Barney, how can we help, this is a help needed forum, ask away i'm sure everyone here is very happy to help out, thats the impression I get when I ask my questions.Ask Away…..

beaniemonster wrote:
Be constructive, we are all here to learn and share… not pick on newbies like we are AT school! 

This is bully-free forum. Nuf said.

Even if you buy now and have no or little growth for a few years you can still put money in an offset account and may have a positive CF position, then after those few years you will be laughing when the boom hits. Whereas if you sat back and said yea next week, next month, next year, next lifetime, you'll be sitting watching the news on TV with…[Read more]

I wish I bought one of them, then I would be officially a property investor.Give me 2 and a half years and I will be jumping in and soaring higher and higher. I'm so excited about my future, I don't know how people can keep on living their day-to-day if they have no dreams or desires. You've got to dream a little, then wake up and tackle the…[Read more]

Remember you don't have to invest in your own postcode or even a surrounding one.Many people even invest in real estate interstate and some overseas. So investing on the other side of the city, if its more affordable its even better that means you can g et in quickly and you will be able to expand your portfolio much quicker.If the reason that you…[Read more]

Buy now or buy later??Ask that question to yourself everyday, for 10 years, and you will be following the buy never idea. You need to be in it, get in as quick as you can, before you turn into one of those old people full of regrets(like oh "IF" I only bought an IP back then I would be…)For me I can't wait to get in, i'm so excited.

Tyson I like how you compared the depreciation to borrowing money.People always say you can't save atx, but just defer it.Thats like saying to your friend Bob if you can borrow 10K now and give him back 5K in 10 years. More logical to do this, evne though you have to less than half back due to inflation and the 50% discount.Great stuff,…[Read more]

Thank you everyone you have helped me heaps. I guess the best way now is to do what Tyson said.Thanks,Christopher Fife.

I see where your coming from with the 'robbing from Peter to give to Paul'. My main point for this is that you will gain some advantage in that you will have a lower non-deductable debt and a higher deductable debt. That is a good thing.Whereas I could compare this to two similar debts one being deductable and one being non-deductable. If the…[Read more]

hmm, interesting scenario. You buy in your name. and then you own a company and you are the director, now the company needs somewhere to operate, oh and the company operates in your residence, so the director works at your own house. Hmm, does this sound right. Maybe your onto something, or its already been done and failed???

Ah thanks guys.So having no credit history and those details given above do you reckon that going with the 95% option will work?Did you have any alternatives to the 95% LVR and using offset as reno costs.Also just another quick question. I think(kind aassume) that credit cards will hurt me getting a loan as they will see that limit of credit as…[Read more]

Good idea there 007. Um but i have no credit rating at all, and the deposit should be crucial in them lending me the money. How would I  be able to go about getting a 95% loan with no credit rating. Also the income that the loan will be use will be 2 income earners with i reckon $1000 in total after tax per week. so  would they lend to me. If n…[Read more]

How do the prices compare between the pine and the MDF. These MDF ones seem pretty good. Also If you have an issue with the water could you just put pine ones in that region and then MDF everywhere else??Kind Regards,Christopher Fife.

I agree with Tyson, that consolidating your debt idea can be a trap.It will decrease your overall repayments, but as Tyson said paying it off in 5 years at 12% is better than 25 years at 8%.You and your girlfriend bought a 'house'. What do you mean by a house a PPOR(principle place of residence) where you live or an IP(investment property), from…[Read more]

Thank you for your response Crj.

I just did a search on google as 'property contract clauses' (with pages in australia) and the first link is this.http://www.ownitconveyancing.com/ContractClauseInformation.aspFrom first look it seems to have every clause under the sun, there is alot, it should be fine for you, but if you need any reassurance on any of them on the website i'm sure…[Read more]

Thank you Xenia. I expected that answer, anyway back onto enjoying my sunday morning.Happy investing.Kind Regards,Christopher Fife.

Ah, I have a question. (I thought of it a few days ago and then forgot and was kinda angry, but i remembered so i better get it down).So Elkam we have the same situation as we have been talking about in this thread but now say i decide to keep the property for say 12 years instead of 6. So i get CGT exemption for 6 years but then what happens…[Read more]

Thank you again Elka, you have helped me so much.Hmm, I did mean buying costs, not selling costs.um, i said 2.5K because I should get stamp duty for free, but your probably still right and it should be atleast budgeted for 5K or more.I'm breathing a sigh of relief that I wouldn't haev to pay any CGT on it, provided I follow the rules that we h…[Read more]

Thank you ElkaYou are correct in saying that i'm determined to figure lots out before I get to buying.Your post sort of helped me and that link helped me understand, but not so much in relation to my question.Most people think in pictures, my thoughts are in numbers, so i guess i'll plug in some values to see what happens.Ok. I buy a prop for…[Read more]