5 kids is perfectly fine – one of my best mates who is the same age as me (27) is just about to pop out baby #5.  they have an average wage of $90k a year.  they dont struggle.  its all about making wise money decisions.  besides … this is a property investment forum, not a parenting forum.  so how about yas cut him some slack when it comes to kids.

i forgot about this thread   the next builder reminded me that Mackay had really bad flooding lastyear in February, and he stated that the stumps survived that.  it was like the worst flooding in mackay's history.  So if it survives that, then they are in good enough condition.but, if i cant manage to purchase nextdoor ive decided to restump th…[Read more]

Im very new to investing – so dont feel confident enough to offer an opinion on this. 

blueintrinsic wrote:
We have family, friends and collegues telling us really good pros and cons for both…now we are confused!

But I will say that ive learnt to NEVER ask family, friends and collegues their opinions ….. it just leads to more confusion.   [Read more]

yeah im familiar with that block of land even tho i dont live in mackay anymore.the land i just bought is zoned higher density residential as well.  we are planning on not doing any developing with the property at the moment, as it wouldnt suit our plan for what we are wanting to do.  the house is good, and by renting we are bringing in some m…[Read more]

yeah we've already gone to bunnings and gotten it   we happened to be in town last weekend so dropped by

What a rollercoaster!!!  Our contract finally went unconditional today we've been told that in the condition it is in currently itll rent for $330 a week.  They said after our renovations get completed itll rent for around $350 a week.  yay!  Our reno budget is small ($10k) as we are leaving the $11k restump for next year when its tax ded…[Read more]

wow sounds like an interesting property

nah they didnt charge me anything

yeah we went with them because we had everything else with CUA and we are planning on refinancing this loan plus another of our mortgages later in the year to buy again.  we are going to refinance with another bank.   but because we werent ready yet we just stayed with CUA for the time being.  at least they waived all the loan application fee…[Read more]

it does … but i dont twitter

ok well i got a call 45 mins ago from CUA, they need more time.  gee it woulda been nice to know more than an hour before it was due.  no word back from the vendor about whether they accept an extention or not.  hopefully they do.  CUA said monday, i bet its at least wednesday.

im not sure how much knowledge u have with financial matters – that would alter your reliance on other sources.  but as for me, im a stay-at-home-mum who has had no history with investing or even really planning for my financial future.  so i had very limited knowledge and it made complete sence to go see a financial planner.  I knew where I wa…[Read more]

Thanks guys – Richard Ill get in contact with u later on in the year – about October.  i was going to ask you if you did that kind of service anyways.  Ive seen the way you help others here and how uve given me advice in the past.  We are wanting to get a house each year for the next 8 years (except for this year – two this year).  Buy and Hol…[Read more]

k thanks.  was curious as we are wanting to refinance our accounts at the end of the year when we get out next IP.  do they just help with new purchases or with current mortgages as well?

k i was just curious cos i was reading a blog and they said they wanted to have 10 million dollars worth of RE.  and i wasnt sure if they meant owned outright or not.thanks

can u start organising a pre-approval type loan application before signing?  cos they arent ready yet with a contract anyways.  get the ball rolling.  thats what we did with the property we are currently in the middle of purchasing.  we are financing with CUA and they ahve been great about it.

I had major problemos trying to finance in Ceduna, SA, do to the remoteness.  But that property fell through due to other reasons anyway. (which I am now thankful for haha)

thanks for the advice.  if we do make a move on nextdoor it would probably be in about a month after the renos are finished and we have tenants in.  one thing to worry about at a time! i was going to offer them the same price we just paid for our place, as we got it around 50k under market value (listed for $330k, we picked it up for $250k, h…[Read more]

well this is interesting

eepers – would it be a better idea to then just covering the lino with new lino, instead of polishing it?  is that do-able?  its not black underneith – its greyish.  cos there is a tear in it and i could see the colour.