Total Members: 158,752

PenguinJr

  • PenguinJr replied to the topic IP in Perth in the forum General Property 20 years, 3 months ago

    HHhmmMmMm.. so.. help me out here…

    Queensland would be a much better place to look for positive cash flow IP yes?

    and whats that about land tax? letting fee?

    Thanx, i’m still a newbie.

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic st george lo doc in the forum Finance 20 years, 4 months ago

    Hi guys,
    What’s needed to qualify for a lodoc anyway?

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Finance in the forum General Property 20 years, 4 months ago

    Hmm..

    Hey Derek, do you mind explaining wat ‘savvy’ is? and the concept of line of credit?

    Thanx in advance =)

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Difference in QLD and NSW in the forum No Subject 20 years, 4 months ago

    guys? girls? According to http://www.reiv.com.au/information/pg_info_calc.html
    QLD pays more stamp duty than NSW, is this true?

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Tax Office Targets in the forum General Property 20 years, 4 months ago

    Oh nice, where did u get that review from?

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Difference in QLD and NSW in the forum General Property 20 years, 4 months ago

    btw according to the calculator that georgisj gave, QLD pays more stamp duty than NSW?!

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Difference in QLD and NSW in the forum General Property 20 years, 4 months ago

    Hm.. thanx guys.

    I’m looking for an investment property in QLD for B&H and maybe wraps.

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic anyone with unwanted +ve properties? in the forum General Property 20 years, 5 months ago

    …..

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Needing Finance!!! in the forum Finance 20 years, 5 months ago

    To qualify for loans such as the ‘loDoc’ or ‘noDoc’, do they only need the average income and a substantial amount of deposit?

    They dont need things such as proof of bill payments and stuff?

    Sorry if I sound ignorant, i’m still learning.

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic anyone with unwanted +ve properties? in the forum General Property 20 years, 5 months ago

    hm… yea.. I’m well aware of those…

    Its just that I just started on my self-employment… and I know that its gonna take time for the lenders to approve me. Even then, I still wanna learn as much as possible whilst gathering up the cash and building up some good income statement to convince the lenders.

    This is one of the many resources that…[Read more]

  • PenguinJr replied to the topic Question about commercial property and lease in the forum General Property 20 years, 5 months ago

    Hm.. all in all I basically understood what everyone was saying, and that there is this convention of charging rents on a monthly basis.

    I also understand the importance of analysing the clauses carefully…

    but I’m not too sure if I understand the following:

    Originally posted by elves:
    1 year, with option to resign at 3+3, so first year if ok…[Read more]

  • PenguinJr replied to the topic Picking your Investing ‘Team’ in the forum General Property 20 years, 5 months ago

    So we should only have a banker/mortgage broker?
    Whereas we can have a different conveyancer, solicitor, etc according to the locations?

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Question about commercial property and lease in the forum General Property 20 years, 5 months ago

    the difference in a year.

    Financially Independent = Gateway to FastTrack

  • PenguinJr replied to the topic Question about commercial property and lease in the forum General Property 20 years, 5 months ago

    Hmm.. interesting..

    and part of the reason why I asked whether it matters if its paid monthly or weekly is… if you get paid monthly… you only get y x 12 = 12y. if you get paid weekly.. you get y/4 x 52 = 13y. A month worth of lease difference.

    Anywayz… I’ll do more research on this. thanx peeps.

  • PenguinJr replied to the topic Interest only mortgage and 2nd mortgage in the forum Finance 20 years, 5 months ago

    Thanx guys,

    Thats what I thought too… damn mortgage choice… >.<

  • PenguinJr replied to the topic What’s capitalisation rate? in the forum General Property 20 years, 5 months ago

    oww.. i get it… Thanx peeps =).

  • PenguinJr replied to the topic Question about reno in the forum General Property 20 years, 5 months ago

    Hm.. good point guys =).
    win/win situation huh ^^, thanx.

  • PenguinJr replied to the topic Advice on Tenders….. in the forum Help Needed! 20 years, 5 months ago

    Hm… I understand tender and stuff..

    but for the deposit bond… is it like a … um… “promise” in a way? but it needs an approval first right?

  • PenguinJr replied to the topic The order of getting a property in the forum Help Needed! 20 years, 5 months ago

    Wow.. very detailed information guys =)..

    I understood everything except ‘trust’… What is a trust?

    And btw, if you’re pre-approved already, why do you need those current pay slips and stuff? And the thing with me is that I’m mostly self-employed. Hmm..

    But thanx for the insight, i’ll be sure to save all those information. [^]

  • PenguinJr replied to the topic What’s capitalisation rate? in the forum No Subject 20 years, 5 months ago

    I know that no-one has said it… I was just making a conclusion from all that and ponder if I understood cap rate properly or not.

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