hi swifteagle for what's its worth.I use IO for all my developments and IPs for the exact reasons stated above ("to buy multiple properties do so with IO loans to maximise cashflow and tax deductions…etc")PS: My PPR doesnt have much remaining on it, but it is the only property I have that is P&I.H

Great to hear some positive stories on that issue Xenia. I know Steve doesn't really do or talk about Wraps/VFs anymore, which is fine. I think Jenman believes he serves a huge purpose as a savior to the broader (ACA watching) Australian community (Mum & Dad investors?). But to compare Steve (an educator who has the highest of morals and humility)…[Read more]

Hi eternit By many of Steve's own admissions both publicly and here. That rule (circa 2003/04) from the 1st book, is just about obsolete in the current Oz market. Cheers.Hutch

Wow,I see Neil Jenman is placing Henry Kaye and Steve McKnight in the same basket!I know he is trying to warn people (which I'm all for) of potential property scams. But is there is no limit to what Neil is allowed to write without any responsibility attached?Fair go.

hi johann,If it were me I would use the surplus cash for your next IP, depending on your serviceability (wages, expenses, cashflow etc..)From the small amount of information it appears you are in a healthier position than most in your age group. (PS: Any reason why you can't develop/subdivide your West suburban 620sqm block?)Hutch

barney Yes I pay GST during the development (builders etc..) and collect GST on the sales at the other end (through the trust).cheershutch

wow Blogs!calm down, did you see (or forget) the orginal question that was asked?

t4 EVERWhat the?Yes they are great Uni's but dont forget that Victoria Uni (One good Uni) in Footscray Park, Footscray Nicholson, Melton, St Albans, Sunshine, Werribee etc..

Thanks Foundation,Great link, just reading through it now, very helpful.CheersHutch

Don't get me wrong. I certainly wasn't advocating or waving the banner for Mancini RE (or any other) to purchase. Just to have a contact of a guy that has been in that market for over 20 years and to get advice on those three markets that were mentioned.I main reason I was recommending contacting him is because I have purchased 4 IPs off them…[Read more]

Ok we've all had a crack now. Fair game.Let's funnel energy somewhere else I say.  What is the progress of crashy's original deal??two smileys also :] :]Hutch

Too true Moosehead………very funny!(Get Foxtel disconnected until she reads it!)

Hi SGyou'll find the Altona North median slightly lower than true Altona near the water/township. The Altona median has shot up in the last few years due to a few select properties along the Esplanade getting record $1m+ results and developers looking for large blocks within 10k radius of Melb CBD. Also the average block size in Altona/Altona Nth…[Read more]

Jon,Oh Please. Sorry if you disagree. But since you don't know, or live in the area in question. Comments like "sun in your eyes" are mind bogglingly short sighted when property investing, NOT belittling. That was the point I was making.

First up. Get onto to a draughtsman that does alot of work in the council/shire that the property is located. What area are in you in?

good reply crashy

Hi Boshy This is a great post and a matter close to the hearts of many forumites. A fine line is what we tread, we can only endeavor to educate them on the process and hope they bloody listen. A lot of us receive resistance from partners and/or family members over property investing at the start until…(you guessed it)… we start moving fo…[Read more]

Great to hear you thinking starting so early.Having never had a student loan myself, I'm no expert…But… I have been for many Property/Home Loan applications over the years. I would have thought that most institutions/brokers/advisers Would take a HECS debt (with the ATO) into account when assessing your serviceability. I would be interested…[Read more]

All our developments and IPs are IO for most of the reasons posted above.(But I do have P&I on my PPOR, as it was mt first property that I purchased 8 years ago and wasn't interested in IPs at that stage!)

Surprise!I expected as much from Richard & Cameron. Fair enough protecting their industry. I'm sure you are the "good" ones.Anyway as I said it is only my opinion for my vast experience. Fair or not, I don't apologise for that. Sweeping statements or not. Using your slanted rationale not many people on this forum would be able to post their hon…[Read more]