Hi AB,
That appears to be a US-based website. I am sure such a product is available here too – akin to a Life Policy that pays off the house if you die, yeah? Not to be confused with LMI (Lenders Mortgage Insurance) where you pay a premium to protect your lender.

If the above scenarios are covered through the Super wouldn’t we be over i…

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Hi AB,
That appears to be a US-based website. I am sure such a product is available here too – akin to Salary Protection, etc. Not to be confused with LMI (Lenders Mortgage Insurance) where you pay a premium to protect your lender.

If the above scenarios are covered through the Super wouldn’t we be over insuring ourselves by paying a p…

[Read more]

Hi AB,
Do you want to expand on “MPI” for those of us who don’t know what you are referring to? Sounds like some kind of Insurance, but…. is it a “Multiple Property Insurance?”

Benny

Hi Bond,
Welcome to this place – it is good to see you already drawing on the collective knowledge of this place, and it sounds like it is going well for you. Some good answers there from those who know.

I’d like to add a bit too – and that is simply this – it could be possible to borrow up to 90% on your Mossman IP. LMI would come into it,…[Read more]

Hi Karen and June,
It is a big subject – try this link as a starter:-
https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697974

That post also has another link that expands on the subject – once you have read all of these, you may have a pretty good idea of what is going on, and you may not need…[Read more]

Hi Chattaway,

In case your question is looking for guidance in print, let me direct you to Jason’s recent Article :-
https://www.propertyinvesting.com/how-to-invest-in-real-estate/

Look in Chapter 3 – which is all about goal-setting. It provides a lot of practical commonsense in writing – e.g. the bit about “half life, Third Value” (you’ll…[Read more]

Hi TraceanDave,

+1 for the above two posts !!

Watch out for ANY company who wants to know how much Equity you have in your own home – and watch how quickly they snub you if you have none, or little.

See, they NEED you to have equity so they can sell you an OVER-priced property yet still be paid by you (indirectly). And by providing…[Read more]

Hi TraceanDave,

+1 for the above two posts !!

Watch out for ANY company who wants to know how much Equity you have in your own home – and watch how quickly they snub you if you have none, or little.

See, they NEED you to have equity so they can sell you an OVER-priced property yet still be paid by you (indirectly). And by providing…[Read more]

Hi Tim,
Your title mentioned an 8% fee – is this a number that has been quoted to you? It seems way too high to me. At that kind of rate I would be looking for another alternative !!

I was interested to hear you have started a company. Do you want to share what you do? e.g. a company that does reno’s, or developing, or sell Real Estate,…[Read more]

Hi Sean,
Well, as one who tends to be a bit cautious myself, I would tend to side with the Building Inspector (whom you employed to make you aware of any problems, yes?). Now if he says “Get it checked”, and I were the buyer, I would start to consider my options.

The current owners have said that they will not pay for Structural Engineer…

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Hi JJ10,

Depending just where this house is, could you try contacting a local glazier. Seems all you need is someone to “rubber stamp” the work done by Stegbar – for a few dollars, or a carton !! ;) Hell, you’d probably pay a goodly amount to have this behind you, wouldn’t you?

But really, I have no blooming idea !! Hopefully one of…[Read more]

Hi JJ10,

Depending just where this house is, could you try contacting a local glazier. Seems all you need is someone to “rubber stamp” the work done by Stegbar – for a few dollars, or a carton !! ;) Hell, you’d probably pay a goodly amount to have this behind you, wouldn’t you?

But really, I have no blooming idea !! Hopefully one of…[Read more]

Hi AB,
Developing is a great way to build Equity. I haven’t done it myself, but, if younger, might have had a crack at it. I have attended a couple of developing seminars – they make a lot of sense. Good luck to you in your venture, AB,

Benny

Hi Rillanon,

So we should actively try to get our third loan for the house from a separate bank.

By that, I think you mean “The loan that has the new IP as security” (not the loans that exist against your own home). As I think things would go:-
1. You would have an existing Mortgage against your PPOR (own home)
2. You are looking to borrow…[Read more]

Hi all,

I was able to get a Back Issue from here late last year :-
http://www.yourinvestmentpropertymag.com.au/magazine/

See the “Back Issues” section.

I note that the magazine from that date (Dec2013) doesn’t show for me now – maybe they are restricting me from getting another copy? I can’t think they have “run out” of electronic…[Read more]

Hi Lisa,

… part of me thinks that I’d be better to purchase a property that has some potential to improve ….

What a good thought !! For many, particularly in their early days of investing, a positive cashflow is desirable (even mandatory?). Without enough cashflow, we lack the stability to “weather the storms” that may eventuate.

On t…[Read more]

Hi Lisa,

… part of me thinks that I’d be better to purchase a property that has some potential to improve ….

What a good thought !! For many, particularly in their early days of investing, a positive cashflow is desirable (even mandatory?). Without enough cashflow, we lack the stability to “weather the storms” that may eventuate.

On t…[Read more]

Hi Lisa,

… part of me thinks that I’d be better to purchase a property that has some potential to improve ….

What a good thought !! For many, particularly in their early days of investing, a positive cashflow is desirable (even mandatory?). Without enough cashflow, we lack the stability to “weather the storms” that may eventuate.

On t…[Read more]

Hi AB,

Try Corey himself. I’m sure he will do an outstanding job for you. If you are looking at changing Banks, that is an ideal time to sort this kind of stuff out. Corey knows it chapter and verse, and will surely show you your options, and why one way is better than other ways. That’s what good MBs do.

If not Corey, there are a…[Read more]

Line them up in an appropriate order, and be wary of booking them all in too close together in case one attends later than planned.

Good one, Jacqui !! Such an important consideration….

Benny