The truth? Crikey! Strueth! Strike me dead!

George Bush!!

Nuff said….

Cabo Wabo

I also doubt it would happen. I agree completely with KenKoh2000’s 3rd point about the gov footing the bill for housing the poor.

If it did eventuate, sure it would slow me down, but it wouldn’t put me off.

How about this: If it did happen, then a lot of people would sell their neg properties. If you could weather the storm, afterwards,…[Read more]

Here’s what i want to know:

I put a post out a lil while ago asking about whether or not you can include tax back on your IP interest in your DSR. The reply i got was that some lenders do consider it.

When they do, would that tax back be classified as earnings and hence multiplied by 35%, or is it Rental income and multiplied by 70%. (using…[Read more]

Gross,
I’ve a sneaky feeling they might be a sham, cause they’re sringing me out on my space station deal. Launch is in 2 days for christ sakes, and i’ve got ZIP!

I’ve got it all planned out. I’m gonna take a whole bunch of beads n sh*t up into space, and then flog em off when i got back for like 3 times they’re worth… positive CF and all! I…[Read more]

If any of you know even a lil bit about excel, i’d highly recommend trying to create your own loan tracking / property spreadsheets.

I’m still not that flash at excel, but have created over time a setup that i keep modifying and improving. It gives me great peace of mind, and i’ve learn’t heaps doing it.

When you do this yourself, it is…[Read more]

Come on guys, this is the big question:

Does anyone know what proportion of lenders will give a 80% LVR on a single title unit complex?

Cabo Wabo

Has anyone done this with say a 4 unit complex? Is there much of a $$ commodity of scale in doing this with with a 4 unit setup as opposed to a 2?

Cabo Wabo

Thanks Kattan.

All insights appreciated…

Cabo Wabo

Whats it cost to split the title?

Cabo Wabo

Qlds007,

Roughly, what proportion of lenders are willing to do that? Care to name a few?

Cabo Wabo

Just want to say “thanks Redwing”. Without that link you posted, i’d never have gotten the $95mill in need to spend the coming year in the space station…. and what more, i’ll have a bit left over to get some duty free on the way home. Awesome..

Cabo Wabo

I don’t think its only south hedland. I’m from WA too, and I did a bit to asking around the other day, and got the impression that they are a bit cagey about many country towns. I didn’t go into particulars about which ones. The banks see properties in them as harder to sell should they foreclose on you (heaven forbid).

Cabo Wabo

Thanks Stu, will do mate, will do….

Cabo Wabo

I’ve spent many years in Kalgoorlie. Personally, i wouldn’t invest in a mining town. Too cyclical, and a very transient population.

Cabo Wabo

I’m a mining engineer. We dig big holes and blow stuff up….

Cabo Wabo

Google earth is bloody awesome!

Cabo Wabo

My current lender tells me that in the instance of where multiple dwellings are on the one title, then they won’t go past 65% LVR. Another bank said 70%. This could be quite restrictive i’m thinking, so i’m looking into it.

Has anybody else go lil handy hints regarding purchasing units etc? I’d like to keep this string going for as long as…[Read more]

I’ve just notices that on this forum board, “Meak” is also chasing down the same info…. I’d chat to my mortgage broker, but he’s out of town for a few days…damn.

Cabo Wabo

Qlds007 (Richard),

I appreciate your itemised reply… thankyou.

Cabo Wabo

Its hard to phrase what i want to say. Its more of view on life and one’s potential. Rather philosophical, and maybe a bit arrogant…

….Take the time to observe our society. Look at those around you. Not just tomorrow, but everyday of your life. Listen, and be open to new ideas. See what people prioritize in life, and what they want. Read…[Read more]