Total Members: 150,893

Pimobpi

  • Pimobpi replied to the topic LVR in the forum Help Needed! 3 years, 9 months ago

    Hi Mikey,

    You’ve gotten some really good advice but I have a something to add regarding LVR.
    Although 88% LVR is the “sweet spot”, my opinion is that you shouldn’t aim for it just because it is something that is available to you.

    There are some advantages for borrowing more of “other peoples money” & increasing LVR however I believe that taking…[Read more]

  • Hi Nan,

    Understandably, everyone with a loan wants to limit their interest expenses. I would NOT choose to fix my rate unless I couldn’t afford another interest rate increase. Are you trying to “time” when to fix interest rates because you cannot afford to pay more or because you are hoping to fluke some interest savings? I am thinking that…[Read more]

  • Hi Nan,

    Understandably, everyone with a loan wants to limit their interest expenses. I would NOT choose to fix my rate unless I couldn’t afford another interest rate increase. Are you trying to “time” when to fix interest rates because you cannot afford to pay more or because you are hoping to fluke some interest savings? I am thinking that…[Read more]

  • Hi Ashley,

    The City Council can give you this specific information (if you call).
    They will not indicate who they prefer to work with but they will give you a list of the most frequently dealt with.
    You can then interview all (or pick a few) & judge whether they suit your needs….or not.

    Just on the topic of “thinking outside the box”. It…[Read more]

  • Hi,

    As usual, I very much agree with Benny’s advice.

    There is something worse than being a procrastinator & that is when one becomes a pre-crastinator instead.

    A pre-crastinator is a loose term used for people who are afraid of being a procrastinator & therefore jump into situations “too early” just so that they can cross it off their…[Read more]

  • Hi,

    As usual, I very much agree with Benny’s advice.

    There is something worse than being a procrastinator & that is when one becomes a pre-crastinator instead.

    A pre-crastinator is a loose term used for people who are afraid of being a procrastinator & therefore jump into situations “too early” just so that they can cross it off their…[Read more]

  • The confidence one has in their strategies, of returning back to wealth, if disaster was to strike – is what I would consider as being “Rich”.

    Very similar to a “doomsday prepper” but without the camo gear & tonnes of baked beans………….OK. I lied about having too much baked beans, it’s probably best to keep stacking those tins.…[Read more]

  • Hi Brett,

    I feel that if NG changes are made, it will be a loss for both:
    a) the home buyer who became an investor &
    b) the future hopeful home buyer.
    I feel this way because there is at least one other dimension to this problem that is never discussed………………although its presence is not hidden from view & has always proved…[Read more]

  • Hi Brett,

    I feel that if NG changes are made, it will be a loss for both:
    a) the home buyer who became an investor &
    b) the future hopeful home buyer.
    I feel this way because there is at least one other dimension to this problem that is never discussed………………although its presence is not hidden from view & has always proved…[Read more]

  • Hi Benny,

    Thank you for your kind words. I think that you are enlightened & very much deserve that accolade.

    I agree, these seemingly useless skills are the throttles that help propel us in everything we do. I write “throttles” as they provide us with no clear direction, at the time the skill is learnt, but they become catalysts for future…[Read more]

  • Hi PeteJackie,

    I loved your question, it’s been a few hours so I wanted to reply.
    Pardon me if you wanted a quick reply, I hope mine is of some interest to you.

    I am in IT & also in the Property Development business. I make mistakes all the time (in both industries) but I am quite successful in both too. Most of my failures are not…[Read more]

  • Hi PeteJackie,

    I loved your question, it’s been a few hours so I wanted to reply.
    Pardon me if you wanted a quick reply, I hope mine is of some interest to you.

    I am in IT & also in the Property Development business. I make mistakes all the time (in both industries) but I am quite successful in both too. Most of my failures are not…[Read more]

  • Hi PeteJackie,

    I loved your question, it’s been a few hours so I wanted to reply.
    Pardon me if you wanted a quick reply, I hope mine is of some interest to you.

    I am in IT & also in the Property Development business. I make mistakes all the time (in both industries) but I am quite successful in both too. Most of my failures are not…[Read more]

  • Pimobpi replied to the topic Advice in the forum Help Needed! 4 years, 2 months ago

    Hi mate, you can message me anytime you like – no problems.

    I know what you mean about there being a bit of an information void with respect to the property industry – I think that this site does very well to help fill that void. Some replies may be lax in word count but those same replies usually make up for it in content accuracy. Some…[Read more]

  • Pimobpi replied to the topic Advice in the forum Help Needed! 4 years, 2 months ago

    Hi Bla,

    It’s great to read that you are putting your money & your mind to good use. I’m pretty sure that I was playing with my Sega Dreamcast video game console at your age.

    I tend to agree with you about Sunshine, it has done (and probably will continue to do) extremely well over the years.
    There has been a big shift in attitudes regarding…[Read more]

  • Pimobpi replied to the topic Advice in the forum Help Needed! 4 years, 2 months ago

    Hi bla,

    Well done for looking to increase your wealth by looking for property in an area with subdivision potential.
    I think that it is always a good idea to learn different ways of increasing knowledge. I wish I was thinking similar
    to you when I was only 23 years old. I made a point to read some of your older posts so I know that the place…[Read more]

  • Pimobpi replied to the topic Locking in equity? in the forum Finance 4 years, 3 months ago

    Hey Benny, thanks for assisting & for providing the useful link.

    I must be giving out incorrect vibes. The “available equity” LVR subject was clear to me from the beginning. That is not where I wanted further assistance but I appreciate your reply about that topic. I understand that many property owners have equity but only 80% to 90% of that…[Read more]

  • Hi D.Stonefield,

    Your question: “Am I better off to put a deposit down of more than 20% to make the place cash flow positive. Or is it not worth it?”

    I believe that anyone can artificially make any property “cash flow” positive by increasing the deposit outlay but that’s not what is really meant for an investment to stand alone as being cash…[Read more]

  • Pimobpi replied to the topic Locking in equity? in the forum Finance 4 years, 3 months ago

    Hi Corey,

    Liz does not indicate how she uses her Offset account. Perhaps she only uses it for investment purposes. If so, I don’t see issues.

    Are there issues if she used her Offset account for personal purposes? (Considering that the equity released funds are also located in that Offset account).

    If Offset is used for personal, wouldn’t…[Read more]

  • Pimobpi replied to the topic Locking in equity? in the forum Finance 4 years, 3 months ago

    Welcome to this site Elizabeth. You’ve asked a fantastic question & many of us can learn from it.

    Hi Corey, it is obvious that you have an in-depth knowledge – I’ve read many of your entries & am learning a lot from you.

    Could it be that you believe Elizabeth is referring to a PPOR loan……..instead of referring to her investment property…[Read more]

  • Load More

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