What's a moo?

You keep smokin' dude; I'll stick to Napoleon Hill.

As a past vocal critic (unusual for me to be like that I know!!) of the speed of the site, I am happy to see that it has improved out of 'site' (pardon the pun). Well done techs!!I would like to see recent posts appear on the login screen as before though. Small criticism. Generally I like it.Lisa, click on the "forums" button at the top of the…[Read more]

It's not always about being "the provider". Maybe they are being chivalrous; you know; that politically incorrect practise of being nice to the fairer sex , and for that matter; anyone else on the planet.Maybe they are disgustingly rich and like to pay. My best friend is rolling in cash and loves to be the first person to put his hand in his…[Read more]

The usual immediate effect of an interest rate rise is the normal "mums and dads who must spend every cent on doodads" consumers pull their financially illiterate heads in for 5 mins.Sorry; had to get that off my chest!The idea is that the rate rise will slow down consumer spending, which puts a dampener on the "demand" side of the "supply and…[Read more]

Renting a place yourself while you rent out your other properties for most people is the finacially smart thing to do. All the interest and holding costs on your I.P's are tax deductible, and if you are a fairly high income earner it is even better. Many can't stand the idea of someone living in their PPoR though, but if it doesn't worry you then…[Read more]

Don't ask this question too loud; the agents might think this is a new way they can gouge some dough out of us.

No F; I don't think you are.As usual, you are the number cruncher who reveals the real truth.I remember reading a book by John Burley ("Money Secrets of the Rich" – every high school student should have to read it I.M.H.O), where he was talking about Banks. He said that if a Bank comes up with a product, and also advertises it heavily, then you…[Read more]

Totally agree S that tax is not the sole reason to invest – to me it is the icing on the cake.The tax deductions for I.P's are a bonus at any marginal tax rate. Of course; the higher your tax rate the better it is.

The arguments for and against what you are asking are numerous.A main reason for owning an I.P as your first property is the tax write-offs from the holding costs of that property, but you still have to pay rent where you live as well, so there is a bit of a trade-off. Because you are self employed and probably don't get tax refunds, then this…[Read more]

It will be interesting to see the 'fallout' from this product in about 3 years. As you are probably aware Wayne, the market here in the US has just begun to see the ramifications of weird and wonderful and 'creative' finance products taken on by borderline qualifiyers a few years ago.My worry is it will happen back home in Aus. Glad to be…

My gripe with all these 'exotic' finance products is they are designed to make it possible for those who normally can't afford to get into the property market. With affordability at an all-time low, the finance companies and the banks are looking to invent new ways to get people into the housing market, and the M.B's are gunna push them as they…[Read more]

I've been living in L.A for the last 19 months, and I haven't seen a r/e agency yet that offers property management. They seem to be two totally different animals here; sales and management, and the management companies I have seen seem to be only interested in apartment buildings – not single family dwellings.I know a fairly successful investor…[Read more]

emmajames wrote:
Who (what are these people called and where can i find them) should i pay to do an inspection of a property i am wanting to invest in if i can't do it myself?

You can do the inspection yourself, but be prepared to get dirty and do some crawling around in roof spaces and under floorboards. Depending where the property is that…[Read more]

I did a calculation on the cost of our morning coffee at breakfast. My wife and I only have 1 or maybe 2 cups per day.We buy a large 1 kg tin of the local supermarket home brand ground coffee, which is usually around $6, but can be found in the specials bin if one of the cans is dented (around $3.50). It is very nice coffee as well. Each tin…[Read more]

All done

Don't know much about Fincorp, but Neil Jenman has a fairly in-depth story about Westpoint on his website, and a recent comment about Fincorp.

picklesam wrote:
hi wealth4life, yeah i know what you're trying to say…but it's kinda hard to work on my roots now because i'm not academically or business smart, i struggled through highschool but still made it to uni…struggled through that too and now i have a pretty decent paying job, i'm pretty happy with how i turned out but don't know…[Read more]

We have a property in Kalgoorlie that we have owned since 2003. The property came with a GEHA lease, which I am assuming is similar to you situation, and they re-signed for another 2 x 2 lease.We have never had a missed rent payment and the property is looked after by them. There has been an odd incident (domestics I gather) but basically trouble…[Read more]

Wylie wrote:
I know that Noel Whitaker seems to always advise paying $12 per $1,000 per month, but no more as this is the optimum repayment and will repay your loan in about ten years.Wylie

that's not a bad criteria; at 1.2% per $1,000 per month that is 14.4% per year. Unless interest rates climb to that level, you are doing well.Why does he…[Read more]