Hi MI,
  Great position to be in, and great goals to aim for !! 

Quote:
If i have $ 1.0M to Invest where do i invest or how?

Two or more properties in growth suburb or one in Inner city suburb?

  Lots of ideas already – perhaps consider a number of options to see what suits your temperaments/situation.

1.  Reno to lift rental Incomes
2. …[Read more]

Hmm – perhaps they are at risk of running a nearly empty bus !!   I imagine groups like this would prefer to leverage a "full bus" when cajoling some buyers ("Look, there are all these people on the bus – if you don't sign now, you could miss out!" – that type of thing).

Sounds to me like a good place to stay the hell away from….  despite the…[Read more]

Hi TNI,
  I wonder if your early confusion might have come from "past experience?"   I am referring to a Flat Rate Loan.  

  These are called different names, are usually for small amounts (e.g. Personal Loans) and the Interest paid each month is on the FULL amount until the whole lot has been repaid.   So, even if you paid some of the principal…[Read more]

Hi Qlds,
   They have said Yes to me, and I'm pretty sure I have it over you in years, son….. 

Benny

Hi AI,
  I see you have joined us recently….  Welcome !!     You have certainly been diligent in preparing yourself for your future – so, well done.  

  I agree with Jamie M – go see a good mortgage broker in preference to a financial planner.  Some on here are both anyway, but (for my money) a MB has a lot more direct property knowledge than…[Read more]

Hi Roben,
  I see you have recently joined us – Welcome !! 

  Sorry, I can't help with "one paint type", but your post prompted me to ask a couple of questions that may (or may not…) help somewhat.

Quote:
Top storey, New – vinyl cladding. Not peeling or powdered, but still good original colour.

  What I know of as "cladding" is often…[Read more]

Hi Majic,
  Think long and hard before doing anything. 

  If (as it sounds) you want to use this as your first IP, it can work – but as Jamie said, call on a knowledgeable person who can discuss the pros and cons of each option.  It seems you have a few :-

  1.  Sell this one to start again….
  2.  Keep the current PPOR to rent out and retain…[Read more]

Hi JP,
  What an awesome position to be in.   Congratulations !!!  

  Do you have preferences re the future? Are you looking for +ve geared IPs, those needing a reno, developments, new in Growth areas?   With your situation there is a whole world of choice (could even include shares, etc). 

  Anyway, that's great having such a good goal to aim…[Read more]

Hi TNG,

Quote:
So when it comes to tax purposes I just use the $274k account and it saves plenty of complications at tax time. 

  Ahh, all is good then.   The following comments from you sent my thoughts in another direction:-

Quote:
Offset account – linked to the $100k account. This is the superman type account that Sharin referred to, which…[Read more]

Hi NewGuy,
  Hey, great news above – well done !! 

  Just one thing I wanted to run by you – I think I recall you saying that you had borrowed against the IP to purchase your PPOR (at least, that is how I read this) :-

Quote:
The investment was our first home, then we used the equity in that property to buy the PPOR. That equity ($100k) I've…[Read more]