Hi Gavin,
We are all about education – the only sales we allow mentioned are where people have books, courses or other tools they wish to move on. That is what Buy Swap and Sell forum is for – not for IP deals. And hey, thanks for asking first !!

Benny

Hi Kylsta,

Re any “Groups who get together”, do check out this one :-
https://www.propertyinvesting.com/topic/5025679-brisbane-property-group-meeting-tuesday-31st-may/

Matt Jones usually pops by with the next month’s meeting info about a week or so before the event. Look around in the “Heads up” forum too, and you will see the Sunshine…[Read more]

Hi Lizu,

The bank has said that the only way to avoid paying the fee would be to close the offset account and convert to a standalone loan account.

Oh, goody !! And then you could receive Interest like 1% instead of the 5% you get as an Offset now. Me, I’d pay the $10 a month and say Thanks !!

An Offset is TOO GOOD an option to just stop…[Read more]

Hi Lizu,

The bank has said that the only way to avoid paying the fee would be to close the offset account and convert to a standalone loan account.

Oh, goody !! And then you could receive Interest like 1% instead of the 5% you get as an Offset now. Me, I’d pay the $10 a month and say Thanks !!

An Offset is TOO GOOD an option to just stop…[Read more]

Hi Lizu,

The bank has said that the only way to avoid paying the fee would be to close the offset account and convert to a standalone loan account.

Oh, goody !! And then you could receive Interest like 1% instead of the 5% you get as an Offset now. Me, I’d py the $10 a month and say Thanks !!

An Offset is TOO GOOD an option to just stop…[Read more]

Hi Raasta,
I think you might’ve got lost in my words. I mentioned that we often think of spending $30k on a reno to gain cashflow and equity but not the other option – see here:-

Would it make sense in your case to spend that $30k on Selling costs and quit property B? What would be the “rent return” in that case?

You would need to sat…[Read more]

Hi Raasta,
Wow, you appear to be very highly geared. Is this because of a downturn in values that I believe hit Perth over the last few years? Or was it a recent, deliberate move on your part?

At a quick look, and without getting out a calculator, it seems property B is the biggest part of the problem. You would have the actual numbers that…[Read more]

Hi Raasta,
Wow, you appear to be very highly geared. Is this because of a downturn in values that I believe hit Perth over the last few years? Or was it a recent, deliberate move on your part?

At a quick look, and without getting out a calculator, it seems property B is the biggest part of the problem. You would have the actual numbers that…[Read more]

Hi Raasta,
Wow, you appear to be very highly geared. Is this because of a downturn in values that I believe hit Perth over the last few years? Or was it a recent, deliberate move on your part?

At a quick look, and without getting out a calculator, it seems property B is the biggest part of the problem. You would have the actual numbers that…[Read more]

Hi Puredaycent,

however if we decided to sell after a year I believe I would be stung for capital gains tax.

I would advise you take up with a MB to discuss your financial options – moves such as you are contemplating are complex, and having a heap of more accurate information would help immensely. See, I believe you are quite wrong with the…[Read more]

Hi Wezwaz,

a block of land that has a land valuation (according to rates notice) around $120,000.

UCV’s are notoriously low, and have been ever since I can recall. The UCV (Unimproved Capital Value – i.e. supposed “land value”) is used to determine Rates, so this maybe keeps the number artificially low (???).

Don’t use a Rates Notice to…[Read more]

Hi Viz,

1. I have been told buying in partnership is a BIG no no by my mortgage broker, exception if its your spouse, not even your parents and reason being, the bank will look at the total loan owning not my portion and my equity will be only my portion. Would love to hear from anyone who bought in partnership other than your spouse and some…

[Read more]

hi James,

All I just want to terminate the contract as the house have active White ants. What to do to terminate the contract? If they say I can’t dispute the contract I am legally obligated to buy this house?

I hope you have had a solicitor helping you through with your purchase. If you have, then they should have advised you to formulate t…[Read more]

Hi Cattleya,

“how does scrapped negative gearing present great opportunity? Is that because prices are expected to fall?”

Since it is a poll, it is up to you to choose if you think it might benefit you.

One possibility I can see is if it is to be scrapped by some date in the future (July 2017?) then there is going to be a scramble to buy so…[Read more]

Hi RYF,

Use the Search button – on the Home page, look right and down – below Training Centre and Register your book.

Benny

Hi Deedee,
Just a thought out of left field – I think I have heard of some groups that can help you clear your credit file. Maybe worth checking (googling?) to find one of these? Sorry I can’t add more – but I thought I recalled reading of such firms a few years back….

Since the debt has been repaid without discounting (assumedly) you…[Read more]

Hi RYF,

You have lots of questions – and that is a good thing when starting out. It is far better to ask than to assume.

Anyway, my best advice right now would be to take a look all through this thread:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/

There will be answers there to some of the…[Read more]

Hi Nan,
I believe it is a good idea – mainly for asset protection. Imagine if you had a loan for your home for some years and you suddenly wanted to go buy an IP – AND got finance from your current Bank.

First, they OFTEN set things up so that the two loans are “crossed”. I have found you need to nip that in the bud when first seeking a…[Read more]