thanks scott,terry []
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}[][]
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]
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]
hi guys thanks for the yes i did it right []
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]
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 []
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 cgt in the forum No Subject21 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
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 ??????
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]
[]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]
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]
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 .