zbfairlane wrote:
LA sounds like from your post you think I have copped out and gone nowhere financially, You couldnt be further from the truth. And I still believe you cant buy happiness.

No, sorry  if it came across as a direct swipe at you ZB. It wasn't.The fact that you are on this forum is a great sign; the majority of the population not…[Read more]

Much the same as an interest only loan, except you don't have to draw down the total limit, and you only pay interest on the amount you actually use.Most LOC's can be didvided into a number of sub-accounts for easier accounting between the personal use and the investment.They are usually very flexible in that you can make unlimited draw downs;…[Read more]

I've done both.About the only difference is the cost (conveyancers are cheaper), but I haven't needed a curly legal ruling so far.It's a tax deductible expense, so if you feel more protected using the solicitor, then do that.

Given that most r/e agents aren't investors themselves, I think they find us (investors) a bit of a nuisance. We ask questions that they don't know the answers to, we try to crunch them on price.A good agent will have some investor knowledge, even if they don't do it themselves, and will treat you as well as any other homebuyer.All in all, I would…[Read more]

I've read all Margaret's books (several times) and am a big fan, and a Destiny Finance Client. The organisation is pretty good.I have the St.G Portfolio LOC loan, and up until now it has been fine. St. G also have a high rental assessment towards servicability which is good (80% from memory). Current interest rate is 7.92% for the product if you…[Read more]

Very dangerous to do that I believe on an open forum.If someone asks about a particular person's service here, and it happens that you've had some experience with that person already and it was negative, then send them a private message.There's too much negative and personal attack comment on this forum already.By all means give thumbs ups where…[Read more]

zbfairlane wrote:
By the way I totally agree with your comment C2. Happiness is a state of mind and therefore cannot be purchased. Nothing wrong with having lots of stuff or even having nothing, you can still be happy.

I hear that all the time from people with no money. It's a cop-out; they're saying that they have given up trying to get…[Read more]

C2 wrote:
Cars can be just as good as an investment as houses if bought and sold the right way. 

Tell us more.I guess you could do the auctions thing; go to the auctions, pay a bit less than the car dealers buy them for and then sell them on ebay or whatever.Does anyone do/has done that? Were those vehicles you mentioned appreciating in value each year?

I wouldn't be selling the PPoR. I'd be using it as an IP.Putting money into even a high interest saving account like say ING Maximiser (7%) will erode your capital through inflation and taxes you will have to pay on the interest you earn. Your money will go backwards.If you have access to a place to rent for $150 p/w, and you can get around $250…[Read more]

Novo30 wrote:
 Hi Duckster I guess I will go with "A low wage earner would look or aim to buy a lower priced house so that the rental income is greater than the holding expenses" thanks for pointing a few things out thoughIs the book "From Zero to 130 Properties in 3.5 Years" a good read? I was thinking of purchasing that oneNovo

it's a good…[Read more]

Talk to Michael Sloan at Destiny Financial Solutions. I've been with him for a number of years. he's on holidays at the moment, but ring and talk to Steve Richards in the mean time.ph: 9488 2288

That's ggod news!So what are you going to do now?

islandgirl wrote:
I think what you really need to work out is why are you investing.  What are your goals and what do you want to achieve.  No one will be able to give you any meaningful advise unless you have some expectations/goals you want met.  e.g. do you need increased income, do you currently have suffient income for your needs and are in…[Read more]

millions wrote:

L.A Aussie wrote:

millions wrote:
I remember seeing a property on the market for about 2 years. The owners ended up having the bricks, windows, etc painted white and roof and gutters dark grey and then it sold straight away.

Did it sell for the asking price?Could work, but what will probably happen in a town like this is…[Read more]

I think with my investor brain far too much I'm afraid.My thought was to forget about the renos and keep the Darwin property and just plug away at the PPoR loan as best you can.To sell the IP and use the funds for the renos and better cashflow is not the best financial decision in my opinion. A lot of people do what you're planning, which is a…[Read more]

I wish Aus had no land ownership for non-Australian citizens.But hey; we would be racists then. 

morts wrote:
Got a score of 4,320.  I see this as a neat, simple tool designed to get you thinking about how you live and how the choices you make today can impact into the future.  Also, don't forget that nasty little thing called CGT!CheersM.

Only if you sell.

If it was done in the 70's, the tiles are probably laid on a screed which makes it (IMO) easier.  Just smash the tiles & concrete base to reveal the boards.  Don't get me wrong, It's still pretty hard yakka – but it has less potential to damage the floor when removing it.[/quote] Would it be possible to still remove the tiles from the screed u…[Read more]

devo76 wrote:

zbfairlane wrote:
An old topic I would love to revive. How about some of you guys with appreciating assets from three years ago. Have you Improved your ride yet??1968 Ford Fairlane $600 in 95, $16000 in 07 after $10k restoration. Very fuel efficient at 12mpg! The height of luxury as far as I am concerned.

As i have stated…[Read more]

Correct Scott; a small detail conveniently left out.People will pay big monet for being lazy unfortunately.