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

I tend to agree with what Terryw said :-

How much would it cost you if they moved out and is it worth considering paying $400 to prevent this?

But first, do clarify for us if the current tenants are “recent additions”, or whether they have been with you for some time.

See, if they are recent, it may be that you might choose to not renew…[Read more]

I agree with what Trryw said :-

How much would it cost you if they moved out and is it worth considering paying $400 to prevent this?

But before that, do clarify for us if the current tenants are “recent additions”, or whether they have been with you for some time.

See, if they are recent, it may be that you might choose to not renew their…[Read more]

Hi Matt,
Welcome to propertyinvesting.com :) I don’t know which of “these guys” you are referring to, but let me just ask what a Life Membership provides you with? i.e. What does your money buy for you?

See, many of the kinds of companies who ask for $$ like this are wanting to continue “giving you a fish” instead of “teaching you to…[Read more]

Hi Matt,
Welcome to propertyinvesting.com :) I don’t know which of “these guys” you are referring to, but let me just ask what a Life Membership provides you with? i.e. What does your money buy for you?

See, many of the kinds of companies who ask for $$ like this are wanting to continue “giving you a fish” instead of “teaching you to…[Read more]

Hi Matt,
Welcome to propertyinvesting.com :) I don’t know which of “these guys” you are referring to, but let me just ask what a Life Membership provides you with? i.e. What does your money buy for you?

See, many of the kinds of companies who ask for $$ like this are wanting to continue “giving you a fish” instead of “teaching you to…[Read more]

Hi Nan,

When Kevin Rudd was PM, I had heard of people “fixing” at 9% after rates had screamed up (erroneously while the rest of the world were madly CUTTING their rates – this was the GFC timeframe). Many of them regretted the move as Interest rates then fell to their LOWEST rates since the 60’s in less than a year from when they hit 9%. Some…[Read more]

Hi Nan,

When Kevin Rudd was PM, I had heard of people “fixing” at 9% after rates had screamed up (erroneously while the rest of the world were madly CUTTING their rates – this was the GFC timeframe). Many of them regretted the move as Interest rates then fell to their LOWEST rates since the 60’s in less than a year from when they hit 9%. Some…[Read more]

Hi Nan,

When Kevin Rudd was PM, I had heard of people “fixing” at 9% after rates had screamed up (erroneously while the rest of the world were madly CUTTING their rates – this was the GFC timeframe). Many of them regretted the move as Interest rates then fell to their LOWEST rates since the 60’s in less than 6 months of hitting 9%.

Right…[Read more]

Hi Siewlin,

As Corey said, having both loans with the same lender doesn’t HAVE to be a problem, but you need to be more sure of several things that COULD become an issue.

First, if you were to run into trouble, and, having paid little off the IP and lots off your PPOR (your home), this means there is lots of equity available in your PPOR,…[Read more]

Hi Nigel,

If the political parties are serious about helping first home buyers perhaps they could allow negative gearing say for the first 5 or 10 years. That way the interest at least would be tax deductible.

Hmm, that could make sense !! And might be far less damaging than turning the neg gearing applecart upside down. Of course, this…[Read more]

Hi Nigel,

If the political parties are serious about helping first home buyers perhaps they could allow negative gearing say for the first 5 or 10 years. That way the interest at least would be tax deductible.

Hmm, that could make sense !! And might be far less damaging than turning the neg gearing applecart upside down. Of course, this…[Read more]

Hi Nigel,

Can someone explain how only having negative gearing on new properties lowers house prices.

I’ll be in your “stupid class” too, ‘cos I can’t see it lowering house prices either – on the contrary. This is what I see:-

1. Investors are not the ones that “push prices up” anyway – home buyers are the ones who will pay more to get “the…[Read more]