I really enjoyed reading what you wrote in another reply, “the best investment you could make is in education”.

That sounds perfect to me – nice work.

I also think real estate is a good balance of risk/reward (I own a modest portfolio).

Missing out on huge gains can sting & missing out on gains is not something that I fee…[Read more]

As far as I understand, it’s a very binary thing.  I think it will either completely fail or it will engulf most of the world value.  It was not designed to stop half way. The Game theory of it so far has meant that cry…[Read more]

Everyone that purchased (and held) Bitcoin at any time since its 12 year inception is now in profit (on virtual paper).

The above statement is only false for people who purchased their first Bitcoin yesterday & was…[Read more]

Your question is answered below but I want to initially state how Real Estate & Crypto are relevant to each other.   Giving respect to the site theme. They are connected in many unusual ways.  I would like to share how their attributes collide & what could come of it.   Property ownership is targeted for disruption (if some cryp…[Read more]

Your question is answered below but I want to initially state how Real Estate & Crypto are relevant to each other.   Giving respect to the site theme. They are connected in many unusual ways.  I would like to share how their attributes collide & what could come of it.   Property ownership is targeted for disruption (if some cryp…[Read more]

Your question is answered below but I want to initially state how Real Estate & Crypto are relevant to each other.   Giving respect to the site theme. They are connected in many unusual ways.  I would like to share how their attributes collide & what could come of it.   Property ownership is targeted for disruption (if some cryp…[Read more]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

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]

I know that you are only asking for our ideas on best property types to start with etc. I want you to look at answering some different types of questions because our responses are what’s right for us and maybe not what’s right for you….although I like the first response that you…[Read more]

I’m in favor of being honest & transparent but an idea would be to call the council (or go there) & ask them for information on the very street / nearby street that you live in. Perhaps give them an example of a similar sized block.

If they ask, say…[Read more]

It’s always a pleasure reading your posts – lots of respect for your experience & for your opinions.
You are a very wise person.

Well done for going through it all – that’s not an easy task during this fast-pace life.

Keep well.

Great work discovering 2 properties that interest you.
Please excuse this very lengthy entry – I’ve always struggled to explain myself concisely. I guess that readers can choose to skip this reply – it’s only text.

Understandably (as this is your 1st IP) you are looking at acquiring just one property. It seems that you see independent…[Read more]

Sorry to put it so crudely but that’s the impression that I get from your…[Read more]

Thanks for the 1st part (of what I hope to be many more).
If property is to be purchased, should an entity nominate the name of the trust or the name of the company (or both names) on the contracts?

I’ve never purchased within a company/trust partnership before but I think that I’ve seen just the Trust names on contracts.
Have you…[Read more]

You want to buy land/land with an old house and then build 3 villa units (2Bed 1bath 1Garage) and then sell them.

I would like to give you some food for thought whilst you find the financial answers that you are looking for.

What if that particular combination is not what best suits the area or does not give you the best return?
Will you…[Read more]

1) you build a residential property

2) if you claim GST credits throughout construction

3) if you sell, you build your gst into the price and remit back to the govt

4) if you keep…[Read more]

What happens with GST if a newly created property is rented (because it cannot sell)?

I wont make comments regarding your decision to purchase property in Gladstone as I’m sure that you are not alone in making that move.

What I can reply to is your question regarding where to put in any extra money that you earn.

Generally the priorities of…[Read more]

I am quoting your above comment as I believe that the GST situation is a little more complex than simply holding a development property for 5-6 years and then not paying the GST back but then paying CGT with income tax. (BTW, I am really hoping that I am wrong) & I want the GST experts on this forum to prove it. GST is…[Read more]

My reply……Why is t…[Read more]

You’ll find that you will be able to answer your own question as to whether your single income will be enough to commence. You’ll also find that…[Read more]

I don’t think that Josh believes that NAB will do a Residential Loan for 4 units – He may have thought that Westpac setup Residential loans for 3 units – My reply was to point out that NAB will go Residential lending for 3 units or less whereas the other major 4 banks cap their Residential lending to 2 or less dwellings per…[Read more]

Welcome, I am sure you’ll gain heaps of knowledge here – although, you’ll have to educate yourself further & educate yourself from many other sources if you want to carry out a successful development project.

You do not necessarily have to go with Commercial lending for a 3 lot subdivision. I know that NAB offer Residential loans for 3…[Read more]

I am guessing that Westpac would treat each customer differently, my findings were that Westpac will make a Commercial loan compulsory for 3 or more units (ie: Only 1 or 2 units are in the Westpac Residential space).

I may have misunderstood you but it sounds like you were under the impression that Westpac will be OK with a…[Read more]

OK, so trips to Disney-Land are not deductible, I’ll book Hawaii instead. :P

Thanks for adding extra input – clever.
The 50K will help fund a small portion of my intended development project.

I was not originally looking to extract equity – I was chasing a lender that offered residential loans for development projects greater than…[Read more]

Take care.

Funds taken from the LOC & used for investing would incur interest & usually at a slightly higher rate.

I understand that mixing money that’s coming in and the money coming out of the LOC is very unwise: such as depositing my income in the LOC and then using some of that money to buy groceries etc.

Is it…[Read more]

I suspected that something didn’t ‘feel’ perfect about the scenario.
I would use that extra equity to help fund a construction loan (on the same block) so I have to get it right from the start.

Cheers & wishing even more wealth to you.

I know that there has been a lot of information regarding offset accounts & LOC. I can’t find the answer & would like to know if anyone can?

I was told today that I could refinance my investment Land loan from BankA to BankB and that 80% of the new released equity will be directly deposited into an offset account of that new Land loan.

I…[Read more]

Congratulations on expecting your 2nd child.

Sorry about the delay in answering. I’m going through forum messages & looking for ones that have not had a reply (like yours).
I think that I can add some value to your entry.

I cannot give you advice regarding whether an online bank account would be the BEST option for you to temporarily park…[Read more]