Don’t know if it’s the new site or my computer but since the new format, quite often, when I click to open a thread, a message comes up “Internet Explorer cannot open the site bla bla bla”, and asks you to click on the OK button. When this is done, you are redirected back to “This page caanot be opened etc. So I click on the back button and…[Read more]
Wont be able to make this get-together unfortunately. Pity, I was looking forward to those tim-tams.
Hopefully can make the next one.
Have fun all.
Oh, and by the way, my non-attendance has nothing to do with the footy, lol.
We may be able to draw down some equity as we paid a fairly large chunk off initially but we don’t have enough income to service the debt. Thus the idea of wife going back to work.
I believe Dazzling has said it best when he said basically you have to be patient.
By getting to your equity now and buying another I/P you will still…[Read more]
Originally posted by Cindy_Henderson16481:
We are currently under a Mentoring Program run by Craig Turnbull. The course lasts for 12 months (finishing Sept 2005) and has been a great help along our investment path.
Our net worth has increased by at least $200,000 during this time – we would not have had the courage to invest to this level on our…[Read more]
So lets say I have an I/O loan of $100,000 with an offset facility.
I win $100,000 in the lottery (wishful thinking), and deposit it in the offset. So now I am not paying any interest.
If I decide to discharge the loan, do they (the bank) just keep the money in the offset and everything is square (less discharge fees etc), or do I have to…[Read more]
Originally posted by bestbest1:
i am looking at buying a property in the ipswich area in queensland, now i have heard that prices there are set to fall around $60,000
Where exactly did you hear this info from?
I’d like to get an opinion from everyone on how much you think you would need (in equity) to even consider living on equity. Obviously, this will depend upon your living standards etc, but what sort of built up equity is required?
Chang, just remember that these companies are set-up to make money, so you are probably paying their fees for things you could do yourself, however, if you feel that their fees are appropriate and if it gets you into the property market, then so be it.
Makes it hard to comment without knowing the company/ies involved. There are some dubious ones out there
Originally posted by Michael Whyte:
My view: “I’ll be retired when my passive income replaces my salaried income (currently $200K pa)
Michael, can you tell us what your current occupation is?
Or even a clue if I’m being too nosey [biggrin]
Originally posted by JKM:
Do you mean that the equity in one property is enough to support the loan & thus you are releasing the other property & it will be debt free?
Hope that helps
Re Q2, yep, thats exactly what I meant and you have answered both questions for me.
Originally posted by resiwealth:
My eldest nephew (33) has 9 investment properties and no home mortgage. He uses a system i have been teaching him for several years now. He has no car leases, no credit card debt three kids and a rock solid marridge because they have no pressure.
Craig (nephew) is a totally adverage bloke from an adverage family,…[Read more]
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