Short term solicitor's loan? Interest rates will be awful, but if the deal is worth it and it gets you over the line, then refinance at some point in the near future (or qick sale and pay out the loan) – not with Suncorp I'm guessing.By the way; "BANK" is a latin word meaning "pack of a*se-holes".

Hi Tyson,I think I covered the scenarios that can affect the performance of the standard property in my first post. You're assuming I would buy a $200k property in an area that is likely to go down in value, and has a neg cashflow. I don't do that.If I buy a $200k property, I am buying it with cap growth factors covered, the ability to add value…[Read more]

Interst rates will always rise and fall. If you factor rate rises into your number crunching, and the deal still stands up, then there is no need to worry too much.The problem with rate rises comes when you are in a property or properties that are quite neg cashflowed. Try to avoid that and still buy for cap growth as well and you will cover a…[Read more]

"I am not trying to knock Property Investors as I hold property investments myself, but alot of your posts here knock the share market saying it is to risky, while making out property is solid as a rock."If you a buy a standard, well positioned, good quality average family house in an average established suburb, make sure it is properly insured,…[Read more]

APerry wrote:

If you don't know anything about Destiny or Margaret, or haven't read her books, then please keep your opinions to yourself until you know some facts"

I assume this was aimed at me. I know enough to express an opinion and the person who started this thread was asking for opinions. You, I and plenty of others have stated differing…[Read more]

APerry wrote:

<font color=”#000000″>"</font><font color=”#333333″>If you don't know anything about Destiny or Margaret, or haven't read her books, then please keep your opinions to yourself until you know some facts"

I assume this was aimed at me. I know enough to express an opinion and the person who started this thread was asking for…[Read more]

APerry wrote:
"If you don't know anything about Destiny or Margaret, or haven't read her books, then please keep your opinions to yourself until you know some facts"I assume this was aimed at me. I know enough to express an opinion and the person who started this thread was asking for opinions. You, I and plenty of others have stated differing…[Read more]

First steps;education about property investing, finance and loan structuring. On-going.Your own finances seem to be in good shape, so keep it up.Decide on a strategy; buy and hold, flips, wraps, renos, subdivs etc.Then start looking at markets to find one that suits your chosen strategy or strategies.Find a good mortgage broker who knows property…[Read more]

This latest rate rise will slow down the average family house buyer. Another rate rise next review will really slow it down for them.But the higher end doesn't seem to have the finance restraints. I think it will also depend on the lending policies of the banks. If that gets tighter (as it has over here) then the slow down will increase.Over here…[Read more]

If you don't know anything about Destiny or Margaret, or haven't read her books, then please keep your opinions to yourself until you know some facts, kids. Yes, she is a good self-promoter, but she backs it up, and won Business Woman of the Year last year. Not bad for a dud. Oh; did I mention she has written 5 books, and has franchises in vi…[Read more]

There have been several posts recently by people asking where the properties are that fit the 11 sec rule. They are in Kansas and Dorothy owns all of them except one; Toto owns that one.

Hi gaga,"== CONS == – It's far and It's in the west  (seems a lot ppl don't fancy west and they do have fair reasons)  – Value growth and rental return might not as good as inner suburbs (I can get one of those, but it pushes the limits too hard) – If the richer get richer in the near future, It might been even longer and harder for me to grow my…[Read more]

The rate rise will affect the prices the same way it always done; slow down. Of course; this is an average across the board statement; there will no doubt be areas that defy gravity, and at the top end there are no concerns with affordability – only supply.The majority of people buying houses are Mr. and Mrs.Thong, on an average income, trying to…[Read more]

Some people invested in Macquarie Bank for low risk. And…" Australia's Macquarie Bank (MQBKY, news, msgs) said investors in one of its mutual funds would lose up to 25% of their money thanks to losses in the subprime sector." (Jim Jubak, msn money).The problem with these sorts of investments is, when they start to fall; there is no bottom. There…[Read more]

This is actually to your advantage. Most people don't want, or don't have the time or passion to look further afield and try a lot harder to find the hidden areas that no-one knows about. The more people like that around, the less competition for you and me.To look outside the mainstream requires more leg work and time on the phone, or driving…[Read more]

devo76 wrote:
I am 30 and only just starting to head down the investing road. 6 months ago i believed that if you bought a house it will double in value every 7 to 10 years. Now i know there are other drivers that control prices and none  are looking that great for the next few years. But if i was given the chance not to buy my IP 6 months ago…[Read more]

If you have any sort of consumer debt (car loan, credit card, furnitureloans etc) then use the cash to wipe this out straight away. If there is any cash left over put it on the loan.If you have the correct loan that allows you to re-access the money you pay onto the loan, I would be putting the money into the loan until you are ready to…[Read more]

Did that years ago. No consumer debt here thanks.Now the card is used solely for the purpose of racking up more frequent flyer points, but we pay the balance off every month.Notice the f.f flights are harder to get these days? Has anyone seen "sicko" by Michael Moore yet? I needed a moggy to calm down after it.His conspiracy theory in one part of…[Read more]

Hey Liz,That search was about 1 minute, so it was by no means comprehensive.To go out on a limb, I reckon that you can't go wrong with virtually anywhere on the Bay, especially with water views, that is within commute distance of either Geelong and Melb; especially if it is at the bottom end in price. Look at Seaford, Frankston, Edithvale; these…[Read more]

Yep,make the I.P interest only and pay the minimum interest each month, and pay the PPoR mortgage off as fast as you can.The I.P interest is tax deductible but the PPoR interest isn't so it has to go.Another option is to move out of the PPoR, use it as an I.P. This way the mortgage interest becomes tax deductible.It means you will have to rent…[Read more]