PropertyInvesting.com | asabove | Activity

asabove replied to the topic Recently Divorced, how do I rebuild with $100K? in the forum Help Needed!

Tue, 06 Apr 2010 08:41:54 +0000

You effectively have a contract with the ex to raise your children between you. Just as you don’t always like the people you work with sometimes you just have to work with them. I would not move without his permission and consultation with the children.
There are more important things in life than money.
Assuming all are cool with the idea.…[Read more]

asabove replied to the topic Getting a loan to buy a block of land in the forum Finance

Mon, 22 Dec 2008 00:18:57 +0000

There are no tax advantages for buying a block of land. If you pay just a few extra bucks for something with a rentable house on it you will have a better chance of getting your loan because usually 80% of the rent is added to your income, for affordability. The difference between what it earns and what it cost is deducted from your taxable income…[Read more]

asabove replied to the topic Lender offers loan at 6.03% in the forum Finance

Fri, 19 Dec 2008 06:51:26 +0000

Mortgage ezy have just dropped the rate they are charging me to 6.64% I think it's a bit rude given that when I took out the loan in November 2007 they had the same rate as pacific mortgage who will now lend at 5.92% I'M NOT HAPPY. Teh guy who sold me the loan said the rate would go up and down in line with RBA movements. CRAP. What I'd like to…[Read more]

asabove replied to the topic Property bust not here yet ... worse to come in the forum General Property

Thu, 03 Aug 2006 13:47:51 +0000

I like the way you think Damon.
I bought a property in a little West Australian town 2 and a half years ago because the price hadn’t moved for 13 years and I couldn’t see how prices could stay so low for much longer, given you could get a 10% grose rental return at the time.
When I picked up the local paper there were 3 rental properies…[Read more]

asabove replied to the topic Interest Rate Announcement in the forum Finance

Wed, 03 May 2006 12:10:35 +0000

I like to look at thinsgs on the bright side.
higher interes rates should mean more barganing power when hunting for property.
My pundit view is that they won’t stay high for long.
world wide interest rates are low and historically fixed interest is rarely better than variable.

asabove

asabove replied to the topic Westpac and Defence Force Housing in the forum General Property

Thu, 06 Apr 2006 12:30:33 +0000

I have a friend who has a Defence force house and he is thrilled with the setup.
Doesn’t stack up to me. When I crunch the numbers he appears to be bleeding from the hip.

asabove

asabove replied to the topic $ 200K CASH, What would you do ? in the forum General Property

Wed, 25 Jan 2006 13:33:46 +0000

Excelent Question.
I have allways been a fan of borrowing 100% on positve geared property.
this to me is a no brainer but they are pretty thin on the ground at the moment and I am looking for alternatives.
Hope to read replies.

asabove

asabove replied to the topic No One Belive So Am Sharing You Guys in the forum General Property

Thu, 27 Oct 2005 09:05:02 +0000

I work it your way dreamer
I bought a property in Geraldton 2 years ago After years of research I figured the place was way under valued and prices could not stay as low as they were.
I am a divorced man with kids so saving for a deposit was imposible.
I found a place that was returning 8% and bought it for 120,000.
It was almost cashflow…[Read more]