Total Members: 158,560

Phil_2

  • Phil_2 replied to the topic rent to who? in the forum General Property 20 years, 4 months ago

    ah huh, whats the diff. between CPI and market forces when it comes to rent prices? Is this good/bad?
    I was thinking renting it to them.
    Do they buy houses at inflated prices?[;)]

  • Phil_2 replied to the topic Keep 5yr fixed @ 5.99 or Variable LOC in the forum Finance 20 years, 4 months ago

    did I hear someone say 5.99% fixed for any length???
    We just did some fixing last week, 150k @7.15 for 1 year!!! Did we get ripped?
    I’m still learning the banking part, poss not very well.

  • Phil_2 replied to the topic WA -ONE near the beach or TWO further inland?? in the forum General Property 20 years, 4 months ago

    Luke, Just to rub it in 4-5 years ago those 120k houses in Armadale were 60K. My best buddy bought nice 3×1 2yrs ago for 90K has it now rented at 170/wk and is now worth near 150K. Not too bad for inland.

    If you’re earning ok$$ now is not a bad time to buy the Brighton house(was it?) because they’re pretty cheap compared to some inland stuff. And…[Read more]

  • Phil_2 replied to the topic rent to who? in the forum General Property 20 years, 4 months ago

    thanks for the replys so far, but to shed more light on the situation – we’re building a 4×2 near where we live, some friends in the area sugested DHA. We’re in Perth’s north and there is an air base rather close.

    So Diclem I can’t see the same issues as if you we’re in an isolated town.

    Melbear, when you say inflated prices your not talking…[Read more]

  • Phil_2 replied to the topic Building a house in the forum General Property 20 years, 4 months ago

    we’re building now and you need to watch very carefully what is going on. When you find a plan (assuming project builder) add adout 15% for finishing costs, and yes time, depends on the block but we signed up for the block in september 03, then went gung hoe with finance and building Co. and we still haven’t seen a contract to build yet. The only…[Read more]

  • Phil_2 replied to the topic Insurance tricks to save in the forum General Property 20 years, 4 months ago

    where can i get bulk insurance disc? I’m asking Rac right now and they say no!!!!

  • Phil_2 replied to the topic R U FOCUSED? in the forum General Property 20 years, 4 months ago

    Hi Philip
    First you must be pretty clever with a name like that![:D] I agree with Mel, make sure you know what you want to achieve, not in investments but in life, where you want you and your family to be in say 5 and 10 yrs, then work back from that. Just remember that you Can do it and it is worth it!

  • Phil_2 replied to the topic wraping – good or bad? in the forum No Subject 20 years, 4 months ago

    Kay I appreciate your thoughts, I am only interested in doing ethical and moral bussines however it poses the question, if the wrap is a win win situation and your offering them a good deal, does that seem ethical?
    Or is there something I missed?

  • Phil_2 replied to the topic wraping – good or bad? in the forum Opinionated! 20 years, 4 months ago

    noted
    would this stop you from doing a wrap?

  • Phil_2 replied to the topic doing ok??? in the forum Help Needed! 20 years, 4 months ago

    Thanks Mel
    How exactly do you pull out equity by refinancing?

  • Phil_2 replied to the topic doing ok??? in the forum No Subject 20 years, 4 months ago

    Thanks Mel
    I have two issues in my head 1. our 2IPs are negatively geared and 2. the idea of selling anything and paying 25% CGT kinda bugs me.
    I want to build again but with out some major change I can’t afford to pay another dollar.

  • Phil_2 replied to the topic doing ok??? in the forum Help Needed! 20 years, 4 months ago

    Ok Richmond
    3years ago we paid 104K for PPOR now worth 180K, In march we bought a 4×2 IP for 155k now worth 195K. now we’re building a 4×2 IP cost 220K finished aprox value 280k. So 665k total value and 465k of debt. And as I said I want to buy a business in the next couple of years does it look like I’m on the right path?
    Thanks

  • Phil_2 replied to the topic Blind leading the blind in the forum Help Needed! 20 years, 4 months ago

    My wife & I are in almost the same situation as nikeair. We will hopefully be finnished building by Sept. We will then have 2 -ve geared houses & PPOR – total debt 470K aprox value 670K.
    You’re doing the right thing by asking for help and dont feel pathetic, believe it or not we all feel like that sometimes.

    PS Asking God for help might not be…[Read more]

  • Phil_2 replied to the topic which is the best option in the forum Help Needed! 20 years, 4 months ago

    Just a thought on the types of properties your looking at. My wife & I bought 1 of a triplex last year. The strata title had the body corporate stuff written out. So even though it’s in a group it’s treated like an independent(freehold) house. The only thing to watch out for is would that work in the units your looking at? We have only 3 detached…[Read more]

Phil_2

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