I lost a ball in the bushes on the 5th hole yesterday. Went in to look for it, found mine and 5 more.500% return in 2 mins.

I have the same loan as Terry.Portfloio L.O.C with St.G. Interest rate is 7.47%. Not as cheap as a standard loan, but very flexible as Terry says, and as it's a tax deductible interest, the difference between this loan and the standard loans is not that much at the end of the day. I like it.He's right; you can add as many sub-accounts as you like,…[Read more]

Based on the figures you have provided (need more) my guess is that both I.P's are neg cashflowed, but I.P no.2 is probably closer to pos cashflow than I.P no.1.If the properties qualify (built after 1987), and you haven't already done so, you should get Depreciation Schedules done for both properties straight away. This is a tax deductible…[Read more]

Here's a very quick calculation on a couple of numbers to help assess the likely cashflow:1. purchase costs are 6% over and above purchase price. eg: $200k property; costs are around $12k. $212k total.2. allow 20% of the rent to be eaten up by all costs (includes 1 month vacancy per year). eg: $300 p/w rent will nett you after all expenses around…[Read more]

Qlds007 wrote:
MarcWe currently hold under our Company First Home Owners Group Pty Ltd 184 properties in Qld which have been sold under Vendor terms. Over the 10 years we have offered Vendor Finance here in Qld only 1 client has handed in her keys and we have agreed to sell the property (Currently under Contract in Rockhampton) and give her…[Read more]

No.

There are numerous strategies for investing with "no money down", but these are probably a bit dangerous given that you have kids and not much spare income. If it goes wrong it could be disastrous.I assume you are interested in property because you are on this site, and there are many books you can read that will give you the "nuts and bolts" of…[Read more]

Depends on your focus. Recession or not, we don't buy take-away coffees (one coffee in the morning with breakfast, and thermos while out on the road on the road-trips; about 15c per cup) and we recycle our empty water bottles with the water out of those big self-serve machines at the supermarket for 35c per gallon (about 8c per litre). My wife and…[Read more]

Well,as I said; I'm used to you and you don't worry me – just disappoint me.I've found my long lost love – golf.see ya.

crashy wrote:
the problem here L.A is that you think your comments are constructive. They arent. You make sweeping statements that are just not true, not only that, but you cannot back up your own comments with fact yet expect everyone else to. I don't know that my comments are constructive or destructive. I would hope they are informative.…[Read more]

So Foundation,based on your posts before mine, does this mean you are not buying any property, or selling what you've got, or holding on, or buying more, liquidating and putting it into cash (everyone seems to be doing that). What about shares and/or businesses? What are you doing, man?Mind you; I tend to half agree with you; I think there will…[Read more]

With the consumer debt levels showing little signs of decreasing, and with the latest rate rise (and more to come this year apparently) together with the looming tightening of credit due to what's happened over here in the USA, I think the ability to get finance and affordability will take another hit. Maybe full blown by mid next year. This w…[Read more]

crashy wrote:
"If you a buy a standard, well positioned, good quality average family house in an average established suburb, make sure it is properly insured, using a standard P&I, fixed rate or I.O loan, you will never wake up in the morning and find out it is worth zero." unless the government has plans for a freeway through your back yard. if…[Read more]

elkam wrote:

Mortgage Hunter wrote:
You can even get capital protected 100% loans to buy shares.  At the end of the period if the shares are worth less you can just give them to the lender and walk away. 

I just can't help myself Simon. I have to ask.What sort of interest rate are we talking about for such a loan.Just curious at this p…[Read more]

Qlds007 wrote:
You can protect shares with options or make extra income through writing options.Theres a lot of different stratsThere certainly is. From last recall i think over 20 different protective ways to trade from a simple Call to a Iron Condor.It is just finding the strategy you are confortable with.

Another breakthrough! now we have…[Read more]

MasterREL wrote:
You can protect shares with options or make extra income through writing options.Theres a lot of different strats.

 O.K, now we're getting somewhere; how about some detail on a few of them. I get plenty of detail about what a fool I am for mentioning yes, there is risk when someone asks, but it seems no-one want s to back up th…[Read more]

just out of interest, if there is someone out there who has done a lot of wraps; more than 20, can you tell us how many (a percentage) of them go to full-term, and how many default and lose the house?I think this is the crux of the issue with Neil. He has an issue with how many people don't get through to the other end, and that the downside is…[Read more]

Mortgage Hunter wrote:
You know it wasn't aimed at you specifically.  Was more a knee jerk reaction I have to everyone who believes shares are inherently dangerous.  An atitude that is usually fostered by a well meaning parent who knew someone who speculated once out of greed and got burnt.  It is an attitude that gets reinforced daily in fo…[Read more]

Tysonboss1 wrote:
G'day Marc,Yes in a down turn your property would still be worth something but your investment wont, The piont I was trying to get at is that when you invest in property,… say you use $20,000 of your own money or equity for a $200,000 house ,… after two years of neg cash flow, stamp duty on purchase if your property is…[Read more]

I saw on groundforce once (or one of those annoying heart-string pulling shows – have you ever seen anyone so "up" as those dudes? I want some of their drugs) that had a pool which they covered over with a really great deck. The pool was still underneath and could be converted back at any time. Can't remember the cost, but it may be an…