Hi Peter,
I haven’t used the two models that you have mentioned, but have had a Hewlett Packard 10B for quite a while and would recommend it.

It is an old model now, but one of my friends has just picked one up (discounted because it was dicontinued) for around $40. A bargain at half price!

Cheers, and happy cashflow calculations![]

Nathan.

Hi Gerard,

If you drop me an email at ashgrove@wizard.com.au and let me know where you are located I should be able to suggest someone to talk to.

Cheers and happy investing,

Nathan[]

Hi Gerard,

Low/No doc type loans were designed for self employed applicants, who through the assistance of a helpful accountant etc show a low taxable income, while in actuality they can afford to repay loan amounts which would require a higher taxable income.

Usually they ask for a declaration from the borrower as to their actual earnings (not…[Read more]

quote:

The reasons now seem silly but at the time sounded like they would have helped us pay our loan off quicker and at less per month.

The reason l asked about living in our home while making it an investment property is for tax reasons. Is an invertment loan cheaper per month, if so how or who do we see about changing, can l change to an…

[Read more]

quote:
hi guys.
I think you can use the equity in the first houses you wrapped eg: if you depositted 5% for your first 4 wraps and they were all approximately the same price then you have 20% equity that you can use to buy your next property.

Hi Stonewall,

Sorry, you can’t use the equity that you have in other wrapped properties for deposit +…[Read more]

quote:
Is it common that the vendor and purchaser have the same solicitor acting on a purchase?

Hi Arnaldo,

It is not common (as not many people tend to choose the same solicitor), but it happens from time to time. It can be an advantage if there is a change in arrangements (eg settlement date) as communication is quick and easy.

Cheers and…[Read more]

quote:

This case was actually the one featured in my second (Feb 02) newsletter!

Hi Steve, Is there an archive of these older newsleters anywhere?

Thanks,

Nathan.[]

quote:
Hi Guy’s

My husband are trying to buy our own home, we have been in it for 3 yrs now, l have made three bad loan changes if we had stayed with the first loan we would have a lot of euqity in this house but with three mistakes and the fee’s that go with them we have none.

So my question is HELP. Is there any way we can make our house an…

[Read more]

quote:

I want to become financially independant in 12mths, and would like to know from you gurus out there that have achieved this, as to your frequency of buying (wrapping) houses? IE what is and isn’t realistic?

Hi Hurricane,

I am not a guru or financially independant, but I am on my way.

I think that you are the best person to answer your…[Read more]

quote:
I believe in Harts case what occured is that the whole of their interest, from both their PPOR and their investment property, was claimed as tax deductable interest whilst all incoming funds were directed at the mortgage on the PPOR. Therefore, the interest which was claimable grew and grew.

Hi Kirby,

My understanding of the case is…[Read more]

I have been reading the posts and agree with all of them! On the building side of the coin, a few months ago I was talking to somone who was caught out. He purchased a brick 3 br unit without a building inspection and a few months later found that the building had underpinning issues which the body corp could not pay for. After all was said and…[Read more]

Thanks you all for your posts.

It will be interesting to see what eventuates. Will the High Court victory (that is being tipped) give birth to new legislation?

What will happen to those investors who are using the capitalising split loan currently.

We live in interesting times!

Happy investing to one and all! May it be tax effective but not…[Read more]

Good to know the name behind the initials! Thanks for your posts and sharing your wealth of knowldege.

I must admitt though when I read the title of your post, i thought it would be a slightly differnet confession!![][]

Thanks and cheers,

Nathan.

Happy Investing!!!

Hi Leigh,

You did a good job of the explaination. The Hart’s were using a type of loan that was marketed heavily in the mid to late 90s due to the perceived tax benefits. That was until the ATO disallowed interest deductions as you mentioned Leigh.

I believe the Harts had a principal place of residence and an investment property. The type of…[Read more]

Hi I will have a stab at this, but you would need to talk to an accountant etc about taxation effects etc.

Starting on no 2 first. I believe that the articles that you read that suggest to put all IPs in the highest income earners name assume that the IPs are negatively geared. Important distinction if you are considering positively geared…[Read more]

quote:
My biggest problem with starting investing in real estate is the fear factor.

A few thoughts:

Educate yourself fully on your niche area of investing.

Plan in advance, and structure your business to minimise risk.

Also check out material on NLP eg. Tony Robins for giving yourself tools to overcome your fears.

Happy [] investing,

Nathan.

Hi Gavan,

You are right, it is a very hard question to answer without delving deeper into your situation and your goals.

In general though, if you have a principal place of residence and want to pay the loan down quickly, then you would need a flexible type loan. If you were hoping to reduce the debt on your investment property in the same…[Read more]

Hi kutty,

Which bank did your valuation? I ask this because some institutions do full valuations, some institutions do restricted access valuations, others do residex and some have been known to take contract price as long as the purchase is arms lenght.

Lastly did you deal with the bank direct or through a broker etc? I ask because you may be…[Read more]

Hi Pete,

Also have you investigated finance for the factory? You may find that the rates are not as compeditive as home loans, and that the required deposit is 25% ore more!

Cheers,

and happy investing[][][]

Nathan.

Is the factory currently leased? What is the durantion of the lease? Are there options to extend the lease? Are rent reviews built into the lease? If so are they at market or CPI or both?

Is the factory purpose built for the existing tennant?

What are vacancy rates like for your type of commercial property?

Cheers, []

Nathan.