Hi Richard & Terry, Do banks recognise income from dividend if say we had 150k worth of bank shares? If so would they need to securitise those shares? Regards, Jim.

Just another thought Terry, I assume that there must be restrictions on the balance of private vs investment loan amounts, ie the lender certainly won’t tolerate your paying off all of the 7.74% part quickly to leave a large loan at 3.99% by itself.

Split loans are a lot simpler maths wise, and the best strategy is obvious, ie pay off the ppor…[Read more]

I’m pretty sure Mr Carmody would take a pretty dim view of this, just as he does the split loan. I’d be pretty wary of embarking on such a pretty blatant tax dodge.
Jim.

It’s probably a capital expense Lawry, ie it will probably be depreciable at only 2.5%, but you’d have to check with a Q/Surveyor. It wouldn’t be claimable as a repair. Keep your receipt forever, as it adds to your cost base.
Jim.

Almost a split loan in disguise Terry. How is that High Court appeal going?
Jim.

quote:
Hi Powmow,
I got my first property when i was 20. Many banks tried to tell me I couldn’t have finance – had only just finished university – and tried to tie up my parents as guarantors. I didn’t let them, and now I have a few properties all in my own name!!!!
Do your research, due diligence and all of that stuff – and get out there. You…

[Read more]

Hi Powmow,
I got my first property when i was 20. Many banks tried to tell me I couldn’t have finance – had only just finished university – and tried to tie up my parents as guarantors. I didn’t let them, and now I have a few properties all in my own name!!!!
Do your research, due diligence and all of that stuff – and get out there. You feel…[Read more]

I found most agents in Brisbane charge 8.5%. My manager is Waterman’s Proprety Management, and they charge 8.0% for the first, which drops by 0.5% for each subsequent property, down to a minimum of 6.0%. Added to this is $5.50 per month for “Postage and Petties”

(Edited from initial post, as I’ve just checked them on my rental statements, plus…[Read more]

Thanks Bryce for your advice.
The serviced apartment has currently been running for 2 years, relatively new established business. The building is older age and was totally renovated 2years ago prior the the business establishing. Loacation is George St, East Melb. Only 2 apartments currently for sale.
Original owners cashing in…
It has…[Read more]

Hi all,

Just a reminder that it’s Andy’s shout when we next meet!!

Regards, Phil

Hi Jay,

Bugger! I’m with ANZ also. I have not seen my latest c/c statement so I shall persue it, as I am meeting with the bank tomorrow anyway.

I feel that the banks issue confusing fees to keep us focused purely on bloody interest rates. At least we can calculate them, as opposed to working out the what ifs with flat fees.

Your preferred…[Read more]

Hi Steve,

Thanks for provoking thought to your question. I figure you listed “tenants from hell” at the end of your book for two reasons.

1/ It’s a self qualifying measure. A skimmer will read the last bit, think it’s all too difficult and dismiss himself (appropriately) from the hard yards. He will still walk away wondering how some bastard…[Read more]

Thanks W, but all I really know is how to apply maths to some fundamental concepts.

“2) Are you also investing in investment properties or are shares your forte?”

I’ll answer this one first W. I have 5 IPs plus my PPoR. One IP is commercial and it’s cf+, but the other IPs are the sort that are only cf+ after depreciation deductions. My income…[Read more]

Steve : PropertyInvesting.com was created for people to share information that assists is more accurate and profitable property investing.

Yes steve…exactly. PEOPLE. You said it yourself….and people come in many different shapes and sizes and have MANY differing opinions. Good or bad. Why cant we share the PITFALLS (which are negative coz…[Read more]

Nicole, it is essential that you make enquiries first and foremost as to whether you can obtain finance and what kind of LVR.

Many lenders have either turned their back on inner city units because of oversupply or else
substantially reduced their LVR.

Even more important is the fact that the size of the living area (not including the parking…[Read more]

>>Try and find out where the tenants have been moved to.<<

What is your reason for that Judith ?

Pisces133

Hi Pinky – where are you located? If you really wnat rats, I can introduce you to the local chapter of the Aus Rodent Fanciers Society – heaps of like minded people who will help you get set up the best way for the little guys – and guy(boy) rats are in my opinion the best – much more chill than the little lady rats!!!![]

Rats are the coolest – I said goodbye to my two little guys last year – old age. Jack Sprat and Harry International Rat of Mystery. Both pedigreed, show rats – Harry with a championship under his belt – they are so cool – everyone should have such cool pocket pets – affectionate, friendly, highly intelligent, inquisitive, and lots of…[Read more]

lmao @ One was 20 the other 22
this is naughty as it should read 20 too

I laffed at that!! Thanx for the answer…my blondeness was really suffering LOL Im useless at riddles but I love em…..go figure LOL

time for another one?

~ If at first you dont succeed…destroy ALL evidence you ever tried to begin with! ~ :þ

Much better Westan. You really must resist posting anything potentially libellous. It’s so not worth it! Just be constructively critical.
Crashy I don’t mind you promoting your website etc, but you have to be really subtle about it, like all the mortgage brokers here[].

eg
“Those who were smart enough to realise spending $295 to save thous…[Read more]