Forum Replies Created

Viewing 20 posts - 41 through 60 (of 70 total)
  • Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    Wilko, I had the same problem.

    I had to go gaurantor for my wife, and my wife for me, that’s two solicitors in seperate deals.

    PM me and I will give you the names of Solicitors I used – they both charged $50 for the 20 minutes or 30 minutes they spent with us.

    It’s a safety thing for the banks because in one instance an unscrupulous person got their non-english speaking parents to go gaurantor and then went bust. The parents didn’t know what they were signing, and there was lawsuits and such.. the banks had some liability here to ensure that the gaurantor knows what they are doing.

    Cheers
    alwayscurious

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    The pro’s of P&I are paying down the loan!

    The con’s are – less of the repayment is tax-deductable.

    The pro’s of fixed interest are: Risk minimisation (hedging). – you might pay a premium for this.

    It depends on your cashflow situation.

    I would say if you are in an aggressive asset building phase – you might like to use interest only until you hit your plateau (wherever that is).

    Then, as you sit & wait, you might like to fiddle some of the more CF+ deals to be P&I to gain equity quicker.

    The interest only bit would have been useful for me during the High Cap Growth boom we just saw, but I chose P&I on intro rates because of the good rates. I am moving those to Int only, to aid my cashflow.

    It really depends on your personal situation.

    I have heard of some lenders offering up to 7 years IO but it’s more of a “friend of a friend” who told me..

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    bork bork! …. hehehe

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    Go Calvin.. Remember – Family is what makes it all worthwhile! It’s no point earning much $ only to have no one to share it with…

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    In Brisbane Misty? I need a sparky..

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    Has anyone successfully transferred strata title on flats /units?

    I’d be interested to talk to someone about this, the costs involved etc.

    Cheers
    alwayscurious

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    What does it hurt me to be generous? Not much. A 55c stamp.
    A letter. A bit of pride.

    Ah what the heck – it sold! woo!

    I sent the letter today.

    Plus, I had another look at the agreement and I get 20K freq flyer points for listing and selling

    (no points to guess which agency I used!)

    So woo! My reward is there. I had forgotten, but after I wrote the letter, I was reminded.

    Just goes to show you huh – stay grateful – helps you enjoy the now.

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    I beleive Giving is sowing seeds. Seeds of money. Like investing.

    I give to a sponsor child, our church, various missionaries, the Salvos, visiting speakers at our church, people that come to the door, people in the street, friends (coffees or whatever) etc.

    One of the goals in wealth creation is to always have something in my pocket or hand so I can give it away!

    In fact giving is one thing I find it hard to budget for. I do a budget and then blammo, someone needs money – so out goes the budget! :)

    I am also learning about giving to my family and myself. This is hard for me to grasp – it’s about being generous in all aspects!

    My thinking is that this is one of the major reasons I was created.

    Sometimes I feel a bit like a hose – the money flows in, and right out again!

    Ah well. :)

    PS – I also give blood – so see you there emcdonald!

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    By The way – I have found EBAY to be an excellent source of second hand books! they are a bit cheaper and you can still own them :D

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80
    Originally posted by Peter Spann:
    By the way – I think “Brain” is the bestest EVER cartoon character.
    I subscribe to his uber-plan!

    I personally like “Mojo Jojo” from Powerpuff Girls!

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    Go Hard! That’s a good goal.

    Well done for first home too – it gives you a VERY stable base to work from. Not for everyone but it solved some instability probs with my wife and me – sorted the itchy travel feet out for a while! :)

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    To be able to give. Money, time, knowledge, peace, & the greatest gift of all – a knowledge of God.

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    Right – here goes with MY dream – no one knock it please! Not that I’m sensitive about it – I am jolly determined actually.

    I have roughly 6 years. From now.

    Plan is – one more child, then in 6 years, a third. the third will be looked after by me at age of 6 – 8 months (after weaned)

    This will give my wife the option to study again and perhaps do some of the things she has wanted to a long time.

    I want three children though – so that’s how we can both reach our dreams!

    We may work out some part time arrangement – but I have 6 years.
    EEEK. Thus, my financial education is ramping up steeply right now! :)

    I will be 34.

    watch this space I reckon – some good dreams here
    Go people.

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    thanks for the swift kick up the butt!

    My attitude needs adjusting from time to time. I find that’s where it ends up – in my butt. A quick kick and it’s back in my heart where it belongs :D

    In reality the guy did a fantastic job and I hope he succeeds.

    Cheers
    alwayscurious

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80
    Originally posted by kay henry:

    I started reading an e-book today- why not, I thought. It started off with “you were born to be rich…” That stuff just does not interest me. I have been watching the kids from Russia dying, further conflict in Iraq, 100000 people dying from genocide in Sudan, etc etc… an entitlement of being born rich just isn’t where my ideology is coming from. It makes no difference to me whether people have money or not. It’s just words.
    kay henry

    Hey Kay I read that ebook last week. I thought hmm.

    My thought for my own situation is if I can become more wealthy, I can help more people. INCLUDING my own family.

    If you are just getting wealthy for it’s own sake then what’s the point?

    :)

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    Oh Pick me! PICK ME!!!! for the lucky door prize… oh please please! :D

    Woo. An event. I’m excited. I’m there, with bells ON. :D
    (I’ll be the guy with the BIG GRIN)

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    True Emcdonald.

    I should be generous in my praise and slow to anger!

    They were 1000 times better than the previous RE – who was
    A) Late
    B) not quite as honest
    C) fluffed around on many potential buyers.

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    jump on the somersoft.com.au forum and search for ip_calculator. It’s a good spreadsheet – but there are potential mistakes in the tax department – but this might be due to ATO greed more than mistakes!

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    Sonja – to celebrate – we are going to have another child!
    Actually – we were going to have another child anyway. :D

    I just wanted to get the mucky situation sorted first.

    Profile photo of alwayscuriousalwayscurious
    Participant
    @alwayscurious
    Join Date: 2004
    Post Count: 80

    If your parents would not like to rent – perhaps you can sublet some of the rooms? This is often a good tactic and it gives you good insight into choosing people for tenants also! Will be a handy skill as you work towards your property empire.
    :D

Viewing 20 posts - 41 through 60 (of 70 total)