Would love to hear the stories re: Simon or Jeff if either of you have time to drop me a PM…which you dont… but I might give one of you a call one day for some advice and then just slip it in

I try to say thankyou a lot as well, but for past, present and future assistance….THANKS!I am sure you guys have saved me countless hours of researching, as well as thousands of dollars with solicitors/accountants regarding structure and tax implcations etc. Richard: On your point regarding how you have been part of the community for some time,…[Read more]

I'm the typical case too I'm afraid, 3 properties in the same postcode. Luckily it has had above average growth in values and rental so can't complain. I am a little better educated now than I used to be and don't want all eggs in one basket, so my next one will be outside of the suburb at the very least (and hopefully…[Read more]

Nice work Dean – 7 properties is certainly well above average!Which state do you work in? And which states do you have property in? Regards,YI

Just on that, I don't believe I have ever claimed my conveyancing costs. Is it possible to now 'back-claim' those costs in this financial year? or are they gone once that financial year passes.

Which funders consider shared equity loans? can they be done with the big 4?

Hi Dean, Unfortunately the valuers don't always get it right, but this is all the bank has to go by. Generally the bank valuers are more conservative than the professional valuers, but in your case it sounds like they are in the same boat. The bank may consider revaluation at a later stage if you are keen to remove one of the properties from the…[Read more]

What if it was used to pay stamp duty and other costs associated with acquiring the property?

Vitaliano, Have you considered: – Putting in a lower bid- Capital growth in the area- Potential of renovating the property and achieving a higher rent- Speaking with the tenants regarding a rent to own strategy? All of the above need to be researched in a lot more detail, but I'm just saying perhaps don't write the deal off yet!Regards,YI

Was the 105% loan entirely deductible?

Sonya, How do you compensate the broker for their time, effort and advice?Do you put all finance applications through them, or do you deal directly with a bank/financier?

jacko, had you already signed the contract of sale? Cheers,YI

Vitaliano, Without giving too many details (don't want anyone to steal your gem!) how did you find the property? ie: Internet, papers, word of mouth, agent contact? Would be interested to know. Regards,YI

– Had two neutrally geared IP's turn positive this year due to rental increases – YAY!- Managed to grow the offset account on our PPOR by around $100k with debt recycling and some hard savings! (Oh how I hate non-deductible debt)- Our shares took a big hit, but are thankfully back in the black after purchasing more shares whilst the All Ords was…[Read more]

welcome back…

If it is walking distance, it is generally a good thing and proximity to public transport is a big plus in a lot of areas. If it is TOO close to the railway line, this can sometimes be seen as a negative due to noise.

Hi Yobbo, Which state are you in? Regards,YI

Do you do the same checks for normal tenants compared to potential vendor finance buyers? And off topic… how close are you to reaching your own Investment Goals in life?(if you don't mind me asking)

Bleh… sounds like I will need to vist an acctant, solicitor or broker and pay through the backside. still… if the advice is good then it's worth the cash…

Richard, I was under the impression that Magic has multiple accounts with one of the lender's, rather than a single account. Magic, if you only have one account with that particular lender, leave it in place. If you have multiple savings accounts with the same bank, and one of the accounts is not being used I can't see what detrimental effect…[Read more]