Why not give the same QS a call and ask? He/she would be best qualified to advise (or your accountant).CheersJamie

Hi DellasCongrats on saving such a large deposit – that's certainly no easy feat.What would I do? Personally (and I stress – this is my opinion), I wouldn't put all of that money into the one property. I'd be inclined to take out a loan around the 90% mark (sure you'll have to pay some LMI but it can be added to the loan). I'd then drop the…[Read more]

Terryw wrote:
Sounds like you just don't have the understanding at the moment. What you should do is to find the highest paying bank acount and put your money there and save as much as you can, 50% of you income at least, in that.Do not buy any investment at the moment, but spend one year reading and learning – don't bother paying for any…[Read more]

Red Man wrote:
Yesterday my old property manager has returned the bond to the tenant and asked if I want to go to tribunal.

Hi red manSorry to hear of your experience.I can't believe they returned the bond. Surely they have documented evidence of the condition of the property prior to it being rented and what it looked like afterwards. If it's…[Read more]

Hi SpandexDon't focus or whether it's negative/positive geared. Focus on whether it's going to be a good investment for YOU.CheersJamie

Hi mysrhI've heard the professionals are good.CheersJamie

Hi EpsomWelcome to the forum.Personally, I wouldn't look to pay off the PPOR and then pay cash for the IP deposit.Instead, you can borrow against the equity in your PPOR to fund a 20% deposit and purchasing costs for your IP. These funds will be tax deductible whereas if you were to use your own cash it wouldn't be.You would then source the…[Read more]

I wouldn't just barge in and open your briefcase with your wares – just see if the principles available, introduce yourself and invite him/her for a quick coffee so you can quickly show them this "thing" which will create a win-win for the two of you.CheersJamie

jdufall wrote:
Hi allI am looking at refinancing my PPOR and IP loans, my current finance is with a credit union and they have a limit of what they can lend me which is well under what I can service and need for my investing. I have talked to a mortgage broker and he has put forward the Commonwealth Bank as an option. The package was there…[Read more]

Hi JPCCMThanks for the response. Feel free to IM me the details.CheersJamie

JPCCM wrote:
It costs me any basic size home to render for only $5500

Hi JPCCMOut of curiosity, how much would it cost to render a basic 100m2 house? Would it include the colour? CheersJamie

Qlds007 wrote:
Hi BenHamilton Island is a wonderful place so can never complain.CheersYours in Finance

Yep sure is. If you're into golf, the course on Dent Island is pretty awesome. Even just popping over for lunch in the golf club is a nice way to spend an arvo.Enjoy Jamie

allytac wrote:
HI,  Yvonne, very much looking foward to the next session, and meeting like minded investors.  Hope spring comes quickly in ACT for a variety of reasons

Nothing wrong with winter in Canberra I heard someone today say it was "invigorating"  –  that's one way to put it. CheersJamie

Andrew_A wrote:
Don't start cold. Go knock on a few doors and have a chat with the principal, offer to buy them a coffee if they are busy and demonstrate your product/service, offer to supply for free for a trial period.No definitive answer but if you are a small business and trying to bootstrap your way up with a small marketing budget then the…[Read more]

Dloy wrote:
Jamie, pulled out the May edition to look for your article… a lot of it had been highlighted!

Hi DerekThat's awesome news! I'm glad you were able to get something out of the article. I'm a strong believer in value adding – it doesn't take much to add some equity and it sure beats waiting around for the value to increase…[Read more]

Spandex wrote:
Have been told by my accountant to look at a brand new house so I can claim more back on tax.But I like the idea of finding a older block that is large enough to put unit's/town houses on it.What does everyone else suggest? Thank you

Hi SpandexA newer property will generally have higher depreciation but there is also limited…[Read more]

Hi DerekNo worries at all. It's a topic that frequently comes up with my clients so thought I'd share my thoughts.Would I recommend it? It depends on the individual and their tolerance to risk. Personally, I think that those starting out (who have minimal equity/savings) could benefit the most from taking out higher LVR loans and adding the LMI on…[Read more]

jlb2431 wrote:
Does spending more money to claim a percentage of it back again sound a little like taking three steps forward then two back?

Totally agree and I've said it many times before – the tax benefits associated with property investing should not be the primary reason for investing.CheersJamie

Yep, that's one of the things I like about it – the fact that it tracks a lot of regional areas as well.Usually they have a few tables which provide a summary on how each area is performing. I'll see if I can track it down.CheersJamie

Hi BayerIf you're keen on going down the mentoring path and want good advice from someone that walks the talk, check out Nathan's Birch's dealfinder. The price seems very reasonable and Nathan's got loads and loads of experience.He recently posted on our facebook wall that he would offer up a few free mentoring sessions (I'm not sure if they've…[Read more]