Yeah you should be eligible for the first home owners grant, pay no transfer duty, and pay no mortgage duty.

Anyway I’m sure it will all work out in your favour, after all you have purchased and have tenants moving in, what more could you ask for aye?

Good luck and all the best!

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

Hey Simon,

I think I might of been getting a little carried away. But be good if that was the case though, hehehe.

So they are actually privately funding my investment, but not making money on it. I’m just using their stale equity as a mule to jump start my investing process.

Be in touch shortly to see what sort of rates you might be able to…[Read more]

Sensational!

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

Have nothing to say on Hans Jackobi and his secrets to real estate course, re: Positive cashflow…

But the way I see it, anything can be made positive cashflow with the amount of money you inject into the purchase. The more money invested (your own), then the less borrowed and thus smaller loan repayments. Therefore you can manipulate your…[Read more]

I don’t really know what just happened there but if you have read the above, I guess the QLD Office of State Revenue would be a better site to check for concessions relating to your property: http://www.osr.qld.gov.au/

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

Hey Rach,

That’s awesome, and yes daft it would be indeed.
Congrats on your purchase and hope it works out for the best.
Are you in QLD since you bought in QLD or just worked out that way?

I should be buying in Sydney, NSW and should be ready to enter the market for a residential property end of 2005 or start of 2006 (that is my short term…[Read more]

FFComm,

Please don’t respond with a ridiculous comment like that as I have already outlined I am not eligible for a personal loan, not with a financial institution anyway.

Through discussion with Simon, it is clear to me that a valid option would be for someone with equity to take out a LOC of $40,000. Then organise a solicitor to draw up a loan…[Read more]

Hey Rach,

That is my understanding of the FHOG. You have a year to move into your new place of residence and then must live there for atleast 6 months to keep your FHOG. It is exactly what I am going to do, it would be stupid to let the FHOG pass us by so use it while you can and exploit it to your benifit because it’s all…[Read more]

Hey Simon,

I have sent a private message. I was going to post my response on the forum for open discussion as many heads make light work. Could you please post my list of concerns and reply or just send me the email back so I may post it (either or)? I guess it not only opens up finance issues but a few legal/accounting issues that may be a bit…[Read more]

I think if we run out of room or breath or need to wash them Tim Tams down…

I hear they serve cold beverages at the Bayview, a stone’s throw away I believe.

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

It seems to me that turning 21 is a huge thing for most kids and so I put it to ya…

They should be out or just about to leave when they turn 22, otherwise they might aswell be turning 17 again.

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

No way I will be accepted for a personal loan or a credit card with that sort of limit, as I do not earn enough money.

So if I find someone willing to put up security for my loan such as equity in their home, it would be possible to get a 100+% loan for my deal?

Simon, people have only spoken highly of you in regards to brokerage matters, are…[Read more]

Don’t mind my ignorance but what in the name is a blog?

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

Thanks for your tips – appreciate the advice. Cheers.

Good idea, but don’t go back home once you’ve made the jump. It’s fair enough to use the oldies as a safety buffer if things really go sour, but your learning will be exponential once you keep trying new things on your own 2 feet.

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

I’ve made a note for the September the 11th. Can’t confirm until closer to the date though.

The footy rocks, even more at finals time.

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

Thanks to everyone for their tips…am almost through reading Steve’s first book (From 0 to 130 properties) and am trying to hunt down the elusive positive cashflow property

Stoked I got a reply and from the man himself. Cheers.

I have viewed their 2003-2004 annual report and have absorbed some very interesting information but not exactly what I was after. Might have to follow this up as it is an interesting topic, well not for all anyway.

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

Hey Dev,

With your proposed franchise, sounds like you’ll be sweet to organise a loan if you end up without a silent partner. Go for it mate.

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly Fine’ – Jack

We are here to learn, advise and feed from each other’s experience and knowledge.

I take it you didn’t appreciate my input. lol. Sorry to offend mate.

Next time I’ll keep my 2 bobs worth to myself and pass up the opportunity to learn something new, now that would be insulting my intelligence.

Cheers,
Jacob.

‘Stay Happy and you’ll be Perfectly…[Read more]