Indeed F, indeed. One would surely be eating 2 minute…[Read more]

I’d personally keep your PPOR. Living in your your own home has it’s own emotional responses and effects, and IMHO, those feelings are more important. I put family ahead of everything. The family…[Read more]

The most important thing to concentrate on would be reducing that personal loan ‘bad’ debt, and increasing intellectual knowledge in the mean time! So, while you pay down that debt, read read read, and grow more and more knowedgeable.

As…[Read more]

It’s a huge toss up to either invest in smaller IP type properties now, and sacrifice the FHBG, or save up for a bigger deposit, and buy your PPOR with the FHBG. Passing up the grant, and more importantly, the fact…[Read more]

The question I was leading to was how much MPI cost, but you also covered that! I guess it comes down to working out weather it’s better to pay the MPI and have the advantage of taking out a higher LVR loan, or saving a larger deposit and…[Read more]

That makes sense Terry, thanks. I’m just trying to get my head around it though… Because the principle of the initial loan has increased to $120,000 once we draw out the equity, I assume repayments will most probably be higher? You implied I’d need to refinance, is that correct?

If you wanted to…[Read more]

Are the six costs you mentioned generally speaking the big six which would need to be considered when evaluating any CF+ deal? I don’t mean the figures themselves, they will obviously vary with location, but the actual type of cost…

If it’s for both, that does sounds good. And the casual reader could not be excused for thinking that you got both in the price. Though if you…[Read more]

Welcome on board. I think everyone is in your position at one time or another, and as a result, this forum gets flooded with questions very similar to yours. [blink]

This forum is full of rich information which you should try to absorb and take it (as overwhealming as that seems at first). In addition to the books you’ve ordered,…[Read more]

I guess I should have described the property a little more. It’s a 3 bedroom house, close to schools, with polished floorboards throughout. The area is semi rural, but NOT Broken Hill, or that isolated. Have already done that search, and thought twice having read up on these forums about the area.…[Read more]

Times have changed, and so must techniques. As Steve’s said many times, CF+ properties can no longer be bought, but created. See a problem, then think creatively to try and solve it. Do yourself a hige favour and buy “Rich Dad, Poor Dad” by Robert Kiyosaki… It’s now a few…[Read more]

Regarding these type of cosmetic improvements, particularly gardening and simple landscaping, what sort of return could you expect? I realise this is obviously a rediculaously broad question, but maybe some examples, or rough estimates?

My only other question would relate to how you found the tennant. Did you simply advertise the space, or did you have the opportunity lined up through networking before…[Read more]

What are the tennants actually paying for on the land? Some commercial lease on the “crappy rusty sheds”? For someone to be…[Read more]

Yep – Dave and I have shaken hands, thanked each other for the memories, and decided to part ways.

There is no gossip or hidden agenda. We had simply reached a point in our business relationship where we wanted different things.

Rather than compromise and end up with a lose-lose outcome, we respected…[Read more]

Welcome to the world of property investing.

Not sure which of Steve’s books you read, but the market has definately changed a bit since he wrote his first one. That’s not to say there’s not the same kind of opportunites which he utilised out there, you just have to look.

I’d be very (very, very, very) suprised if you found a…[Read more]

Raby
Campbelltown
Mount Durrit
and surrounding areas??

(I hope I haven’t offended anyone living in these areas).

Terryw
Discover Home Loans
Parramatta
Terry@discoverhomeloans.com.au
Sign up to my mailing list.
Just send me a blank email, with “subscribe” in subject line.

Oi watch it buddy, I live in…[Read more]

… In addition,…[Read more]

The picture you paint is a little blurry… And Ron, being new to the scene may be a little dazzled. How much are the apartments? It’s fine to say he’d only have to spend $7K, but how much would his loan have to be, and his interest repayments? How much do you expect rent revenue to be? [hmm]

Only once he (Ron), and other know this…[Read more]

I’m no pro either… but 30K isn’t a small deposit. Steve’s first was 10K, and look where he is now! Most brokers will let you borrow somewhere between 90 – 95% of the value of the property… so there are a lot of paths you can choose to walk down. Don’t underestimate your achivements, and what you can achieve.

There are plenty of…[Read more]

… however, if it was a normal loan, i would have thought the hole which the tennant and tax man are burning in the amount owing (along with the calculated return) should definately be taken into…[Read more]

I guess fear of the unknown is what turns me off going the IP route to my goal. I can see how saving a deposit and getting a loan will get me in the house I want in a few years, but the path of buying smaller Investment Properties now is blurry. Could you guys try and explain how this would achieve my goal more…[Read more]

As tempting as buying the house outright sounds, I’m still more tempted to save risk free while I’m comfortably living at home, and buy the house I want to live in when I have my target saved in a couple of years. I work a decent full time job, and also a second job part time, so getting cash away at the moment isn’t too much of an…[Read more]