Originally posted by Dazzling:
Simon,

Mate….I know you don’t like being pushy….but…..aren’t you the gun hand when it comes to Mortgage broking over there and indeed based in Newcastle ??

Kriscot, I think the right person you are looking for is right under your nose mate, and has already replied to you. Check him out, you could do far…[Read more]

Hi Matt,

I have deleted the repeated thread in General Property. Double posting means that conversations can become disjointed and make it difficult for individuals to follow.

All the best trying to find a mentor.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Brett,

This thread has an extensive discussion on many of the key points.

https://www.propertyinvesting.com/forum/topic/7693.html

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Originally posted by quiggles:
be clear as to why you are doing this. Does the property fit into your strategy? If you haven’t got a strategy, get one of those first.

Good comment Quiggles – got to know why the property is being bought.

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Paula,

Congratulations for wanting to improve your ‘lot’ – you are amongst friends here who are pursuing thing albeit we may have slightly different philosphies.

For starters do not be afraid to buy an investment removed from your place of residence. There are many here who do exactly that with some people owning IPs across the country and in…[Read more]

Hi all,

Picked up the financial review and it had some statistics that may be of interest.

Kambalda – 112 sales in 2005 (huge number of sales), median price $91K, 6.4% growth in 2005, 10 year trend 1.7%.

West Kambalda – 16 sales in 2005, median price $93750, 4.6% growth in 2005, 10 year trend -4%.

Certainly not numbers to be excited…[Read more]

Hi Aussie,

Good comments – something those of us who live in prone areas should consider.

A couple of points that individuals should remember.

When a bushfire approaches it is usually on a large front. Invariably the capacity to allocate a fire appliance to each threatened piece of property is severly limited so individual homeowners should not…[Read more]

HI Graeme,

I suggest that you do a search – the search function is located under the Forums button at the top left of the screen. Roll your mouse over the word forums and you will get access to search facility.

Julia Hartman (www.bantacs.com.au) used to post here quite regulalry. She however is basedin Bribe Island – may be worth a…[Read more]

Hi Pups,

I would suggest that your accountant be sourced from references from other property investors – this will save you a lot of time, effort and heartache. I suggest you indicate your state/city and you will invariably find that others here can recommend a suitable accountant.

In much the same way individuals may also be able to recommend a…[Read more]

Without knowing the Victorian suburbs my comments are more of a general nature.

Debt for your own home is amongst the most draining of all debts as it usually takes up a large chunk of family income and has such a long life. In essence the one thing I would strongly advise is to start modestly so that this financial drain is not too…[Read more]

Hi ClairS,

This topic comes up from time to time and a number of issues associated with retirement villages previously canvassed.

I recommend you use the search facility which is accessed via the forum button on the left side of the top of the screen. There is a drop down menu which appears when you roll your cursor over the forums…[Read more]

Hi Terry,

Yep I did mean ATO – have edited the error in the original post [exhappy]

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Mitzu,

I believe Terryw is based in Sydney.

http://www.discoverhomeloans.com.au

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi FR,

For what it is worth I would prefer to see you make a concerted effort to reduce your existing debts before embarking on any investment program.

Use 2006 to pay down the one of the loans (I assume there are two loans $12K + $20K) and then look at a joint investment with your mother.

As for financing investments – many investors prefer…[Read more]

Hi Redwing,

Calvin has an IP in Nollamara (from memory)

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Janey,

Try this

http://www.consumer.vic.gov.au/CA256902000FE154/Lookup/CAV_Publications_Renting/$file/RentingComplete.pdf

Derek
derekjones1@bigpond.com
http://www.pis.theinvestorsclub.com.au
0409 882 958

Hi Brett,

Congratulations on wanting to start your investment journey so early. A common thought throughout this forum is ‘if only I had started earlier’.

As it currently stands you have time on your side and as such you should, with commitment and diligence, be very successful in the long term.

The critical issue for you when determining which…[Read more]

Hi Matt,

Congratulations on the job. You will find the real estate can be profitable – but it can also entail hard yards so all the best.

Working in the industry you will have opportunity to see many deals before they ‘hit the market’ so from that perspective you are well placed.

Just remember this community is all about sharing of information…[Read more]

Hi Joel,

Congratulations on having clear and diverse goals for yourself. For many people this is their stumbling block and they often end up doing what they always done.

Originally posted by joelc:
What I want to know is is it feasable to put down a large deposit (30-40%) and turn a -geared IP into a +Geared IP and hopefully rely on CG on…[Read more]

Hi Terry,

We do have free redraw capacity and have used this to fund investments through reduction of the loan limit (after allowing some breathing space for ‘bad times’) and ‘transference’ of the equity into equity loans/loc.

Might be a little convoluted but it does clearly distinguish between personal and investment expenses, on paper and also…[Read more]