2 weeks ago I gave 2 movie tickets to one of my tenant who look after my property really well and paying rent on time.

I will also give one week free rent for signing a new lease for 2 years. The tenant want air condition in the unit so I will put it for them with $10 per week extra for 2 years lease.

At this point, I am not plannig to give…[Read more]

It was an email chain that seen to me and I assume it is real, but don’t take my word for it.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Dear All,

I don’t want to create another topic, but want to add my question here if I could.

I just got a pest inspection done on one of my potential purchase for investment. there are live termites activity on the side fence, but there are no activity in the house.

I know you can do a pest control treatment for termites. The questions are:

1.…[Read more]

The Chan Chan things does not exist anymore, maybe because I have enough of it.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Rugbyfan,

Maybe I try to watch more Rugby. I did watch the Rugby world cup and quite enjoy it as well.

So which team are you supporting? My guess Warratah.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Rugbyfan,

You should change to RugbyUnionFan….LoL

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Rugbyfan,

That’s why I don’t use it at the moment, but I might consider using it in the future if I am going to invest in New Zealand. Just carry the 20% cash and borrow 80% from New Zealand bank, no drama at all.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Rugbyfan,

You look like ‘South’ ‘rabbotoh’ (can’t spell)

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Rub – by just looking I will know it is you, so you don’t have to tell me…LoL

But I will keep my eyes on the street

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Celivia,
I think there is one catch tho…the interest on LOC will be higher comparing to the normal structure where you do cross-coll.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

I don’t think I can do better than what Terry suggested, but just would like to add that get your structure right at the first place. Speak to professional accountant, talks to brokers as well as the big banks.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

In order:
1. Wife & Daughter, Extended Family
2. Health
3. Happiness
4. Wealth Creation

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

I learned how to ignore subject like English that’s why my English is so bad. I wish I spend more time learning it and master it. But I am not too late, I am learning it everyday, that’s why I am here typing away whatever I can.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Kay,
I think it is a great idea, let talk to admin.

Rubbachook,
If I see someone similar I will run away as fast as possilble…LoL

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

The previous issue of API magazine explain fully of how to set up LOC / Master Account.

Example:
PPOR current value = $300k, current loan = $100k
Maximum equity = $200k

Available Equity = ($300k x 0. – $100k = $140k

Set up Master Account = $100k

Buy IP1 = $100k, loan = $80k and use $20k from master account

Available in Master Account =…[Read more]

Dear All,

New Zealand Map online:
http://www.nzmaps.co.nz/

http://www.wises.co.nz/

http://www.tourism.net.nz/new-zealand-maps.html

or go to http://www.google.com.au and search for:
‘new zealand map online’

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Rubbachook,

I just wondering weather (how to spell?) the tooth match the real person?…LoL.

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Derek,

I totally agreed with. In my previous messages it was not intent to realise totally to school, but learn the basic things like investing terms.

I think you make a great points:
The education process (to be successful long term) has to be a joint effort. Some learning at school and reinforcement at home.

I can assure people we (teaching…[Read more]

JackFr,

You got to have enough equity to drawdown for new IPs by way of Cross-Coll or LOC.

Which meant you either borrow 105% as one loan doc using 2 securities for the loan or you borrow 80% for one loan using the purchasing property as a security and 25% from Line of Credit (LOC).

Kind regards

Chan Dollars
[Retire Young, Retire Rich] [strum]

Tammy,

In that case you rent the existing house out and purchase a better house for both of you to live in.
Then you do the followings:
Draw down the equity to purchases a few +ve cashflow properties. Put whatever you can save to your PPoR.

At the end of the day you will be controlling 4 IPs and PPoR.

Kind regards

Chan Dollars
[Retire Young,…[Read more]