Hi Strawberry,

I would counsel you to carefully think through what you are considering doing as trying to reenter the Sydney market after a period of time out bush may be even harder than it currently is.

Just imagine how you would stand if you moved to Thora and for some reason/s did not like it or found it wasn’t what you wanted. Is it…[Read more]

Hi K and R,

Congrats on the looming arrival. You will find that the little bundle does change things quite significantly (well it did for us) and your priorities change somewhat.

If you plan to remain living where you are there are significant lifestyle advantages to making your place more comfortable. From your comments I get a sense that you…[Read more]

Hi Brett,

I must admit I do not know the answer to your question. I had heard the 40% figure around the traps but this was not from a broker/banker so I would not bank the house on this return either.

For me it seems you have made a business decision to move banks and therefore any LMI refund you get could be considered a bonus. If you want a…[Read more]

Originally posted by Nigel Kibel:
However why country NSW.

Errrrrr – it is going to be Strawberry’s PPOR.

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

Originally posted by calvin@thirty4:
is that the $168K is for the PPOR, while the $27.5K is a deposit on an IP.
C@34

Hi Calvin,

A minor [exhappy] detail overlooked in your original post – I thought the two loans were for investment purposes. I will modify my original comments somewhat.

Retain the $27.5K loan as it is fully deductible – do not…[Read more]

Hi Calvin,

No problem – while I may be making some suggestions to you and they could enhance what you are currently doing it must be said that you have made the most important step of all – bought an investment.

The rest is all ‘small stuff’

Cheers – enjoy the Hedland summer.

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

Originally posted by calvin@thirty4:
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.

Hi Calvin,

Whack the surplus into an offset account. This means you reduce the monthly interest bill while…[Read more]

Hi Jules,

Big tree = professional tree loppers with their own insurance policy in place.

Too many things can go wrong with large jobs like this.

Some local councils have a tree register and there may be problems simply cutting down a tree. Give them a ring.

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

Hi Cabo,

As Redwing has said your friend will only make his Victorian property exempt for the period that it is his PPOR and as such the benefits to be gained through this process are negligible.

Given the property has been owned for some period of time your friend may be able to elect to use a more favourable CGT calculation method, combined…[Read more]

A correctional facility will also employ a number of warders and will provide flow on economic benefits into the community. Whether or not these are significant is dependent upon the size of the community.

We live in a 30000 city with correctional facility and there are some econmic benefits to the local community – however there is no evidence…[Read more]

Hi KB,

For me I would suggets that you start with something a little more standard as your entry into the housing market. This will give you a great opportunity to learn some of the ins and outs of property investment in the beginning. Issues such as tax, finance, structuring, property management, insurance, and so on are all learning experiences…[Read more]

Hi Jules,

Provided you meet the PPOR residential requirement then you are able to rent out a room or part of the property.

Check out http://www.firsthome.gov.au/ and then go to the bottom of the page and bring up the relevant state authority. This question is one of FAQ under residency.

Any rental earned under this arrangement should be…[Read more]

I am making $1200/month payments on the P/I loan on a fortnightly basis to get ahead faster! This way, the estimated pay-out time for the P/I loan is 18 years. [thumbsup2]

Hi Calvin,

I appreciate that investment beliefs etc are different but have you considered the possibility of I/O loans instead of your existing arrangement.

Using 7%…[Read more]

This post has been moved to the following thread

https://www.propertyinvesting.com/forum/topic/21460.html

to keep conversations orderly.

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

Hi Ffiona,

If you included (did you?) the satisfactory building inspection report clause in the contract of sale then I would action this for your own peace of mind. If you have not included this clause then I suspect you will have great difficulty ‘getting out’

Either way I wonder whether this property is suitable for you given the distance you…[Read more]

Hi sk8r

You may have already come across this link, but just in case you haven’t. Try

https://www.propertyinvesting.com/strategies/lease-options.html

or

http://www.financiallyfree.com.au/leaseoption.htm

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

Originally posted by Qlds007:
We closed a dead for a client on Friday

Hmmmm – nice typo Richard[biggrin]

Writing these deals all of the time is not good for repeat business. I also suppose word of mouth advertising opportunities are limited with these deals. [bigeyes]

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

Hehehehe

The poor POMS.

https://www.propertyinvesting.com/forum/topic/21339.html

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

South Coast – it’s now raining.

We went to the hills fires last year too.

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

Originally posted by calvin@thirty4:
What are you all doing for BFS?

Hi Calvin,

I have dusted off the protective clothing, issued over 100 burning permits, checked over the fire vehicles, conducted some education visits for local residents, attended countless preparation meetings and training sessions as part of my role as Fire Control Officer…[Read more]