Hwd007 thanks for sharing your nightmare with us, I feel sorry for you, and the scary thing is, it can happen to any of us, unless you live in the area and manage the property yourself.

No matter how well you interview PMs beforehand, they can all come up with smooth talk and later you find out it was all talk no action. How frustrated you must…[Read more]

Aha Chook, you live so close![]

Sydney. Campbelltown area, where do you live in Campbelltown, Rubbachook? I live at Eagle Vale.

I have actually written to some lenders in The Netherlands a few months ago (I was born there). (No I don’t mean I was born there a few months ago[:0)])
I was interested because you could fix a loan for 5 years at 4% interest! Variable at 3.89%. Very attractive, made me feel GREEDY[}]. Not sure if rates have gone up since then.

But all I got was…[Read more]

I have a line of credit over my PPOR and we have used this so far for a deposit (20%) and all cost on an IP. For the remaining 80% we have taken out an IO loan (fixed[])
The idea is to repeat this with our next property.
We now dump our savings into this LOC to keep the interest payments as low as possible.

I have one question about this though:…[Read more]

Neither have I, but eager to find out!

I can personally recommend Simon from Mortgage Hunter, he organised our loan and is very helpful, really honest and also unbiased.
I have nothing but good things to say about his services.[^]
I don’t live in his area but we were able to arrange everything by faxing and emailing.
He always promptly replied to all my enquiries and many…[Read more]

I have to agree with fatboy, the IPs are our future, and like fatboy we also stopped salary sacrifice, we rather put this amount into our (unfortunately) negatively geared IP. I certainly don’t want to be penalised for thinking of my own future, and also the GOVT should thank us on their bare knees for we provide housing and otherwise they’d have…[Read more]

I always liked this sentence from one of Janis Joplin’s songs:

“Freedom’s just anonther word for nothing left to lose..”

LOL Rubbachook, sorry Kay Henry, let’s change you back into a she/her!
Hopefully I haven’t given any other forumites a sexchange![]
Rubba you can go on fantasising.

LOL Sooshie, I forgot about my reasons, I hate to hand out compliments, but Sooshie is making me []

Melbear is just always there for everyone with great advice, is ever so friendly and explains things very well. Wonderful person!

Mortgage Hunter (Simon) is just the most wonderful guy, very professional and helpful and understanding, always…[Read more]

THis is such a hard topic to dicuss (well for me it is) as I can see two strong contrasts:

No I definitely do not want to take advantage of vendors in a bad financial situation:Love[:X]
Yes I want to pay as little as I can for an IP: greed.[}]

This is a very personal topic, What seems OK to one person may feel terrible to another. Although there…[Read more]

SIS I am soooo jealous[] (I’m sure others are, too!)
I really think that you have a knack for it, born to buy cf+ IPs I can’t find any. I wish I knew how you did it!!
May be you’re in a secret location with lots of cf+ around you.[:0)]
May be you have a good developed intuition and all you have to do is follow your nose to find them.[]
Or do you…[Read more]

Thanks SIS and Sunshine for your great info, I don’t know enough about all this, so I need all the info I can get. []

Shoot me if I know.

I find it very hard to single out one person, there are so many wonderful forumites. So if I can have a few favourites, Melbear [:X], Mortgage Hunter[:X], Billfromoz [:X](so[] he left) and Westan[:X], and I like SIS [:X]also. Also many others.[:X][:X][:X]
Don’t make me choose, I can’t!!![]

[] Bill I fully understand why you want to say goodbye, but I feel sad you’re leaving. []
You have given me such good advice on the forum, it helped me make the right decision. Gee I will miss your input!

All I want to say is you’re a wonderful person and I wish you lots of luck and happiness for the future.
[] Warm wishes, Celivia []

“…secondly negative gearing in it’s current form must go. I think it keeps prices at an artifically high level and rents at an artifically low level. So I believe neg gearing needs to be changed to be more like the american style. Keeping deductions in the same asset class is quite important I think.

dglees 45, would you mind elaborating a bit…[Read more]

Just jumping in if you don’t mind, Barbara, to say I’m glad you asked this question because Melbear provided the answers to a question I had about getting a depreciation schedule done on our old property (built in 1935 but has been renovated). I couldn’t make up my mind whether I should or shouldn’t and now I know I should [^]. So thanks Melbear…[Read more]

Our first IP has only just settled. We took the deposit and all costs out of the LOC from our PPOR which we had paid off.
We will do the same thing for the next property.
I like your idea, Erika.