Hi dDream,

  Currently, have a loan of $350 k with a bought property two years ago. And this will return equity of $85k for today ( as the broker told me).

I presume from the above that the house value is now about $550k (i.e. your equity is approx $200k).  i.e. the borrowable extra amount is $85k if refinancing to 80% LVR.   About right?   (If…[Read more]

Hi Sandhya,

Sorry, my comment was a bit terse.  Good to know you worked it out.  For others who were wondering, let me add a bit more around that calculation :-

For the person with the average mortgage of (say) 2.5%, that is a 10% increase right off the bat.

A 0.25% increase against a 2.5% mortgage interest rate is a 10% lift.   That is actu…[Read more]

Thanks Steve.  Good comment about “dropping an anvil on ScoMo’s head.  So true !!!    That will give Labor lots more ammunition for the next 3 weeks.

And yes – a 250% increase.   Well caught.   For the person with the average mortgage of (say) 2.5%, that is a 10% increase right off the bat.  Why so big so quickly?   While we have a housing pr…[Read more]

Hi Naruk,

Are you out there?

Benny

Hi Laura,

There is a series of webinars due to start soon in May.  Call up the office on 03 85920270 and enquire about Deal Club.  As far as I know this will be Steve sharing his findings as he does a deal (likely Commercial) and also advising viewers who are looking at buying properties (likely using STEPS) and want to ask him questions.   T…[Read more]

Hi Laura,

There is a series of webinars due to start soon in May.  Call up the office on 03 85920270 and enquire about Deal Club.  As far as I know this will be Steve sharing his findings as he does a deal (likely Commercial) and also advising viewers who are looking at buying properties (likely using STEPS) and want to ask questions.   These web…[Read more]

Hi Naruk,

Did you build it to live in?  And did you live in it?   If so, how long?  Have you asked your accountant these questions?

Benny

Hi Naruk,

Did you build it to live in?  And did you live in it?   If so, how long?

Benny

Hi jeeakz,

Looks like you have put yourself in great shape to sculpt a really good future in your retirement.  Well done.  Re “what’s next”, I’ll leave that to smarter people than I, but I did want to pop in a question or two so that others might formulate a path that will really suit you.

First, you are talking of retiring – at that time, w…[Read more]

Hi Timely,

That depends on a lot of factors.  But for mine, I prefer to look the other way, so I’m a “NO” to your question – rather like Jason in this link :-

https://www.propertyinvesting.com/buying-investment-property-off-plan-dumb/

There are so many things that can go wrong when purchasing any property off-the-plan that I prefer to leave…[Read more]

Hi HLaura,

Wouldn’t be likely – the meeting is a Brisbane one.  Steve is from Melbourne.

Benny

Hi HLaura12,

The training that is available currently is computer-based, and it outlines the steps Steve recommends we take leading up to, and at the time of, purchasing investment properties.   The course is very complete and includes a 14day free trial to ensure that the product suits your purpose before final commitment.

To check it out, go…[Read more]

Thanks to Steve – in another post he found a link that puts a statistical value on a human life in Aust.  I link his post here, as it adds some value to an earlier post in this topic.  Here’s Steve’s post:-

https://www.propertyinvesting.com/topic/5082736-65-roses-gamechanger-for-many/#post-5082778

The first link goes to a Wikipedia entry ti…[Read more]

Thanks to Steve – in another post he found a link that puts a statistical value on a human life in Aust.  I link his post here, as it adds some value to an earlier post in this topic.  Here’s Steve’s post:-

https://www.propertyinvesting.com/topic/5082736-65-roses-gamechanger-for-many/#post-5082778

The first link goes to a Wikipedia entry ti…[Read more]

Hi Steve,

And thanks – some worthwhile reading there.  And yes, I recall hearing that the Govt lobbies drug companies too – so perhaps that $300k per year was negotiated down to $200k, which then exceeds the current “statistical value per year” of an Australian life.

That second link has a host of interesting thoughts within.  It is very much a…[Read more]

Hi psaini,

Do you have Steve’s book “0 – 130 properties in 3.5 years” at all?  If so, and it is the 2009 version (the update), go read chapter 9.  It gives a really good writeup of just how and why Steve uses companies and trusts.  He tells me too, that the same system works for both resi and comm – but NOT if negative geared.  The latter wou…[Read more]

Hi psaini,

Do you have Steve’s book “0 – 130 properties in 3.5 years” at all?  If so, and it is the 2009 version (the update), go read chapter 9.  It gives a really good writeup of just how Steve uses companies and trusts.  He tells me too, that the same system works for both resi and comm – but NOT if negative geared.  The latter would need a c…[Read more]