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, what news of the others that used to be here in the early days? To name a few:

– Melbear
– AusProp (I think that was the name)
– Chan$
– MortgageHunter
– Yack

…and any others you know about.

Every now and then I see a post from wealth4life and dazzling…althought I am sure those guys have their multimillion dollar portfolios to look after.

As a side note, I only discovered a couple of weeks ago that S.I.S is no longer with us – he was a brilliant mind and would have no doubt done many amazing things in life.

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

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

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

Was the 105% loan entirely deductible?

jacko,

had you already signed the contract of sale?

Cheers,
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 on the way back up (and still purchasing now too!)
– Also took a holiday to NZ and got engaged whilst over there
– …and last but not least got a promo at work and a v. nice pay increase!!

Had a pretty luck 2009 all in all.

2010 plans:
– Purchase 1 more IP in the form of a house with some land in Bayside Melbourne (with the intention of moving into it within the next 5 years). If we don't find a suitable house, then might buy 1 or 2 more CF+ props in North or North West Vic.
– Throw some more cash into the sharemarket. Some buy and hold stuff and some short term stuff which is all to help me afford more property anyway…

Good luck in 2010 all!

YI

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.

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)

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 closing of the accounts would have on your chances of getting a loan or a higher LVR.

Regards,
YI