NEVER SELL, NEVER SELL, NEVER SELL, NEVER SELL.got it?use your existing equity to buy more. develop the land, sell a couple and keep one or two as cashflow positive IP's with nice depreciation deductions.

With no income at all other than rent, you may find it harder to increase the loan limits at all unless you switch loans over to things like NoDocs and LoDocs.

devo76 wrote:

L.A Aussie wrote:
Trying to sell our Honda Accord now for the return back to Aus in April.Spent 2 hours madly cleaning the car inside and out this morning as there was someone coming to look at it.They never showed and no phone call. Seems to be a standard thing for this caper. I've done it once before and was the same deal.…[Read more]

I'm assuming the students are Uni students?The fees you mention work out to approx $101 per week, not including the insurance and rates, maintenance and any vacancies. Don't forget that between late Dec and early March you will have no students there if they all go home for the summer break.Your total rent for the year is likely to be $15,400…[Read more]

If it were me, I'd be moving back to a rental in the hometown, rent out the PPoR and keep both properties as IP's.Of course, whether you could hold the two and service the debts on both as well as pay rent yourselves would depend on your new incomes and what the rent you will be paying will be, and what rent you get from your current PPoR.If this…[Read more]

Mary Wilson wrote:
Hi Guys. Sorry to burst the bubble of negativity, but i signed up with Lending Institute six months ago, and it has changed my life. I know that sites like this can be great for advertising, and I am sure that Trent is a great broker, but i changed my loan from a CBA 100% offsett to a Lending Institute loan (And belive be…[Read more]

You wont find the 11 sec rule around on anything decent these days. The sort of areas where you'll see it are dogs.The only way you will achieve pos cashflow is to either create it through renovations, or subdivisions and building – adding value.The other way is to look for POSITIVE CASHFLOW AFTER TAX properties.This occurs when the cashflow is…[Read more]

You can claim without the diary; just hope you don't get audited.Just give him the correct figures and tell him to do it.He gets you to sign a bloody waiver anyway; what does he care?

Have you got a deposit of any sort saved yet?

Try seek.com.au

Trying to sell our Honda Accord now for the return back to Aus in April.Spent 2 hours madly cleaning the car inside and out this morning as there was someone coming to look at it.They never showed and no phone call. Seems to be a standard thing for this caper. I've done it once before and was the same deal. Ended up keeping the car.Selling cars…[Read more]

I've lived in SoCal for the last 2 years and never heard of this place. It certainly hasn't hit the news that I know of.I think the situation is a lot more complex that the video shows. Or, it could be simply a congregation in one area of homeless people; of which there are a huge number in this State.Bottom line; the Country is great if you have…[Read more]

Could be the owners were starting to feel the rate rises and sold.Look on re/com.au at the sold properties for the area, find the properties in question (they should be there) and then call the agents and ask them what's been happening.

In 1993 I got offered a block of land by my Uncle at Kilcunda; a small, sleepy coastal village south of the Philip Island turn-off in Victoria. It was $5k, and I had the cash sitting there; I was saving for my own PPoR. I said no thanks.Good houses with views are going for $500k plus.

gully wrote:
I am renting a property and have done for the past 6 years. It has now been on the market for 3 years. We have always admired the propery regardless of the amount of work that needs doing[alot]. Any advice on how to approach the landlord with maybe Rent to buy situation or vendour finance would be great. i feel i need to think…[Read more]

Sticking the money in a high interest savings account is useless. Worst investment going.Say you get 7% interest (ING pay that with their online Maximiser Account). You pay tax on the interest at your marginal rate, and there is also inflation eroding your capital at around 3% per year. Your nett return after tax and inflation is probably around…[Read more]

Investing to get a tax deduction is not what you should be looking to do. Why invest to make a loss?To minimise your tax through neg gearing IP's it means that you have taken a cashflow loss. You will be spending $1 to get back 50c.With the financial position you are in, you could invest in something like a small reno/subdivide/sell and make clear…[Read more]

Don't forget that you won't be able to access all that equity. Unless you go for a very high LVR LOC on your PPoR – 95% (which I personally believe is very risky; your house is on the line), then in normal circumstances the Banks will only allow you to use 80% of your PPoR's value for re-borrowing, minus any existing loans.So that means, say for…[Read more]

Also look in rural Victoria, but I'm not sure the cap growth will all that exciting.Try to look for towns that are experiencing a rise in population, and have a population of at least 5,000.Unfortunately, in tat price bracket, you'll find a lot of places are going backwards; that's why they're so cheap.You may be better to go up to say $150k, cop…[Read more]

I'm older and have seen more bad times than many.My advice is keep the LVR under 80%; especially in the current economic climate and rate rises.Paying down debt and consolidating your financial position is part of a smart investment plan. Plenty of people go broke because they have loads of equity, but can't service the loans, and then have to…[Read more]