
    if i get a loc i would have to pay 6%
    i thought, with the cash bond if you use the money for investment the tax will allow you the differants in int,that you pay for your loc, so you get 4% but you pay loc 6% so you can claim the 2% diff
    [?]i dont know im getting very confused my self to…[Read more]

  • trying replied to the topic Banks 80% rule. in the forum The Treasure Chest 21 years, 5 months ago

    thanks for that [:)]i worked out this
    say to be on the safe side i have 500k in equity to spend
    get a loc 500k and use 250k for the cash bond
    get 5*200k ips
    put 20% down borrow 160k on each ip
    20%=40k+ 10k closing cost= 50k
    5*50k now i have used up my loc of 250k+ 250k for the cash bond .

    to pay i/o loc say 6% =30kpa
    20k left to help service loan…[Read more]

  • trying replied to the topic Banks 80% rule. in the forum The Treasure Chest 21 years, 5 months ago

    hi guys thanks for the yes i did it right [:D]
    sounds like i can still go further
    but my problem is servising the loan ,in my eyes i want to use this equity to upgrade my ppor from 600k to 1m or so but ,i dont want to sell my old ppor so payments would come alot ,so i was thinking of cash bonds ,but maybe some one has got other ideas ,any way if i…[Read more]

  • trying replied to the topic Banks 80% rule. in the forum No Subject 21 years, 5 months ago

    hi guys,this is my numbers
    can you tell me if thats right

    house values1,400,000
    _80%=280,000
    1,400,000-280,000=1,120,000
    loans out on all ips
    514,000
    1,120,000-514,000=606,000
    so 606,000 i can borrow
    but have no more money to service the loans if i borrow .
    what do you think,, should i get a cash bond and keep going ?
    or am i dreaming [:D]

  • trying replied to the topic Banks 80% rule. in the forum No Subject 21 years, 5 months ago

    hi all
    i thought the banks dont take 100% rent into account ,so are you saying if the rent can cover loan amount ,land rates, insurance ,and you put in ,say $1 they will give you the loan ?

  • trying replied to the topic “Which bank?” in the forum The Treasure Chest 21 years, 6 months ago

    wow 21 ips ,how long have you been in the game ?

  • trying replied to the topic Loan Structures in the forum The Treasure Chest 21 years, 6 months ago

    is the cgt the same in a trust within a company ?

  • trying replied to the topic cgt in the forum No Subject 21 years, 6 months ago

    i was told to open the trust i was so to speak giving a new threshold in land tax ,as i have already 4 ips in my and partners name ,so to create a new $260,000 i could put more ips into
    until that reaches its limits ,[?]is that right

  • trying replied to the topic cgt in the forum The Treasure Chest 21 years, 6 months ago

    thanks for your reply so if i wanted the trust to borrow money to invest than we would have to give a guarantee .and also what if the company has made no money ,does that matter ,you could just use the eqity in the assets already there ??????

  • trying replied to the topic Book Intro… What Do You Think? in the forum No Subject 21 years, 7 months ago

    yes i think it will be a great book [:I]i will certinaly read it [:)]

  • trying replied to the topic cheap building in the forum The Treasure Chest 21 years, 8 months ago

    i have heard on the posts that you can buy below market value, is what i am about to do ,is the answer to below market value ? or is this not so

  • trying replied to the topic cheap building in the forum The Treasure Chest 21 years, 8 months ago

    thanks for your comments ,,i bought a peice of land, may ,will be a year ,it was cheap at the time and i purchesed it just off the flyer ,so i thought what the heck only 49,000 at that time i was purchesing a ip in the same area so i got one loan for both ,but when i had a good think about it i was not to sure if i had done the right thing…[Read more]

  • trying replied to the topic a question in the forum The Treasure Chest 21 years, 8 months ago

    thanxs for that info[:D]

  • trying replied to the topic What qualities make up a good tenant? in the forum The Treasure Chest 21 years, 9 months ago

    thanks for your ideas that sounds like the way to go [:)]

  • trying replied to the topic What qualities make up a good tenant? in the forum The Treasure Chest 21 years, 9 months ago

    [:D]hi all just thought i wouold tell you about my tenants .i bought my first 2 ips almost 2 years ago now ,i had a tenant,and is still my tenant and they are great never fail to pay on time ,keeps the house nice ,and she even up the rent by $5.00 HER SELF so hows that for a good tenant [:)]actually wedid her a favor and looked around for a second…[Read more]

  • trying replied to the topic i want to know more in the forum No Subject 21 years, 10 months ago

    thanks brent and steve for your in put ,,firstly i want to let you know that i dont do any thing before i speak to my accountant and broker because i know very little about it all ,as for equity and cash flow i know what you mean ,i think im just very bad at wording things i dont mean to say i will have actual cash in hand i dont want cash for…[Read more]

  • trying replied to the topic your opinion in the forum The Treasure Chest 21 years, 10 months ago

    thanks birdman for your answer ,at the moment i have just registered as a trust so its still being done ,,,is there a differance from company or trust are they one in the same .

trying

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