redwing Posted – 02/01/2006 : 08:32:20

I must be tired..

Why has Calvin got the 27.5k Loan..is it for when he is ready to buy an IP?

The other Loan $168k is P&I
(7% @ 25 yrs is $273.79 p/wk or $1,187.39 p/mth)

PPoR is $260k for arguments sake when completed and total loans are $168+27.5k =$195.5K

LVR = 75%
EQUITY= $64.5k

Nah, you’re spot…[Read more]

Hi Colin,
1. Don’t know, I wasn’t there when it was tilled. The girls opf the house did that section, and I think they may have been a bit slack! I did a whole shovel depth, but they have begrudgingly admitted tio not have reached the same depth. Aha!
2.All burried things have been removed, to 0.5 of a shovels depth!
3. the area is around a mature…[Read more]

Cheers Guys,
estimated value of our PPOR should, when finished, br close to 250 maybe 270K. We have big back yard and now it’ll be finished and fully self-maintaining (except the lawn mowing).
We got 220K for the unfinished product so finished all nice’n’pretty should come in at the expected prices above. Other houses, not as nice and fresh as…[Read more]

hehehe, just came back into the door from my Bus round (jog #2) and had some time to think about what was said earlier.

I love the way my subconcious is working! Wish the rest of my brain worked that well, hehe, anyway the reason for our current setup is that the $168K is for the PPOR, plus payout of our Personal loan, plus some minor…[Read more]

Stop it Derek! – you making me look bad! LOL

I might have to go away and think this whole thing thru a lot more! I must admit I’m feeling a litle foolish right about now.

The 27.5K is fixed for three years so I’d have to look into seeing if it is worth it. Damn it ……[grrr]

Not at you, just at my own stoopidity.

Cheers
C@34

Our greatest…[Read more]

Originally posted by Zyleth:
@ Calvin

Thanks for the info, although I don’t think I am 100% clear on the mathamatics behind your response. If I am spending $370 pw on rent a week (damn sydney [glum]) and get a +cf house earning me a little extra a week, how does this compare to owning my own house with hopefully lower repayments than $370 and…[Read more]

redwing Posted – 30/12/2005 : 16:46:00

Funnily enough John T Reed promotes his own books whilst giving the majority of others a hard time..

…souinds like a friend/ brother of Neil J…??

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

Don’t let…[Read more]

Hi Derek & redwing

I honestly never considered your alternative! Bit surprising actually, thought I had it all figured out! [baaa]

I would prefer, for the moment, to pay down the Principle. Depending on how things go, say in the next 12 months, I might very well reconsider as it is a powerful argument you have put forward.

Cheers
C@34

Our…[Read more]

monopoly man Posted – 22/12/2005 : 20:17:36

hi all. I’ve never had to refinance before and i’m a little hazy on all the ins and outs. My current situation is this. I have $195 000 left owing on a loan that started at $206 000. My current fortnightly repayments are $600. Is it possible to get another loan for the amount owing [$195 000] and thus…[Read more]

I guess that it is the initial impression after having been a member for so long that the change seems confrontational.

I felt that too when I started and made the suggestion that the RESULTS forums be collapsible so I wouldn’t have to scroll past them all the time. It has happened, to some extent and I believe that Steve is trying to sort out…[Read more]

New Zealandese
No one bothered to translate the book into American even though the U.S. is by far its main market. He uses the word “property” to mean real estate, “gearing” for leverage, “requisition” for eminent domain, etc. The most egregious example, which is extremely misleading, is his use of the word “rent” when he mean…[Read more]

Thanx DD –
great working example! Simple but effective!

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something one more time.
– Thomas Edison

Don’t let reality be the benchmark for your Dreams

Colin et all,

it was suggested to me to “use diluted dishwashing liquid” in the areas where the water tends to sit, rather than be absorbed by the ground. The idea is to create a situation where the soil then becomes more receptive to the water allowing it to be absorbed thereby stopping the water from pooling and, hence, the algea would die. phe…[Read more]

[evil4] Know any knuckle-dragging-club-weilding goons looking for some fun??[satan]

One of my friends neighbour bought and spread sugar all over the yard of the person they didn’t like, with interesting results, hehehe. NOT that I am advocating this sort of thing.

Hey, if the tennants are refusing to pay the rent, does that make them…[Read more]

gamay Posted – 28/12/2005 : 23:22:37

Contract is under his name for another 6 months as well as 4 weeks bond

Forgive my naiivety, but does this not give you the legal right to charge him the rent until another tennant is found that can pay the rent???

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to…[Read more]

Originally posted by Zyleth:
They don’t see any point in us paying for someone elses IP while trying to get our own. The would prefer us to be paying off our own home then get our investement portfolio going.

Aaaahhhh, they are from the ‘Old country’!? [bonjour]

First of all, if you buy, you only need to stay in it for 6 months within the first…[Read more]

DLPP Posted – 27/12/2005 : 18:18:01

I have been reading a bit on this lately and will be putting my own together. When I am finished I will post it up on the site or a link or something.

I’d appreciate that, together with the blue print of Redwings post, I should find enough motivation and focus to really get something happening next (2006)…[Read more]

Awesome post Redwing!

Love it [thumbsupanim] [thumbsupanim]!

Funny how simple it really is – unless you don’t know how to do it. For me, that was very succinct (more so than any other I have heard!) and will replace the New Years Resolution.

Happy New Year!

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed…[Read more]

Hi Sue,

no nothing like that in Hedland, I’m afraid, but I have bought my own Ph Kit (I am trying to get into Bonsai, but no-one told me it would take soooo long!) [biggrin]

I’ll try the pH test together with the other suggestions.

Cheers
C@34

Our greatest weakness lies in giving up. The most certain way to succeed is to always try something…[Read more]

Cheers for your input Colin,

W ehave already backed of our watering regime, but we wanted to follow the istructions of the Turf farm to ensure that we are doing the right thing.

Living in Hedland, were we are currently ejoying a balmy 47 degrees [hmmm], we are watching very carefully to ensure that our lawn doen’t die! the temperature alone…[Read more]