Hi dude,
  It is probably a good idea to have a one-on-one chat with someone who can assist you to make the decision.  The sharing of your private information would allow a better discussion – i.e. do you have a large wage to handle a -ve geared property?  

  But then there is :-
   Are you confident that where you buy the market has the signs of…[Read more]

Hi David,

Quote:
My understanding on VF monthly instatement repayments process is that the owner keep his loan until last payment done by the buyer

  That could well be right – I am not familiar with VF loans. 

  Just beware that if someone is buying from you in the "normal" manner, that the break costs could be large, depending on tenure of…[Read more]

Hi David,
  Be sure to check out the "break cost" of your Fixed Loans with your Bank before putting the units up For Sale.   There could be a nasty surprise, depending on where variable rates are sitting.

Benny

Another great read re "How do I choose which suburb to invest in?  What should I look for?" 

In his reply recently, Dave Ward goes above and beyond with a VERY full description of things that can influence a suburb and thus its potential for investors.  

I'll let Dave explain it more, here…[Read more]

Hi TNI,
 

Quote:
I am guessing these are house & land packages being developed but my question is what does the description mean by "LOT"

 When a new development is being planned, this includes mapping where streets will go, but without street numbers allocated, they use the Registered Plan description of (e.g.)  Lot # 11, RP # 123456, Parish…[Read more]

Hi Elizabeth,
  And welcome to this place.  here is an absolute wealth of knowledge available to you here.  I'm sure you will get a lot of benefit just by trawling around and reading.  More to your question though, I must agree with others who say "It doesn't make sense to spend a $1 to get 40c back – BUT, it can be helpful if you are reasonably…[Read more]

Hi CH and Hank,
  Hmm, what a shame no-one else has "got up to dance" on this one.  I would be interested to hear from others too.  Here's what I can think of for now :-

Quote:
  Also, can you get a personal loan to use for a deposit? I asked a broker this years ago when I didn't want to save a deposit and he pretty much laughed at me.

  I…[Read more]

Hi u36,
   I've actually been inactive for a little while now.  But I have noticed Insurances going up on my properties all around the place.  Last year they all added to 20 – 25% – but none were anywhere near $2000 a year.   That is scary-high.  I don't hold any in those areas right now, so haven't noticed what you have.

  My highest is about…[Read more]

Hi Bish,
  I would think the amount of time you had owned the property would be relevant too.  e.g. If you have rented it out for 10 years, then calling it a repair is probably fine. 

  But if you have just bought in the last 12 months, I wouldn't be too sure of it being classed a repair.

Benny

Hi Melbinvester,
  You appear to have tacked a reply onto a 6 year old thread !!   

  Your situation might be better suited by starting a new thread with your own questions, situation, etc outlined for all to see.  t sounds like you might have been "low-balling", but a bit of background re what (general) area, your reasons for the low offer, what…[Read more]

Hi Vincent,
 

Quote:
The loans would be $200,000 plus $315,000

  Since he makes no mention of a THIRD loan (like Terryw did) this does sound suspiciously like he was going to xcoll the two properties. 

  Note that Terry's idea actually prepares for further borrowings against your PPOR via the LOC up to the 80% mark (still no Mortgage…[Read more]

Depends which river …..  

Hi Jate,
  As a "broad brush" approach, anything to do with the having a lender issue you a Mortgage(s) are a Borrowing Cost (which are usually claimed back at 20% per year over 5 years).  So these would include things like (from your example):-

Property / Title Searches   (could be – if the search was requested by your lender)
Stamp…[Read more]

Link broken????

Broken link ????

Hi R.M.

Quote:
So here is my question, should I let the $45,000 stay in the offset account or should I utilise this money in another way?

BTW: my mortgage on the PPoR is $420k or 40% LVR

I'm with Johnny A (the second part – "putting it in a offset account on my home loan"). 

While ever you have non-deductible payments to be made, make them…[Read more]

Welcome aboard Tom,
  Hey good for you to be considering these things at an early age.  I can only think your parents have been doing a fine job !! 

  Your question led to a recollection of one of my earlier property investing "self-help" books.   Check out "Real Estate Riches" by Dolf de Roos.  Within the first five pages (I think, but REAL…[Read more]

Quote:
Benny, would you say Kingston or Woodridge will be more likable than Eagleby?

  Two things – when we were looking (about 30 years ago) Woodridge had a "name", and Kingston is right next door, so wore a bit of the name too.  Then the "toxic sludge" thing in Kingston (actually localised to less than one block, but the news made it sound…[Read more]

Hi Mattsta and SSM,
  Thanks – they do take time to find.  Problem is, once found, HOW do we remember where to find them again? 

  Hence this thread. 

  I hope to keep adding to it… and I will endeavour to find the very best of posts so it might become a useful reference thread for new players.  Of course, it is open to others to add THEIR…[Read more]

Hi Muddle,
  Well, these extra words tell me that you may have indeed stumbled across a "bargain"…..  

Quote:
There is a discussion of a possible price tag of 300 – 320k. Which would give it a yield of (where's my calculator?) let's say, over 8%. This leaves us to think it has been under valued or we are missing something…[Read more]