quote:
Hi,
I’m new to this. Could someone please fill me in ? IP ? PPoR ? PPR ?
thanks

Hi lazyboy?

Confusing hey! Still getting my head around it all too. Anyway these ones I know.

IP = Investment Property
PPoR = Primary Place of Residence (ie your own home)
PPR = PPoR but too lazy to type the “o” []

Regards,
Namasté

I have found that in the public service the slackers generally get promoted. I think there are 2 reasons for this.

Reason 1 is that their boss is sick to death of them and because the public service is so adverse to sacking people the only way of getting rid of the dead weight is to promote them somewhere else.

Reason 2 is that a lot of…[Read more]

Hello all Canberrans.

I just found this thread. Please count me in for any future meetings. You can contact me at jineroo@bigpond.com.

Karan
(aka Namasté)

At the risk of P’ing some one off – If you’re a girl you better dress right. Its hard getting REA’s to take you seriously when you are a girl. It helps a bit if you “power” dress though I hate it. A couple of times I’ve taken a male with me only to have the agent direct all the answers to my questions to my male companion!!! I swear, never once…[Read more]

Well well. What has suprised me most from this thread is the number of “us” who have tried MLM (me included). I guess I shouldn’t be suprised tho’ as being a member of this forum shows we are all keen on finding a strategy to achieve financial freedom and we all acknowledge that working for a boss or even having your own business probably won’t…[Read more]

Arrggghh!!! I’m confused!

Just finished talking to broker regarding accessing equity in my IP to buy land. Asked about just extending the IP’s mortgage so I can redraw equity as required or using LOC. Ended up with the redraw option because of 2 things. Firstly the interest rate on my mortgage was as good as the LOC’s he showed me (6.2%) and…[Read more]

Hey bigben
Yeah sure sounds like a “personal stability thing” as you put it. As Terryw says I don’t think it would be a good move financially.

I know how you feel though and I have done some things that aren’t the best financially but make me feel better. What price personal peace? All you can strive for is a balance I think.

Best of luck
Namasté

Can someone please explain what is the problem regarding landlord insurance if your tenants are no longer on a fixed term lease? How does that make any difference?

My tenants are also asking to go onto a month by month basis once their lease expires.

Thanks.

Namasté

Hello Bill

If you are still sending out the info on private selling I would appreciate a copy.

Email address is jineroo@bigpond.com

Thanks.

Namasté

Hi dreamergirl,

I’ve been in Canberra a while now and keep a close eye on both the buy/sell and rental market here so I feel I can give you my opinion. I have my own place and one IP which has never been vacant in 5 years so you can weight my responses against that.

Firstly if you can rent your place in Belconnen for as much as it costs you in…[Read more]

Thanks richmond. It’s always good to stop and think about where you are going and why.

1) I remember as a child my mother always telling me how she could never afford to buy herself a new dress or anything because all their money went on “us kids”. I grew up feeling guilty for being alive and determined not to be poor. That is what started me o…[Read more]