Michael,I purchased my first property in the same manner as yourself, I bought three properties in my first three years whilst living at home. I retired at 34 off the back of property and a science teacher at Doonside High School. Drop me an email offline at http://www.birchcorp.com.au and I can guide you through my success. Otherwise, all the advice…[Read more]

It is all about the strategy, Terryw,  I like that you are thinking, but, Taking money out with the intention of margin loans has a large element of risk : Margin loan interest rate of 8%, not likely and it will only get worse with the years to come….. A drop in the stock market like the GFC – do you sell or sit and wait only to find we have…[Read more]

There is no need to air your dirty laundry here…….. Renting out rooms has CGT consequences as well……   I cannot say what to do here but I know a lot of people that will put there hand up for that free rent…..Leigh Birchhttp://www.birchcorp.com.au

Wayne,Its generally too difficult to find finance whilst you are out of work.Use your credit card (if available), then transfer the balance to a nil / low interest credit card until you get a job and back on your feet. Once you find employment you can refinance this debt under your investment property (with LMI – tax deductible if your CC debt is…[Read more]