Hi Anthony,
An interesting set of questions there !! I for one, cannot think of a quick answer to many of them. Mainly because many of the answers will depend on you and your goals in the first place. Like you said, “How long is a piece of string”.

Steve has some interesting thoughts in his various books – one that stays with me is his…[Read more]

Hi Anthony,
An interesting set of questions there !! I for one, cannot think of a quick answer to many of them. Mainly because many of the answers will depend on you and your goals in the first place. Like you said, “How long is a piece of string”.

Steve has some interesting thoughts in his various books – one that stays with me is his…[Read more]

Hi Gus,
Richard and Corey have already provided guidance for you. And either of them would be a great choice should you wish to get a better focus on YOUR options. As an investor, those options are paramount in arriving at “What is best for YOU” – so do make use of those whose role in life is to guide you along the best path (or even through…[Read more]

Hi Gus,
Richard and Corey have already provided guidance. And either of them would be a great choice should you wish to get a better focus on YOUR options.

In short, always get your finance sorted before you even start to look for properties. No use going looking only to find out later that you can’t afford the great buy you have chosen.…[Read more]

Hi Coogee,

Wow – that does seem weird. I’ll be interested to read what might be going on there too – I hope one of our gurus can come up with an answer.

Benny

Hi Bomberboy,

Interesting link – thanks !! re this :-

Interesting that the prediction for Sydney and Melbourne is so wildly different between NAB and SQM. Is SQM statistically analytical only whilst NAB may be a combo of statistics, risk factors, global influence, number of applications?

I wonder if the major discrepancy might simply come…[Read more]

Hi Tony,
Thanks for sharing that. Wow, I couldn’t believe the number of jealous souls who took the time to comment. So many posts that made NO sense at all – but then, I can only guess they have never researched property investing to know better.

e.g. one of them commented something like “Humph – I bet he is only paying off Principal and…[Read more]

Hi Tony,
Thanks for sharing that. Wow, I couldn’t believe the number of jealous souls who took the time to comment. So many posts that made NO sense at all – but then, I can only guess they have never researched property investing to know better. e.g. one of them commented something like “Humph – I bet he is only paying off Principal and NO…[Read more]

Hi Tony,
Hmm, your story sounds mighty like another bloke featured elsewhere in here :-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

Was your story similar? It sounds like it might have been. Where were you investing? I’d love to read your story…. Have you posted it…[Read more]

And scarily enough I was told that idea by a friend of a friend at a dinner – they were going to try and claim their own rent too – not sure what dodgy stuff they’re up to!

Thinking more about this, when I worked in Sydney (my home in Brisbane) I had joined up with an employment agency who found that I could effectively claim LAHA (Living Away…[Read more]

I’m a little up in the air about LMI at the moment, I can definitely see the many benefits, however having a 20% equity buffer if the property were to depreciate would help me sleep a little better at night. Happy to be convinced otherwise!!

Did you catch this post, Anthony?…[Read more]

Hi Anthony,

Hmm, this has the aroma of similarity about it :-

1) I’ve been told that rent I pay to a landlord is tax deductible – I can’t find a single shred of info to prove this though, do I smell a porky?

This smacks a little bit of a plan where someone with their own home chooses to go and rent instead. Though the rent they pay is NO…[Read more]

Hi Anthony,

Hmm, this has the aroma of similarity about it :-

1) I’ve been told that rent I pay to a landlord is tax deductible – I can’t find a single shred of info to prove this though, do I smell a porky?

This smacks a little bit of a plan where someone with their own home chooses to go and rent instead. Though the rent they pay is NO…[Read more]

Hi Anthony,

Hmm, this has the aroma of similarity about it :-

1) I’ve been told that rent I pay to a landlord is tax deductible – I can’t find a single shred of info to prove this though, do I smell a porky?

This smacks a little bit of a plan where someone with their own home chooses to go and rent instead. Though the rent they pay is NO…[Read more]

Hi Terry,

Benny trusts cannot distribute losses but what you may be thinking of is some borrowing to subscribe to units of a fixed unit trust and the trustee using that cash to pay for the property. Those borrowing to buy income oroducing units could claim the interest against their own income.

That sounded to me like how a Hybrid Trust works.…[Read more]

Hi Aftab,

Can you draw some ideas from what this young bloke did?

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

Note that his path had him add Equity to each purchase via a reno – the added equity provided the Deposit/Costs that allowed him to move onto the next property. Without…[Read more]

Hi Aftab,

Can you draw some ideas from what this young bloke did?

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

Note that his path had him add Equity to each purchase via a reno – the added equity provided the Deposit/Costs that allowed him to move onto the next property. Without…[Read more]

Hi Aftab,

Can you draw some ideas from what this young bloke did?

https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977

Benny

Hi Yew,

No – I do not need to change my life style for the moment as I still have a full time job. and drawing good pay.

OK, cool !! Then, since Terry has warned about some “gotchas” re selling a PPOR to pay down debt on IP’s, that is an area where you should talk seriously with a Broker around the financing issues. Maybe Terry himself !!

O…[Read more]

Hi Yew,

No – I do not need to change my life style for the moment as I still have a full time job. and drawing good pay.

OK, cool !! Then, since Terry has warned about some “gotchas” re selling a PPOR to pay down debt on IP’s, that is an area where you should talk seriously with a Broker around the financing issues. Maybe Terry himself !!

O…[Read more]