I agree with your post Perry;but this is an Aus forum and I think your ad will not get a lot of business in Aus.

Option 1 could be the go;Purchasing a place (unit/townhouse most likely due to cost) as close to the city as possible as a PPoR and qualify for the first HBG. Fulfill the requirements there and then move back out to rent and have it as an IP to reap the rewards – hopefully. In turn, wait for the equity to build with the better CG that can be…[Read more]

kenzel wrote:
Hi All,Nina – I really hope things turn out better for you in the not too distant future.L.A. Aussie – You mentioned:"Read all the Margaret Lomas books, Noel Whittaker, Jan Somers, Peter Spann, Steve McNight's (later) books for nuts and bolts." – Are you able to recommend any specific titles from these Authors? I'm looking to by my…[Read more]

kchoong wrote:
Hi Nath,I could suggest you look into Cashflow Loan, i.e. you pay approx half of the interest only and the remainder is capitalised.  By doing this, your rent is probably sufficient to pay off the interest.  Hence, you will not be so negatively strapped.  This is a good strategy only if your properties are enjoying a pretty go…[Read more]

Yes, I reckon it's crazy; I know that people will pay huge amounts for units; but it doesn't mean they should. Just because 799 people bought those units doesn't make them smart; there are lots of people in the world with high incomes and no financial brains. It only makes them cashed-up, but now hocked-up. I hope the Sydney market recovers s…[Read more]

Sorry to tell you, but they don't have 2 properties tieing up over $800k like you've done. I'm guessing you are heavily neg geared with these 2 properties as well? When you here the stories of people buying multiple properties in 10 mins, they are usually buying cashflow pos properties that are cheap and in regional/rural areas. They do quick…[Read more]

Milly,being smug  and self-righteous is very annoying I agree, but if Neil Jenman can save even one family from a property scam then I want him to be as big a pain in the arse as possible. I also agree that he is out there trying to raise his profile, but I think you'll find that his motivation for doing so is more to raise awareness of the do…[Read more]

$500k+ for a 3 bed UNIT? In a 200 unit complex?AND for you first PPoR?And there is ANOTHER complex across the road?you are a lot more brave than me.

I had a bad tenant once who was a single, middle-aged working (nurse) mum with two younger boys. Good results from the credit check and references.It was in Mentone, in a brand new, high quality townhouse etc. great area, great property, high rent –  so, on paper, the combination of location, rent level, standard of property should produce a rel…[Read more]

millions wrote:
Perth people aren't crying – most started investing in Bris,Melb Adelaide in the past 12 months.   We're all still smiling.

So what have you been buying;houses?, units?, subdivs? – neg geared, pos geared?What has happened to those investments in 12 months and what was your plan when you bought them?If they are neg geared, has t…[Read more]

I haven't ever bought Terry's reports, but I've read his books and follow the site. He is very respected and knowledgable, so I reckon they would be good value.

Have you done comparisons of recent sales of new and used similar properties in the immediate area to estimate their value?New complexes are often price loaded to cover developers' profit. Try to find out if there are a lot of these types of developments on the go – this could mean a possible over-supply in the near future and impact on your cap…[Read more]

What is "rent stress"? Does it mean that people are paying more than they can afford for rent?  If that's what it means, then;move somewhere cheaper!!!!                        

I knew you were just playin' Wealth.I remember Woosie's episode vaguely. I'm not sure that the decision was correct though; from my distant memory it is only a penalty up to 4 strokes for the extra club.Let me know what the rule says.

Hey Xen,Kids; now there's an expense.Latest report was $290k per child to raise them. Does that include private of Govt schools? Designer clothes or K-mart specials? What about if they live at home until they're 30?I have one, and I love him, but that's enough.

xyzzy wrote:
1998 MERCEDES BENZ A160 with 260k on itAnd if someone offered me $8k for it I would apply the three point test ….Are they over 18Are they mentally competentDo they have the cash!A true story …..My brother was born in December and one December we went to his house for a birthday party where he showed us his new Mercedes Benz and…[Read more]

ffc1883_1996 wrote:
Hey Marc, from where can one get their hands on this software?

We are Destiny Finance clients and use theirs. It's amazing.I think the Somersoft one is pretty good too, but I don't know if it has loan split capabilities?Go Pies.

Wash your mouth out with soap Xen.Actually; I agree.Although, we still retain a fund each as a "don't care" savings account for retirement as we have been in it for ever and it's worth keeping. Minimum contributions.Our position;me – no income wife – $90k

Etty,Ride the winners; cut the losers as they say.I see three winners there.Use the equity and don't sell.If you are confident that you have bought good properties, they won't go back in value (especially not back lower than you've paid).Keep them, they will continue to grow in value, and go out and buy another the same as the last 3. Trust your…[Read more]

Wealth,The guy who disqualified your husband doesn't know the rules or they both don't.If you find a club and put it in your bag, you can declare that club not in play and there is no penalty. You can actually start the round with 15 clubs and declare one "dead" and still carry it without penalty, as long as you don't use it.If you know the rules…[Read more]