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  • Profile photo of YY
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    @y
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    I’ve been looking at Western Australian properties, possibly a unit or a house in a smaller complex in Perth, Rockingham , Mandurah or even further afeild, i was thinking of anything up to $180-200K max if it was a house less for a unit.

    Investment example only

    This is just an example mind you.

    I would structure the loan as a Fixed Interest-Interest Only Loan to lessen payments and increase benefits..

    Obviously i would have to restructure all loans then as i couldn’t get a stand alone loan, no matter what?

    I’ve been told family benfits part A count as income, not sure of total we get though as it goes to a seperate/saving account and i haven’t looked

    Y
    Y

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    Tax time is coming also, we will get a reasonable return, it would be nice to get another Investment Property soon.

    Y

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    @y
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    Does my partners rent count as income, how about her Family tax benefit A and B payments etc when looking at her total income for serviceability?

    How about the rent coming in from next Investment Property?

    We have a chance to rent out PPOR as well and may look after a friends place for a year, , we bought the PPOR two years ago and have saved the $17K in shares plus some in cash during this time.

    Am thinking of either a unit or a house for next IP depending on whether we can get the next loan..

    any ideas?

    Y

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    @y
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    some people make a journey of the race, by the time the finish or realise theyare in race everyone has moved on.

    Dont getolder without gettin wiser..

    we are all here for short time, what are you doin with your time?

    I say ‘develop a sense of urgency’

    Y

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    @y
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    Maybe everythingdoes move in cycles?

    themore cycles you been involved in the more you learn.

    all these people lose as well as win, even kery Packer has ups and downs.

    philosophy is ‘just’ your opinion

    Y

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    Westan

    yack is right in many respects and most people with IP in citys fix intrest and intrest only, now is still good time to fix rate.

    In steves book he put 20% deposits and use P&I loans.

    Yacks warning is as KP says, be prepared if the market moves and do reasearch.

    Y

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    @y
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    Anubis has some good points..

    see story and tread carefully..

    “Mr GOODE will clear his desk by Wednesday”

    From newspaper..

    City of South perth chief executive Stephen goode’s contract has been terminated because he failed to tell councile before becoming involved in a telecommunications business that is under ‘investigation’ to determine if it is a pyramid scheme.

    Mayor Hopkins said following meeting an agreement was reached and mr goodewould clear desk by Wednesday.

    Mr Gode , who earns $175 000 a year as council chief executive, denied the “Australian Communications Network” was a pyramid scheme, saying he checked with Consumer Protection.

    Although he took calls about the business during working hours Mr Goode said he tried to keep theroles separate.

    Mr Goode has been in council for18 months..

    Hmm, Network Marketers..Tread carefully I say.

    I think first people in will do ok, then who knows, friends and business huh..hmm, dont lose friends or ‘change’ who you are and become ‘pushy’ salesperson.

    No selling? no matter what you call it, favour or something..you still trying to sell

    Y

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    @y
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    “Mr GOODE will clear his desk by Wednesday”

    From newspaper..

    City of South perth chief executive Stephen goode’s contract has been terminated because he failed to tell councile before becoming involved in a telecommunications business that is under ‘investigation’ to determine if it is a pyramid scheme.

    Mayor Hopkins said following meeting an agreement was reached and mr goodewould clear desk by Wednesday.

    Mr Gode , who earns $175 000 a year as council chief executive, denied the “Australian Communications Network” ACNwas a pyramid scheme, saying he checked with Consumer Protection.

    Although he took calls about the business during working hours Mr Goode said he tried to keep theroles separate.

    Mr Goode has been in council for18 months..

    Hmm, Network Marketers..Tread carefully I say

    Y

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    @y
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    Easy money and no stress?

    Ha Ha..

    get a job and ‘earn’ your money, save it and invest in appreciating asset’s.

    Agree with SiS also (partly) , with part-time job, you’ll learn more than how to make wage, might not seem so at start..but..

    Profile photo of YY
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    @y
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    If you post some financial’s..

    maybe the Mortgage Broker here couldhelp?

    Profile photo of YY
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    @y
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    Looking North [biggrin]

    Y

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    My IO loans fixed and paid monthly in arrears..can’t change without costs or different rate to pre-pay 1 yr in advance..

    lesson learnt here..

    Y

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    Maybe do search on ALCOA

    Y

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    @y
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    On TodayTonight was story of a Uni girl ( couple of degrees )trying to now get a job, now ‘overqualified’for a lot of job’s and ‘inexperienced’ for any others..

    same show, Apprenticeships in the trades go begging, you cant find a bricklayer..

    good brickie can earn $2000pwk

    some people i know are like this girl, degree not worth paper its written on..

    And some ay TAFE’s better than UNI, more practicle experience too

    Y

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    LifeX

    Mechanic friends brother got asbestosis from ‘blowing dust’ off break pads for years, now he makes apprentices use water.

    If asbestosis is problem, Y not fibreglass too ???

    Y

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    Leesa

    Find town your interested in,type in to “google” townname population trends..and search for any info. try local tourist centres

    Y

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    I think i started wrong end of this post…Hmm

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