Total Members: 156,265

9ball

  • 9ball replied to the topic Aussie rob in the forum Help Needed! 13 years, 9 months ago

    As Terry says there are a lot of share trading programs or software out there. Definately do more due dilligence on these programs, try asking the same question on some stock trading forums like Hot Copper etc. Maybe you'll get a more specific response there. Buy a few Investment magazines etc and see whats around. Lots of crap out there.Cheers,9ball

  • Hi Richard,The LOC is the way i am thinking of going but you have certainly explained the pro's and con's. I need to sit down and work out my best structure depending on my future plans. I will either PM you or set up a new thread so that i can get some further input on the subject. Thanks again.9ball 

  • Hi Trakka, Richard Thanks for your replies,  It has been interesting discussing the subject and I can see that the purpose of the original loan would not be directly for investment purposes. This is “crystal clear “as you put it Trakka, and I would not attempt to try and claim it as otherwise, in fact it was Scottybe’s question regarding “how wou…[Read more]

  • Hi Trakka, Richard Thanks for your replies,  It has been interesting discussing the subject and I can see that the purpose of the original loan would not be directly for investment purposes. This is “crystal clear “as you put it Trakka, and I would not attempt to try and claim it as otherwise, in fact it was Scottybe’s question regarding “how wo…[Read more]

  • Hi Terry,Thanks for the reply,Do you think i am doing things the right way in paying off the PPR first and setting up the LOC?I will give you a call in the new year to discuss my finance strategy and see what products are avaliable regarding a LOC and using this to buy 2  further IP's.Cheers,9ball

  • 9ball replied to the topic Renting PPOR in the forum Help Needed! 15 years, 1 month ago

    What sort of fees do Agents/Property Managers usually charge, I've heard its around 8-9% for full management. What about doing what Terry suggests, get the agent to find a tennant and set the thing up, what would the charges be for this?Thanks9ball

  • Time to change managing agents i think!!9ball

  • Yeah, Adelaide Bank has added an extra 0.1% onto my loan.9ball

  • Hi Ivan,Thanks for your reply, i see the way you are thinking. You want me to draw out the equity on the IP and use that for further purchases, that way i wont have the costs of setting up the LOC etc. And i can claim all the interest costs against my tax bill,seems perfectly sound, i agree.However the aim of doing it my way is to pay off all my…[Read more]

  • Hi All, just wanted to add a bit to the original post. Lets say the original property (make it an IP) was worth a bit more and you refinanced it. Instead of using the extra equity to buy a car you used it to pay off your PPR. You now own your home outright and decide to get a LOC against your home to purchase further IP's. I know the or…[Read more]

9ball

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