Yes both good articles. And it is a realistic fear I already had about the lending criteria changing, or in particular changing jobs in the next 6 months or so which would also effect lending options.

Because of this reason we are waiting till the equity has been released and we are in more of a position to put deposit on an…[Read more]

Appreciate the advice. We are now looking at possibly doing a house and land option. Maximise tax benefits, less time and stress needed in the first 5 years so I can concentrate on working and paying down our PPOR mortgage.

Cheers

Yes we have opted to source our own property, and have found something that ticks all the boxes.

Now we are just waiting to hear if our current broker can arrange finance, or if we will need to change brokers.

Our current lender does not approve investment loans for land or construction. I little frustrating as we would have liked…[Read more]

I have an appointment with a accountant I use for tax (hoping he invests himself) so once I speak to him about the most suitable property type we should look for for our goals/situation ie.…[Read more]

My partner and I are looking at getting into our first investment property. Met up with a few company’s that seem more keen to selll me house and land rather than help set me up.

Looking to get all the right info before we make an informed decision.

So would like to know what team we need to put together. Eg.. accountant, buyers a…[Read more]

Just wondering if anyone here has used, heard of or got feedback on Nyko Property in Melbourne for finding a suitable investment property. Cheers

I wouldn’t call myself an investor yet. I am still in the infant stage of learning as much as I can.

How do you get info of when and where these meets are?

I was wondering if anyone had any suggestions on recommended seminars or conference type events in Melbourne regarding investing?

I loved Steve”s millionaire mega Conference and all its guest speakers… Unfurtunately I learned that I am still a while away from being able to invest properly and unfurtunately don’t have enough disposable…[Read more]

Thanks for getting involved. i left out specifics only for the reason that i am learning that i am a fair way off being able to invest, and like you said there are other things i need to focus on at the moment. (some being setting in place actions to correct stupid financial decisions in the past)

Without specifics i thought i would…[Read more]

A few others opinions are that generally should have at least 20% of investment purchase price in cash. The rest pay down your own Morgage to allow more equity in your own home should you need to use that

After attending Steves conference on the weekend I am inspired by Steve, Jason and all his great speakers. I realise now how far I really am from being in a position to invest professionally instead of buying anything and setting and forgetting speculatively.

Me question is, what do you guys think the minimum position financially we…[Read more]

Once I am in a better position I will be sure to get in contact.

Do you just give financial advice, or also tax type advice or Morgage brokering??

I checked and basically what they have done is Worked out what my repayments where over a year and divided that figure into 52 weeks so still pay the exact same amount over the year.

I wish I could have an offset account, how ever until the fixed rate of my IO portion of my loan is under 12 months remaining I can’t have an offset…[Read more]

I am confused and would like some clarification from this of you that know.

I have recently changed my PPOR loan repayments to weekly rather than monthly as I was told that simply by doing this I will save thousands over the life of my loan in interest paid. Reason for this is that I was told that interest is calculated daily so by…[Read more]

Thanks for great posts like this one, I follow a lot of your post and take your advice on board.

I am currently in this situation of trying to find the best way to get myself in a position to invest.

I have spoke to my Morgage broker about what to do (however he is no longer Morgage brokering and has but someone else in his place,…[Read more]

The reason for this is that I am unable to attach an offset account to…[Read more]

I didn’t even get an exact ammount mate. I fell over just at the estimated amount. They told me that they can give me an exact payout figure how ever it is worked out off of a complex equation apparently.

With the estimate alone I was sure that I don’t have enough cash savings to make it worth my while to break the loan and restructure to…[Read more]

your suggestions are great.
i have looked into it and at the moment it won’t be worth me “breaking” the Loan.
Apparently i will be eligible for an offset account in 12 months, rather than 2 years, as i an get offset attached as long as fixed interest period is no longer than 12 months.

once again appreciate your thoughts.

Yes is fixed, please see my most recent comment (we must have been typing at same time haha)

Ideally we would like to set up an offset account however before I started educating myself I locked my interest rate for 3 years (still 2 years remaining) which I have found out means that the package we have won’t allow an offset account while the interest rate is fixed.

So more so looking at advice for the next 2 years until we…[Read more]

I continually read that the most important thing to do is pay down your PPOR debt. How ever in my situation I dint know what to do.

I have found out there are restrictions on my loan as to how much I can pay off each year before Incurring early repayment fees. Apparently I can only pay off $5k p/year off my PI loan and only $2k off my IO…[Read more]

My question is, for a couple looking at getting into the property investment market in the next 12 – 24 months would you recommend getting in…[Read more]

This is the type of advice I’m willing to learn from. Not sure how much detail I am supposed to put on here in terms of my financial situation but it seems everyone is here to help.

My situation is I had a really good Morgage broker, who has recently left that side of his business to his 2IC which I don’t have as much faith…[Read more]

So due to this and the $18k finance on the the car we are probably looking at 12 – 24 months before being in a position.

Our goal in that time is to pay off the car debt…[Read more]

So due to this and the $18k finance on the the car we are probably looking at 12 – 24 months before being in a position.

Our goal in that time is to pay off the car debt…[Read more]

So this is my situation and I am willing to listen and learn from anyone willing to give me their time.

I am almost 29 years old with a…[Read more]

Yes I agree I feel lucky to have found this forum,

Turns out we are probably 12 – 18 months away from a position to get into the investment market. I’d prefer to have found this out now and gives me time to do my research.

Thank you all once again

Booked an appointment with my mortgage broker tonight. Seems like he and his accountant are more into doing things through SMSF’s tho.

I don’t really want to lock everything into super. If prefer to make it happen out here in the real world