great idea Dr.X. thats great, like charge em 50% more for it and with your tax deductions you only pay half so your like double cashing in, and its like providing them with a service. Great.

Ok good locations. Um, im a local blacktown resident. I would like to buy local, which suburbs around and in the blacktown district are good. (ive heard that…[Read more]

Originally posted by Qlds007:
With a large DEF of 4% you do not have much choice but stay put

Whats a DEF, why is 4% high. Can someone please give me a tutorial on this.

Christopher.

Thanks. I think an IO loan and a 100% offset account is the way to go.

Thanks David and Amy. Both of your idea helped alot. I think I won’t be going to a fee-paying place, im going to do the up front 20% off thing, excellent:).

Um, David that link that you put there, it doesn’t work. Can you tell me more about these jobs. Just general information.

Thanks.

Christopher.

Thanks David. This offset stuff sounds tricky but also financially intelligent.

My love for real life is very real. I would read your book, but i’m in my hsc year at the moment and things are really getting hectic now. so much to do. My love for real life is getting stronger and will only be supressed in say another 25 years or so. good luck with your book though.

Watch out they might steal your identity. And with that they could have a bit of fun with your partner…….

The $200-$550. hmm. What are some tips to reach that higher region, nearing $400-550.
I’m only looking at residential property investing. And at the moment only houses, like no flats or apparments.

If i just have an interest only loan and i make extra repayments(to build equity). Will the extra repayments like have fees attached to them(or any things that will take away from doing this option).

Also I have been hearing about these offset account. I have no idea whatsoever to what these are at all. Can you please help??

Thanks. That confirms my idea that the most common, like average could be ~$300. Though it can be much higher and lower.

Thanks.

hmm, I have just looking in the UAC book and seen your in VIC that cancels out your uni. So there is UWS(university of western sydney), which as business/commerce at 65UAI. I’ll easily be able to get a commonwealth supported place. Hmm, how did you get the 20% off, can i do that somehow???
your lucky, your parent help with your expenses like…[Read more]

Thanks Amy that reply was useful,hmm. Um, so your doing business/commerce, what uni is that at?

Um, with a fee paying course can’t i get like fee-help, where its like HECS but the government doesnt help to pay it off.

I’m not 100% on this, your more trained, can you help.

Also what UAI did you need to get into your business/commerce, as that…[Read more]

Originally posted by balkanwarrior:
or I could even just change my address to there but remain at home with my folks and use those 6months to do any outstanding repairs and minor renovations

Would this count as actually living there?
Is it legal?
Hmmm? food for thought for me.

Buy an old dump. Change my PPOR to that place but live at parents.…[Read more]

Originally posted by APerry:
Make sure the loan you get is interest only and that you have a 100% offset account attached

What is a 100% offset account? I’ve heard of of this term before at all!!

I’ve got confusion here aswell.

Ok same house 100,000(LVR100) and after 5yrs its worth 150,000.
Loan is still 100,000.
So say I buy another house for 350,000. And have no deposit and want to use the equity in my other home(150k one).
I need say a 50,000 deposit. I use my equity.
Does this mean that my old loan is now 150,000 and my new one…[Read more]

well one obvious way would be to pay off the loan really quick and then you will have a positive cashflow property.

Um, other than that i don’t know, i’m new to all this stuff. And i’m not keen on any renos or doerups

Sounds like a nice book title- “Acquiring a Positive Cashflow property in 8 weeks”.

Maybe you could make a book out of it. Hmm, I would be interested in a copy.

I don’t mind if anyone adds any info. I’m wanting more and more replies and ideas to help me along.

Hmm, regarding the income. Um, I have been working casual at Quakers Hill McDonalds since July 2003. But thats casual. How does that work with part-time. I’ve heard that casual income does not get counted as income when getting a loan.
Also with…[Read more]

Thanks David and DLPP. Both of your replies helped me. I’m just wondering with the part time thing with uni. The course of just commerce is 3 yrs full time. And 6 part time. That means i’ll be 24 when i get out. Is it really difficult to get a job after uni? How do the fees work for part time?(i guess its the same,hmm).

Also David with the…[Read more]

Thanks coopranos. I already looking at the ‘TheRichest Man In Babylon” in ebay and planning to buy it in a few days.

Ah, I found about that Hays thing. I see it says an unexperienced graduate would get 37,500. Then an assistant account(dont know what that it) gets 45k for up to 2yrs, 50k 2yrs-4, 60k 4yrs+.

How would I move up to the next level.…[Read more]