Hi Freedom,

Try buying Property Investor Magazine.

It shows maps by state: towns/areas with rental yields, and “HOT” towns/ suburbs.
Well worth the money.

Excellent reference for new investors.[8D]

Good luck,

Del & Will

Hi Mum,

Sorry for the delay in answering your question.

Yes, our LOC is mortgaged against our PPOR.

The bank (ANZ) offered this option to us when we applied for the line of credit.

Keep our separate home loan (stand alone) and have a seperate LOC to keep our accountant and the ATO happy.

It was quite simple to set up an entirley different…[Read more]

Hi MJK and mum!

MJK – Yeah, Liberty will be making a killing on poor unsuspecting people.[] But if it’s the only way you can do it, it’s the price you pay to get into the game. Hopefully after a while you can find other cheaper avenues for finance.

Mum, (can I call you that)[?]

Yes, we do have a mortgage still[] on our PPOR. Our LOC is sepera…[Read more]

Another way to look at it:

We use 80% stand alone loans at around 6%
We use 20% deposit from line of credit 6%
We use 05% fees etc from line of credit 6%
TOTAL:105% FINANCE

For those with equity in their PPOR, this is the cheapest way by far to do it.[]

Regards,
Del

Hi Diamond, (and crew),

[][][][][][][][][][]

To insert a smiley face, simply click on the faces to the left of your message box. I mean when you are putting on a post, or replying to one. (If you haven’t noticed them there are four lines of them). []

Also, if you hold your curson still on top of the smiley face, it gives an explanation of what…[Read more]

Hi Aussierogue,

Yes, we bought our first IP in Traralgon in about Feb this year. Cost us $80,000. We spent almost $8000 on doing a reno – new kitchen, new bathroom, new laundry, paint outside & inside, new downpipes & guttering. It come up great![]

The house still took 6 weeks to rent!![] We had lots interested, but they cancelled out the day…[Read more]

Hi Neologism,

We have used Paul Bright at Armitage Downie, at Warragul (ph 03 5623 6322) for about 4 yrs. He’s a director there, and is VERY good. We would reccommed him highly.

He has cashflow pos properties also, and is very knowlegable about setting up trusts. He has recently set up ours.

It’s a large accounting firm, and if he can’t help…[Read more]

Hi Gavalynn,

I agree totally with Mini on this one. If I hadn’t first of all gone to Geoff Doidge & Paul Eslick’s seminar this year, I wouldn’t have found the web-link to propertyinvesting.com!!![]

Once I read this forum, and Steve’s newsletter, everything seemed to click into place. I straight away bought Property Secrets Revealed, and went…[Read more]

Hi Glauco,

I’m with AD on this one.

When you make the change, you’ll wonder why you hadn’t done it sooner!!

Stuart is a great place to start.

Good luck,

Del

** Some people wait for their number to be called, hoping for success some day.
Others develop a plan, take action and create the opportunity to build their own success plan.[]

Hi 007,

Sorry, but I live on 20 acres. I’m glad I don’t have to split it up and share it with 50 or so other people. I like my horses and privacy. That’s why there are different zonings.

Everybody is different and not everyone likes neighbours so close! Some people have lifestyles not just houses.

You say that you speak for the “greater…[Read more]

Thanks for that Dave,

You’re right. That’s a great one..[]

I think I will write that one down!!

I really believe the saying “if it feels right – do it!!! So many people procrastinate and go grey worrying what is going to happen if I make a mistake and buy the wrong one etc….[]
They spend their life researching, instead of taking…[Read more]

Hi Gianni,

I must say I’m with Enjo Lady on this one. You will miss out on the 50% Capital Gains Tax concession if your IP is in a company name.

Perhaps check with your accountant, or you could benefit by reading Steve McKnight’s WEALTH GUARDIAN. It’s about structuring your IP’s to give you asset protection and minimize tax. It is very easy…[Read more]

Congratulations Steve on a great achievement!!

I feel like I have accomplished something if I can manage to read a book from cover to cover,[] but to write one must be a very proud moment for you and Julie.

Looking forward to reading it. I’m sure I won’t be able to put it down. Should make my Xmas list a bit easier!

Wishing you every…[Read more]

Hi getting there,

I believe the short answer is NO.

However, there are still a couple of exemptions to that rule, as we asked that question not long ago. I can’t remember what the exemptions are at this minute, and so before you sign anything, check with your solicitor.

Hope this helps a bit.

Del

Hi Chris,

Welcome to the family!!![]

It is a great forum, and as you say you really can learn SO MUCH, in such a short space of time. Sounds like you’re already well on your way to financial freedom.

A renovation can be a great stepping stone, if done well. I think the most important thing with a reno is to set a budget and DON”T GO OVER…[Read more]

Thanks for that Leigh,

Nice to read your posts again…[]

I really agree about: everyone is an expert when it comes to investing, and yes you do have to choose your advice carefully.

What I find funny, is when you tell your “friends or family” that you are doing property investing bla bla, and they look at you as if you’re about to jump off a…[Read more]

Thanks Dave,

They are very entertaining though, but for my money, I want to know the “nuts & bolts” of how to do it – step by step, and I must say, Steve McKnight is the guru for me![8D] – (and a nice guy too)!! Don’t tell him though…

See you in the bar at 8.30pm for drinks (I mean SOFTDRINKS).

Del

Hi Rogue,

Welcome aboard, you’ve certainly jumped onto the right ship here.

Not long ago, I knew zilch about property investing, and didn’t really even properly understand the difference between neg. geared and pos. geared property!![] Please dont laugh….[]

The best advice I could suggest is to regurarly get onto this forum and read the…[Read more]

Hi Stu,

Yes, it was a bit “overdone” I felt.

A lot of gloss and glamour, but basically the main points, (as I saw it) were:

1. Use I/O loans – To benefit tax wise, don’t pay off principal. Let the capital gain kick in.

2. Use a Mortgage Broker – Usually approval within 24 hours.

3. Spread loans – it’s wise to spread investment loans over a…[Read more]

Hi Tas,

I’d say the chances of that are probably pretty high!!![]

What if we all meet in the bar at 8.30pm?

We can’t stay up too late though, or we might sleep through the seminar.[|)]

Del & Will