Hi Bjoern,

Or are there other/better ways to use credit cards?

There was a book out about 15 years ago that talked of some interesting ways of using a credit card. Back then there was no Offset Accounts, but there was some kind of loan that worked in a similar way. I will talk of using an Offset Account as it makes more sense today.

The…[Read more]

Hi Bjoern,

Or are there other/better ways to use credit cards?

There was a book out about 15 years ago that talked of some interesting ways of using a credit card. Back then there was no Offset Accounts, but there was some kind of loan that worked in a similar way. I will talk of using an Offset Account as it makes more sense today.

The…[Read more]

Hi B2,

I was glad I was able to provide a few thoughts that might work for you.

Now that I know this was a new built house, could it be that this place is in the right location to be desirable as a Corporate rental? I don’t know how many companies move staff into Emerald, but corporate rentals usually want :-
1. Properties in a central…[Read more]

Hi B2luck,
Your post today indirectly led me to have a read about those regional areas that have mining as one of their local businesses. I must say it was interesting to read the comments by many who seemed to have in-depth knowledge of those areas in regional Queensland. Your post that led me to the mining thread was this one…[Read more]

Hi Kevin,
The Investment Detective link has been corrected. Admin has also made changes that point any broken links to the “store” instead of coming up with a bad link. This helps, as it guides new readers to “What is available now” – hopefully some newer products might have taken the place of those older ones.

Tammy (@mstamus) found one…[Read more]

Hi Kevin,
The Investment Detective link has been corrected. Admin has also made changes that point any broken links to the “store” instead of coming up with a bad link. This helps, as it guides new readers to “What is available now” – hopefully some newer products might taken the place of those older ones.

Also, as you might have seen,…[Read more]

Hi Storeybuilder,

Thanks for the replies, but I fear this has become quite confusing to everyone.

Part of the confusion arose because one poster had addressed you, when they should have addressed Lisabellan. I have corrected that now – hopefully, that will remove some of the confusion.

In YOUR case, SB, as several have said, you CAN have…[Read more]

Hi Mike,
Re this :-

I’m looking at an Interest only loan and a 90% LVR. Is this a wise decision with rates likely to rise in the next couple of years or worth going for a 20 deposit or 80% LVR.

Borrowing the maximum you can borrow allows you the maximum flexibility. A smart move would be to set up an Offset account against the Mortgage a…[Read more]

Hi Mike,
Re this :-

I’m looking at an Interest only loan and a 90% LVR. Is this a wise decision with rates likely to rise in the next couple of years or worth going for a 20 deposit or 80% LVR.

Borrowing the maximum you can borrow allows you the maximum flexibility. A smart move would be to set up an Offset account against the Mortgage a…[Read more]

Hi Bella,
Add “Depreciator” into the mix too. Last I heard, their schedules cost $550, but that was a few years back so do check their current pricing. I have used them and was delighted several times. I also see other investors I know adding their kudos too, so my recommendation is not alone….

Benny

Hi Brizza,
There is not enough info posted to come up with an accurate answer, but consider these points :-

If looking to purchase another IP(s) then you need from 15% to 25% of the value as Deposit and Costs. The remaining 75% – 85% will be the mortgage on the new IP.

So, your question needs answers to two things –
1. How much ready…[Read more]

hi N2I,

If I sell, I can use the sales $$$ to pay down the mortgage on the new PPOR and start a family.
If I rent it out as an investment, it will be a positively geared property giving me about $900

Since you have paid so much off the old PPOR, it might be financially wiser to sell (with NO CGT to pay), and use the funds to pay down the new…[Read more]

Hi Lisa,
Some seriously good learnings there – re keeping a buffer rather than spending it.

But, guess what, I have a couple of comments that might sound like I am advocating the spending of more money… at what could be a bad time. I did want to share the thoughts though – as you say, sharing the bad and the good can help to round out the…[Read more]

Hi Tiger,
Congrats !! I hope your new PPOR has an Offset Account attached to one of its mortgages :-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697973

Sorry to hear you weren’t aware of them earlier – it would have eased the path from PPOR to IP remarkably, leaving the full mortgage…[Read more]

Hi Lisa,
I took a look at the advert, and had an immediate couple of queries/comments:-

A home ideal for one or 2, even a beach house for the family

If I were looking for a family home, I would be put off by a comment that says “Ideal for 1 or 2” – sounds like a 1 bedder to me.

And then, further down, it almost seems like a linen cupboard…[Read more]

Hi Lisa,
I took a look at the advert, and had an immediate couple of queries/comments:-

A home ideal for one or 2, even a beach house for the family

If I were looking for a family home, I would be put off by a comment that says “Ideal for 1 or 2” – sounds like a 1 bedder to me.

And then, further down, it almost seems like a linen cupboard…[Read more]

Hi Dean,

Applause for the clever acronym:-

at the same time TINA (There Is No Alternative) is forcing me to purchase yet another IP

Benny