[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 14, 2003 - 3:30 am

Hi guys,

if your seriously concerned about your health and

the health of your friends etc etc then have a

look at http://www.bodyforlife.com it will change your

life!

merry xmas and happy new year!!

itsamoorey

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 11, 2003 - 10:05 am

With inflation it might be twelve or thirteen years until that 30c is enough to buy a cup of coffee.
What are we talking here? flat white? latte??
itsamoorey
[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 7, 2003 - 8:30 am

Hi guys,

Thanks for all your input, it’s refreshing to hear

of people who have done the same investing. It

doesn’t seem like such a challenge then.

Have a great weekend.

itsamoorey[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 5, 2003 - 8:36 am

Thanks Simon,

currently reading through ‘your mortgage’

magazine, trying to learn more and more everyday.

I’ll be in touch when it’s time to invest… I’ll

probably just do the one as it’s my first then

i’ll venture out and purchase the second. I think

that i definately have to plan a lot more… I’ll

probably wait until Feb then start the ball

rolling with a vengence.

Thanks again,
itsamoorey
p.s. no other loans at all so I was thinking about p&i, will see… payrise next month which is always nice though! have a great weekend too!![|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 5, 2003 - 8:29 am

Thanks s i s,

Did you have any major problems in regards to

paperwork or was there anything that frustrated

you in relation to the purchase? I’m going to buy

my first two IP’s during the next few months. The

main reason that i can’t be present at the sale is

due to the remoteness of my work.

Thanks for your advice.

itsamoorey[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 5, 2003 - 12:58 am

Yeah,

I’m hearing you. With work commitments etc etc

it’s an easy way for me to aquire, as long as I

have family in the location who can do the

physical inspection for me. I also have a good

friend who’s a real estate agent. I trust totally

trust him (i know… real estate agent and trust?)

So, I guess this might become my niche in the

market and who knows? maybe i’ll write a post

about it and let you all know how it goes?

Have fun,

itsamoorey[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 5, 2003 - 12:52 am

Hey guys,

Thanks.

Simon, thanks for the answer to the io p&i

question. p&i would probably make sense I guess,

especially as i’m looking to retain the majority

of my properties, in a boom market it would

probably be easy to sell the odd property here

and there to finance other acquistions but…

do you really want to have to sell pos geared

properties so you can acquire more? I thought that

Steves idea was to use pos geared income to

replace your own? So, i’m guessing that you save

a deposit or two, then wait until you have enough

equity for a third and continue from there??

Simon, if i can afford a 20% deposit and avoid

mortgage insurance do you think that’s wise or

should i divide that deposit and purchase two

houses? (i prefer the later at this stage).

Thanks again,
itsamoorey[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 4, 2003 - 10:28 am

Simon,

Thanks for that, i’ve been researching both io and

p&i. I’m not too sure which way i’ll go at the

moment, are the repayments vastly cheaper if i go

the io option? One question I have and i’ll

probably post it later (after a few quiet, much

deserved holiday beers) is:

After purchasing the first investment property,

how do single people on a single income save the

cash or establish the equity on the first loan in

order to get a second loan happening? Surely the

first loan must need to have equity somewhere in

the vicinity or 10 – 20k in order to secure

finance for a second loan? I wonder how Steve and

his investing partner did 130 in 3.5yrs?? I think

they deserve a medal just for finding the

properties let alone finding the equity to secure

loan after loan….

Anyway, still deciding whether io or p&i is for

me? p&i is prefered (for eventual capital gains or

as a superannuation top up) but io will do fine if

the repayments are a lot less and i can save for

the next deposit?

Thanks for your help.

itsamoorey
p.s. will keep you in mind when i’m going to

purchase and when i have more of a clue.[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 4, 2003 - 10:19 am

Hi guys,

Thanks for your input. I’ll definately do the

research before purchasing (doing it now). I was

hoping to hear some accounts from people who had

purchased interstate without physically sighting

the property.

Have fun,
itsamoorey[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 3, 2003 - 12:16 am

Thanks Simon,

I’ll keep that in mind. May also use you as my

mortgage hunter too, will see how things go.

By the way, what are you paid compared to the big

four banks?

[]

Thanks again and have a good xmas break.

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 2, 2003 - 12:57 pm

Lozza,

I agree with everyone, you need to treat yourself occasionally.
The main problem you might face happened to my mother.
She was about 25k from paying off her home loan and decided to go overseas for four weeks.
She paid off her overseas trip then went again about every six months.
Five years later and she’s almost paid off her home loan again…. mum’s is a drastic case but just splurge with a budget.

have fun,
itsamoorey[|)]

[itsamooreyMember@itsamooreyJoin Date: 2003Post Count: 36]

December 2, 2003 - 12:40 pm

My bad,

I meant interest only.

Thanks for your replies, I’m still a little unsure so i’ll think about it. I have been told in the past that the majority of mortgage advisers are paid spinoffs for recommending certain bank loans.

If this is the case how do you find a mortgage broker who is unbiased and more importantly honest?

Thanks for your replies,
itsamoorey (not a fan). [|)]