Hi Prop16

Try this link,it has been talked about before!
Del went and thought it was good, but she is away for a few days now.

https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=3449

Hey Leigh,don’t you mean old chooks..[][]

Good luck

Will.

Hi Brett,

Vendor finance as an investment strategy can be a really worthwhile tool, to improve cashflow, and refund some of your money in the deal to enable you to have cash to buy again.

However, you mentioned structural problems with the house. I would be careful that you are not setting yourself up for a lawsuit if something goes wrong. You…[Read more]

Hi Scremin,

Because when you use a LOC, you are using 80% stand alone loan, 20% deposit from LOC, and 5% s/duty & costs from LOC. 105% finance.

If you pay out your PPOR, get rid of your LOC all that debit interest that you pay every month on your LOC, suddenly goes directly to YOU !!

The difference in the figures is amazing!

Also, with our…[Read more]

Hi Steph & Leigh,

All our loans so far have been P&I. If we wrap the loan will DEFINATELY be P&I. Things have changed recently now that we’re selling our home, and getting rid of our LOC etc (reducing our “bad” debt).

We have talked about having 3 x P&I loans, to 1 x IO loan, and keeping the majority reducing our overall debt, but with one…[Read more]

Today Tonight,

Hopefully there is nothing on about property millionaires !! ha ha.

Bye,

Del

Crashy,

Negative gearing has its place.

It is great for higher taxed people especially self employed.

Why just give that extra tax to the Govt??

I’d rather pay off a house that will gain in value, than giving XXX thousand to Little Johny. He gets enough.

Oh, I don’t have any negative geared ppty. Only positive. I’ve been tempted because of…[Read more]

Westan,

You’re gonna cop it!!

D & W

Hi aaron,

I’d say business and family don’t mix.

How could you ever evict them if things go south?

It would be very tempting, but could you put up with the family rift that it may cause?????[xx(]

Just my opinion,

Del

Goodnight Leigh,
Goodnight Westan,
Goodnight all,

I am too tired to work this one out now.

I am going to bed. [|)]

Jee, we must all have such an exciting social life!!!!

Del

Hi Jonathan,

My reply probably would have sounded more interesting with a glass of red, but, I’d say nobody will ever be rich with just one or two cashflow +ve ppty’s.

This is where you have the ability to use your money and possibly buy lots of +ve ppty.

I would never own investment ppty outright. You will pay too much tax. There are more…[Read more]

Hi ianbiller,

One way you could do this is to do a “FLIP”.

This is where you buy a ppty, undervalued in the current market, which is likely to be in demand.

You sign your contract at say – $200,000 with 120 day settlement. Settlement day 11.01.04

then,

You onsell it again in a month or so, for it’s true value of say $265,000 with a settlement…[Read more]

Hi AD,

Thanks for your thoughts.

It does look like a small revolution.

Perhaps we could blame the “Today Tonight” show!![]

Good nite all,

Del

Andy,

It’s great that we are not the only ones silly enough to do such a thing!!

Only joking – I wish you success.[]
Actually – I wish us both success. []

Del

Westan,

Hi and thankyou. Yes I definately agree with what you said about deals being harder to find. It would be awful if you sold the home you love to do “investing”, only to find that the “deals” are few and far between.

It would make your decision seem like such a waste.[]

It IS hard to find deals, but if you really are “out there” and…[Read more]

Celivia,

The only difference is with a LOC, lots of your profits are going in DR interest on your LOC. With that repaid, all the money goes directly to you. Financially you feel and look to banks a lot better off.

I would never advise anyone to sell their home, but we are determined to make a success of investing, and not just be an average…[Read more]

Hi Andrewsal,

Yes, do it!

We have just listed our house on 20 acres (a week ago) and we are going to cash in our LOC, pay out our small mortgage, and SPEND THE REST on lots of +ve cashflow ppty.

We will rent a small house, but we will have CASH coming in. Although we’ll be in a smaller place, we’ll feel rich because we will not have to look at…[Read more]

Congratulations Leigh,

Well done. You did your figures, set your price and stuck to it.

You didn’t get “emotional” over the ppty, like others did, and you won!!

Who said there aren’t deals out there that meet the 11 second solution.[]

Hope it all goes well,[]

Del & Will

Hi battz71,

Yes, I went to the Feb seminar. I would definately recommend it IF you plan to renovate as part of your strategy.

Use the “search” function at the top of your screen, and search for Geoff Doidge & Paul Eslick, or reno kings or queens.

I have discussed it before, so have others.

Also try their website”…[Read more]

Hi Arty,

Sorry, but you’ve got it all wrong.

Steve IS NOT finding any deals for any of us.

We are doing it all on our own, just like you guys. He is there as a mentor, to motivate etc…
Yes, we are all finding it hard to find deals.

Del

Oh, what about me??? []

I look like that gardener girl (can’t think of her name) from Backyard Blitz, dirty and dusty but “sexy” in bluntstones…(ONLY JOKING)…ha ha

William will read all these posts & get a SWOLLEN HEAD!! [8D] He will be a nightmare to live with!!

You guys are funny..[][]

Be kind to us tonite,

Del

PS… I wish I looked…[Read more]