First thing first get white venetians or something else but it has to be white or like cream. Generally a light tone of something.
With the tinting I have no idea. Um I wouldn’t spend the money on the air con. Unless you have money growing out of your ears like half of the people here.
Christopher.

Thanks Mike that article from your website(i think) helped me out heaps, more than any other resource relating to the differences between residential and commercial real estate investing.

Thank you,
Christopher Fife.

So its like refinancing your IP which would make the extra refinanced value of cash non-deductable now be deductable. This seems to be a good idea.
Hmm, how would all the tax be handled does it get tricky or something?

Originally posted by irbrill:
are we going to start selling the water in the tanks if the tenant doesn’t use it?

Thats a great idea, they’ll be like gold collectors.

When it rains its jsut money falling from the sky.

Christopher.

So once you get this pre-approval and you go out and buy a house in that pre-approval range then you go back and they give you a loan as they have sorta already approved it.
Also is pre-approving a loan the best way to finding out your borrowing capacity with what you have??

Thanks,
Christopher

Hmm, So if you have a property worth say 200K and you have a loan of 150k, then you LVR will be 75. But they will allow up to 90, so they will allow me to have a 30K LOC.
Which will be all that I’ll allow for renovating. In the end my loan will be 180K and my property will be 200K + the renovations.

Is this right?? Have i missed something?

Christopher.

Thanks foundation and eden for both of those posts.

I am pursuing university, in either a bachelor or commerce or bachelor of business. My marks will determine where and which one.

As for a job, i currently work at Quakers Hill McDonalds. i have been working there for over 3 years now and have used it to fully pay off my brand new car(I know a…[Read more]

Thanks dave. To be in this business I have to be strong. I will just ignore what he said, “huh who’s woodrow, wha?”.
Time to move on.
Well as my HSC starts on friday, ahhh!, nah its alright im all prepared. It will finish around the middle of nov, so when its over I will give Steve’s first book which I am now about halfway through to her and see…[Read more]

Thanks woodrow for that long and very hurtful post.

Let me give you a reality check when you said
“First of all, at your age it is highly unlikely (though not impossible) that you will even be together in 12 months time.”
What right do you have to make that statement. Generalisations.
Yes I do know most couples won’t last long. I look around and…[Read more]

Originally posted by Sargeant:

Houses from the $220,000 to $300,000 are constantly selling in My area.

Isn’t that price range in the lower quarter of the market and correct me if im wrong but isn’t that the best price range for investors to go into.

Thanks alot unknown soldier, that website was absolutely excellent. Told me more inof no that one site than the rest I could find. Thanks.

Christopher.

Ashmason, you better know what your talking about because that sounds fantastic.

With a normal residential property, you could add storage space via the addition of one or two sheds, available cheap from stratco or other businesses. This can add something to the weekly income and also increases the value of the property by way more than what you have spent.

Christopher Fife.

Originally posted by Terryw:
If you are starting off on your first property, then you will probably have a high LVR. It may be best to borrow 100% if possible, and put all your spare money in a 100% offset account. Then use this money to live on and for your renos.

Thanks Terry that tip, woah!, I can’t believe I didn’t think of it.
Excellent, I…[Read more]

I like your attitude and action Dr.X.
You sound very firm. You can’t let the tenant take control.

Christopher.

as elkam said, if your IPs are principle/interest, you can change to IO and put the extra into the offset account for the PPOR.

What if you capitilised the interest on the IPs for a while and used that normally used money for the IP interest on putting in the offset account.

This would dramatically increase your tax deductable interest and lower…[Read more]

Your saying your property goes up 100K. and you pay 155K in interest. You feel your losing money. Well if its our PPOR your not gaining anything. Your paying an extra 55K.
But if you make it an IP, then you would get weekly rent. And that would probably slash that interest bill down to only 20% of what it is now. And if you are still putting money…[Read more]

That helps alot celeste. one more question, what is the interest rate on this line of credit? is the the insane normal credit card rates or your mortgage rate(7-8%) or somethign else?

Also what do you think about the capitising thing during the reno?

Thanks celeste,
Christopher Fife.

adding antimould to the paint. explain this.
I know its to stop the mould. but how does it stop and how do you do it (prices and other info).

Christopher Fife

Are all your loans(IP and PPOR) with the same bank.
IF they are then that should help to show them that you can be trusted and are reliable. It can be also be a bargaining chip.
You give me this loan or i’ll take all my business elsewhere.
They can see you a reliable, they will give you another loan.

Yes i agree with DLPP that is a great idea…[Read more]