Total Members: 158,626

fbd1

  • fbd1 replied to the topic What’s best to do with excess money? in the forum Finance 17 years, 8 months ago

    Hi,
    thank you for the comments.
    The excess money will be used for investments…Redraws are also used for investments. I would like to build my art portfolio as well And personal spending is paid out of savings.
    Cheers.
    Dianne

  • fbd1 replied to the topic ANZ Online Saver account in the forum Opinionated! 17 years, 8 months ago

    ANZ have a V2 account which doesn’t charge for any withdrawals & you don’t loose your interest for month if you withdraw, however you must maintain minimum of $5000 in the account. I think it is 6% interest from memory.

  • fbd1 replied to the topic Centerlink in the forum Opinionated! 17 years, 8 months ago

    Yes I found out about the $1.01 per week fee centrelink charges…they charged me not the tenant. The tenant has to come into the office each 10 weeks & pay the shortfall of $10.10. It has only been 4 weeks so we will see if this actually happens.

    I don’t see how centrelink can say that it isn’t the responsibility of the tenant to pay this…[Read more]

  • fbd1 replied to the topic Free courses in the forum Heads Up! 17 years, 8 months ago

    Thanks Terry for taking the time to do this for everyone…it is most appreciated.
    [exhappy]

  • fbd1 replied to the topic Women Investing in Property Group in the forum Heads Up! 17 years, 8 months ago

    Hi everyone,
    I have just come across this thread & I am saddened to see that there is so much bickering & judgement being passed around.

    I feel saddened that Simon will not read the thread again nor contribute to this wonderful base of knowledge. Simon I have enjoyed your responses even though I don’t make reply posts.

    Today, I felt it…[Read more]

  • fbd1 replied to the topic Selling property to a family trust in the forum Legal & Accounting 17 years, 8 months ago

    Hi there,
    We are in exactly the same situation at the moment. I have heard it said that you don’t have to pay SD if the Directors & shareholders are the same as the individual, however after professional advice it is NOT true. (in Qld anyway)

    We were in the process of changing our premises over to our family trust. All documents were drawn up…[Read more]

  • fbd1 replied to the topic Passive income apart from property? in the forum Creative Investing 17 years, 8 months ago

    Good Question…when someone gives you an answer, please let me know too?

  • fbd1 replied to the topic trying to contact Martin Ayles in the forum Value Adding 17 years, 8 months ago

    Hi Kum Yin,
    Good luck…please keep us informed of your progress & whether you do a deal with Martin Ayles. I will be attending his seminar in October so I am sure I will learn heaps.
    Cheers…Di Burns[exhappy]

  • fbd1 replied to the topic DIY renovate or get builder to do renos? in the forum Value Adding 17 years, 8 months ago

    zopm,
    The costs all depends on where you are…

    Working it yourself will cost your labour in finding other deals, so it all comes down to what you want to achieve…

    I work it into my numbers at the number crunching time so I don’t have to do the labour myself. If I were to do the labour, I wouldn’t be able to do as many deals (and I probably…[Read more]

  • fbd1 replied to the topic Addition of Water Tanks. in the forum Value Adding 17 years, 8 months ago

    Thanks for the tip…How much rebate do the Government give you for putting in a rainwater tank? I hadn’t heard about that? How do they pay the rebate – is it on invoice?
    Thanks & have a brilliant day!
    Dianne Burns

  • fbd1 replied to the topic Replacing Fibro (Asbestos) Roof in the forum Value Adding 17 years, 8 months ago

    Have you considered just painting the roof – if it is still okay and just looks bad. This is the cheapest option and looks a treat afterwards.

    Good luck…Di

  • fbd1 replied to the topic CAN’T SERVICE LOANS. SEEKING ADVICE/SUGGESTIONS in the forum Help Needed! 17 years, 8 months ago

    Hi Chris,
    Thanks for sharing your predicament with us.

    Have you thought about renting out your PPOR at a higher rent & living in the 2 bedroom unit for a time until you feel your circumstances are changing?

    Also I would consider putting your rentals up…Have a property manager help you there. If you have plenty of cash in the bank, why not do…[Read more]

  • fbd1 replied to the topic If you had $500k cold hard cash. in the forum Help Needed! 17 years, 8 months ago

    I am sorry but I must remove this post soliciting funds.

  • fbd1 replied to the topic Question on 105% Loans in the forum Help Needed! 17 years, 8 months ago

    I am interested in knowing why you would want to do a 105% loan for an IP??? I am not sure I understand your logic? Can you please explain to me…
    cheers Di

  • fbd1 replied to the topic What would you do in this situation in the forum Help Needed! 17 years, 8 months ago

    Hi Island girl.
    Seems to me you already have a good handle on it all. You have done your homework & you have goals. Maybe it would be a good idea to set a few targets to reach over timeframes…this helped me stay focused and kept me moving forward.
    You have a fantastic start…Keep up the good work..
    Cheers. Di.[thumbsupanim]

  • fbd1 replied to the topic Simple Question in the forum Help Needed! 17 years, 8 months ago

    My advice to you is to do one of Steve McKnights seminars or read one or two of his books.

    I did exactly this in January this year & now have the knowledge to buy a property with positive returns. I owned only one property in January that was very very negetive geared…We are talking $1450 per Week!!! EEEKKK.
    I have since changed that property…[Read more]

  • fbd1 replied to the topic Help in taking decision. in the forum Help Needed! 17 years, 8 months ago

    Hi Munno,
    Just thought I’d add my thought here for you. Some the same as others…

    Option 1.
    Q1. Maximum benefits – talk to a good accountant and get advice with regard to anything to do with ATO.
    Keeping the house is good option if the rental yeild is ok. If you do choose to put in a friend, do it through a rental manager at proper rental…[Read more]

  • fbd1 replied to the topic To Mount or not to Mount Isa? in the forum Help Needed! 17 years, 8 months ago

    I feel that any area has potential, however it is what you do with it that matters. Mt Isa has been booming for quite some time & doesn’t look like stopping in the near future. I have been researching & watching there myself for some time, however I feel I am too far away to keep a good eye on what is happening with my IPs. So I chose somewhere…[Read more]

  • fbd1 replied to the topic is it worth it ? in the forum Help Needed! 17 years, 8 months ago

    In my experience it is not a huge problem, so long as the main structure has no damage. Stumps last time I checked were about $150-$250 per stump to fix (about 3 months ago), and it may be a simple case of plastering to fix the wall.

    I would recommend you find yourself a good & reputable builder or handiman to go around and check it with you.…[Read more]

  • fbd1 replied to the topic P&I or interest only loans? in the forum Help Needed! 17 years, 8 months ago

    There is more to loans than just the IO or PI part. IO is the way to go if you want to build your property portfolio.

    There are other things to consider when taking on loans. Remember to check what sort of loan is best for the deal you are doing. For instance, You may have a huge break fee should you wish to pay out the loan early on a sale…[Read more]

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