Technically only an accountant or financial planner can give you “advice” on financial position.  However the cashflow position of the property will be obvious to a good broker.
Generally a property on an interest only loan can become cashflow positive either by starting out as a positive cashflow property (sounds like this property is not in…[Read more]

Hi Glen
Yes you’re getting the idea with regards to the interest being a tax deduction.  Other deductibles include bank fees, or any “annual package fees relating to the loan”.
Remember that as time goes by, and you’re increasing the rent and stockpiling money in the offset account, the amount of interest you get charged will likely lessen each…[Read more]

Hi Carl
I wasn’t entirely sure what you meant by “I would happily pay (as an ongoing investment fee) $1000+”.  Did you mean as a monthly interest repayment?  My other questions are: What amount were you looking to borrow, and for what purpose?  eg Purchase office chairs, pay for advertising etc.  What “stuff” do you and your business own?  Perh…[Read more]

Looks like none of the screens are refreshing when I open them.  Unless I press the F5 key (to force a page refresh) I don’t see the updates.  Not sure if others are experiencing this issue also.

It’s not the case that all the “cashflow positive properties” are clustered in one state.
Cashflow Positive properties, or those that cost so little to hold it almost doesn’t matter…. they are out there in particular pockets all over the country.  The pocket locations and dwelling types are constantly changing.  One month suburb X is dishing up…[Read more]

 
I think the forum members already know that.  They are here seeking much more detailed information than that.

Hi Steve
Not sure if you are aware or not, but if you go into a particular member’s profile and bring up their past posts and try to click on one, an error comes up because it is trying to link to the old location of the post.  This probably makes it tricky in particular for newcomers to read a bunch of posts from a particular user if they find…[Read more]

Just be crystal clear on how the withdrawal from the credit card is treated. If it is a cash advance and interest charged from the moment you withdraw the funds, then it makes no sense to do this, since the interest rate on the credit card will be higher than the interest rate of the mortgage

Yep, I use them all the time.  Easy to deal with, good rates, and fast transfers.

Hi Wilson

Just out of interest… have you asked competitor agency?

This might be a good time to be a bit of a stalker.  Hang around and ask the people that come out of the building.  Hello, are you a student?  Do you have thousands of student friends that also live in the building?  Did you rent your apartment through your Uni Housing…[Read more]

Further to what Richard said, it is very worrying how much incorrect information Arun is posting. He is a person offering broking services it seems. We know only too well how catastrophic it can be when someone’s finances are not set up correctly. The forums are supposed to help people make their position better – not worse. As TerryW said in a…[Read more]

The word "mortgage" is spelt incorrectly (he's got it written as "mortagage") on the main banner on Arun's website.  Just sayin'….

Arun Bhuta wrote:
Dear Renren,

It is all about knowledge and informed decision. No business is without risk but if risks are known and benefits out weight them , then business is worth.

Ignorance in business about risk is no no.
 

These sentences make no sense.

Hi Eric 

If you think it will be difficult to lease the property out for only 10mths, a couple of options are:

– Look into whether you can stay with friends/relatives for the first 2mths of your return while waiting for a 12mth tenancy to end.
or
– Look into the $ you expect to "lose" waiting for a 10mth tenant compared to the $ it would cost…[Read more]

There are so many different things you could do.  For the sake of the exercise, here is the approach I would take under a few different scenarios…

Scenario #1: you are a person that is living in a house that has some sort of mortgage on it.

1. Pay down any debt on the house you are living in
2. With the leftover money, invest in investment…[Read more]

I don't really understand the previous post, but cannot say I am an advocate of going with "risky" options.

LeeMilligan123 wrote:
There is no maintenance required on a hard wired smoke detector

I'm no electrician, but I cannot see how this is correct.  A smoke alarm is an appliance which will at some point have a fault or stop working.  The same applies to the electrical wiring.

Arun Bhuta wrote:
Please be careful negatively geared and positive cash flow property are more preferred then just negatively geared and negatively cash flow property.

?

I used the Dial Before you dig service once… though it took a couple of days before the emails came through with the info from memory.  It is free though.  http://www.1100.com.au   

But calling your water authority should give you more specific answers quickly.

Hi lawler

Do whichever is most profitable – it sounds like you are already aware that this is knocking it over and developing.  Be sure that you can actually develop the site before you make too many decisions… chat to council and a local draftsperson as a starting point.