Total Members: 158,642

gatsby

  • gatsby replied to the topic Need to See an Accountant/Financial Advisor? in the forum Legal & Accounting 11 years, 11 months ago

    Many thanks duckster.Regards,Gats.

  • gatsby replied to the topic RBA drops rates 50 basis points in the forum Finance 12 years, 1 month ago

    Will be interesting to see what happens if the latest rate cuts don't have the desired affect (one of them anyway) to stimulate property prices. If they don't and we receive another cut down the track (well the cash rate at least – don't have much faith with the banks the further any cuts may occur) I'd be wondering if there is any truth about a…[Read more]

  • gatsby replied to the topic Investing in Carlton Melbourne Victoria in the forum General Property 12 years, 1 month ago

    Carlton has dipped quite a bit in value over the past 12 months I've noticed. Read the back of the latest API magazine and it's something around the 30% mark (????). It could be a ripe time to buy now then if it bounces back up over the next couple of years, but, I have one concern at the moment about property in general. If the recent interest…[Read more]

  • gatsby replied to the topic Advice on Monthly P+I Payments (or Should I Go Back to I.O.)? in the forum Help Needed! 12 years, 6 months ago

    Thanks for your advice and for replying Jamie. :-)Cheers,Gats!

  • gatsby replied to the topic Credit card salsary sac to pay a mortgage? in the forum Legal & Accounting 12 years, 11 months ago

    I salary sacrafice my credit card. $617 of my pre tax fortnightly pay goes onto my card, as it could to my PPOR mortgage, rent, utility bills. You cannot however salary sacrafice the repayments of an investment property. Well at least the company we out source salary sacrafice to won't.Cheers,Gats!

  • gatsby replied to the topic To Go Interest Only or Principal and Interest in This Situation? in the forum Finance 13 years, 7 months ago

    Thanks Terry. I started thinking that if the P+I rate they are offering me is the same as the IO rate then if I go P+I, I'm already paying down some debt. Therefore I thought that instead of going IO and making additional payments, if I go P+I and make additional payments then I would be even more ahead in debt reduction. I've commenced the swit…[Read more]

  • gatsby replied to the topic To Go Interest Only or Principal and Interest in This Situation? in the forum Finance 13 years, 7 months ago

    Hi Terry,Thanks for your reply. I don't have any undeductible debt (as in PPOR mortgage, etc). I would have thought that seeing that the P+I rate is the same as the IO rate (both with an offset account) at 6.49% then if I went P+I I'd have to be paying more off the debt? If I've got this wrong please feel free to point me out. Many thanks…[Read more]

  • gatsby replied to the topic Maximum Construction Loan LVR? in the forum Finance 13 years, 7 months ago

    Ditto to Richards comments. I wanted to change my two IO investment properties that I have/had with the CBA to their MISA account. I'm paying 6.66% too but the jargon I was fed trying to tell my local manager that it's not a true offset account (ie minimum amount must be withdrawn for use, etc) had me talking to a brick wall. I'm not blaming the s…[Read more]

  • gatsby replied to the topic Anyone have a Commonwealth Home Loan in the forum Help Needed! 13 years, 8 months ago

    Hi Dan,I'm in a similar position to propertymistro. I'm with the CBA and have a wealth package with them. I have two investment properties that are io variable and a redraw facility. I want to change this with them so that I have an offfset account against one of the properties. Does this mean that I can't use their offset account as other banks…[Read more]

  • gatsby replied to the topic Help Regarding Financial Structure of Two Investment Properties? in the forum Finance 13 years, 8 months ago

    Many thanks guys!Cheers,Gatsby!

  • gatsby replied to the topic Help Regarding Financial Structure of Two Investment Properties? in the forum Finance 13 years, 8 months ago

    Thanks for your reply Jamie. The fees to exit are as you said ($700 per property ). I'm thinking maybe just to put an offset account against one property as suggested. Will using an offset account as an all in one account cause tax problems if I withdraw money to pay bills, etc? Many thanks again!Cheers,Adrian!

  • gatsby replied to the topic Help Regarding Financial Structure of Two Investment Properties? in the forum Finance 13 years, 8 months ago

    Many thanks for the reply Terry and Jamie. I met with the CBA today and I have had the two properties discharged from being cross collateralised so that now each one stands alone. I went through the strategy that I outlined in my original post (throwing as much money into the redraw as I can while living on my credit card and paying it off in fu…[Read more]

  • gatsby replied to the topic Is THE INVESTORS CLUB for real? in the forum Heads Up! 13 years, 9 months ago

    Do an ASIC search on Kevin Young. 'Let the buyer beware!'

  • gatsby replied to the topic Positive Real Estate Mentoring Program in the forum Heads Up! 14 years, 1 month ago

    Ditto?

  • gatsby replied to the topic ATM Machine investing? in the forum Help Needed! 14 years, 9 months ago

    Thanks for your reply Terry. The offer is for a minimum of 5 ATM's which costs $70k plus GST returning 20% or 20 cents per transaction, whichever is the greater ($70k x 20% = $1,167 per month).  Also it qualifies for Rudd's 50% tax deduction if purchased before the end of this year.It really works best for people who are selling investment p…[Read more]

  • gatsby replied to the topic Andrew Gardner investors edge finance in the forum Finance 14 years, 9 months ago

    Did anybody go to their seminar last night (Sept 14th) in Glenferrie Rd, Hawthorn? If so what did people think?Cheers,Gats!

  • gatsby replied to the topic Income Protection?? in the forum Help Needed! 14 years, 9 months ago

    Thanks Kenny and Karen. I didn't realise that . I'm with VicSuper and will check it out !Cheers,Gats!

  • gatsby replied to the topic Income Protection?? in the forum Help Needed! 14 years, 9 months ago

    Thanks Karen but I don't have a SMSF.Cheers,Gats!

  • gatsby replied to the topic Income Protection?? in the forum Help Needed! 14 years, 9 months ago

    Thanks to the above for replying to my question. PM incoming.Cheers,Gats!

  • gatsby replied to the topic What type of vehicle do you have ?? in the forum Opinionated! 14 years, 9 months ago

    I don't drive I hitch hike. One day I was hitch hiking and a semi trailer loaded full of cars pulled up for me. I raced up to the cabin and the driver said, "I'm full in here but why don't you get into one of the cars on the trailer?" "Cool," I thought! Then we took off. Over the next two hours we pulled over and picked up seven more hitch hikers.…[Read more]

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