Hi KARAN (NAMASTE)

Would love to recieve your spreadsheet to evaluate, thanks []

Please e-mail to barrytspencer “at” yahoo.com.au

Thanks also for the loan repayment figures, don’t know whats wrong with the computer re; calculator graphs such as westpac, realestate.com… i’ll have to search out better calculators or one’s without a…[Read more]

Luckyone,

agree with Still-in-school,

you’d have to be ‘lucky’ to get that loan, as you say in your post “some people were able to obtain 105% home loans to cover all the costs of buying a new HOME”

With the pest control and building inspections, you’d be charged a flat fee for the lot and here is where you negotiate !! ensure you use quality…[Read more]

A bit late for me
as i am just getting home !
[xx(]

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

Str23

At work !!

In and out of the office throughout the night, log on at various times and catch up with the forum- it’s a great place to learn, with some of the people here passing on a ‘wealth’ of knowledge, essentially electronic brainstorming!

I’ve been investing on and off since about 1991, regretting selling the IP’s i’ve had throughout…[Read more]

Still In School

was reading “an interesting finding from macquarie bank is that more and more under 30’s are using Margin Lending to build investment portfolios before moving into areas like property”

Leveraging and getting into both markets !! []

On a side note

How does

saving just $3 a day and investing it sensibly over a working…[Read more]

Showmethemoney

“i hear what you say” about prompting accountants, over the years i’ve said to several accountants ” look so and so who i work with claims this and this or is doing such and such, can i also claim or do that”? to be told “yes”, it’s not their fault though as i suppose they are inundated with changes to tax etc all the time, so as…[Read more]

You say you will rent both properties out once completed, it’s my beleif that tax considerations would only come in when you sell either properties.

Presumably as these properties are both now rented out you will have somwhere else as your PPOR ?

Am i wrong in this ??

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30…[Read more]

Anita Bell has made a fortune in her books promoting just this.. you know the “how to pay your loan off in 5 years – by someone who did it in three” author

The early years of your mortgage payments can make the biggest difference, i.e on a loan of $120 000 at 7% over 25yrs, if you made just a one-off extra payment of $1000 in the first year, you…[Read more]

Anita Bell has made a fortune in her books promoting just this.. you know the “how to pay your loan off in 5 years – by someone who did it in three” author

The early years of your mortgage payments can make the biggest difference, i.e on a loan of $120 000 at 7% over 25yrs, if you made just a one-off extra payment of $1000 in the first year, you…[Read more]

AND YOU WERE WONDERING JUST WHAT TO DO WITH YOUR TIME OFF OVER CHRISTMAS HUH

REDWING [}]

off to clean my shed !!

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

Luckyone..

I believe the $12 per $1 000.oo on the loan is each month, it is not ‘extra’ it is the payment.

My line of thinking was with a tenant paying rent and you the owner adding to that payment you could rapidly reduce the amount of ‘total’ interest over the term of the loan, thereby building equity, possibly turning a – geared property to +…[Read more]

Mini

THANKS for not only posting these properties for others to consider, but, also for your helpfull advice given and the obvious effort you’ve gone to answering some of the Questions posted herein!

All the best []

REDWING

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

Muppett

Because Fannie Mae and well Fannie Maenot, when i was in the states they called the “bumbag’ i was wearing a’fannie bag’ confused me initialy, made me feel all feminine ‘what.. i’m wearing a what’ Met a Texan who embodied what i percieved a Texan to be.. loud and spoke with a drawl. The only place he knew in Australia was MELBORN. enjoyed…[Read more]

Reminds me of the story about lotto winners and how when they revisited them years later most were broke again.
or
The story about a NBA star in the USA who many years later was washing cars at a drive thru car wash, blaming his manager and friends for squandering his money.

SO as Sooshie and Melanie said you need to go and see someone well…[Read more]

Looking at a link posted for chrisbatten.com.au he recommends ‘not’ putting your PPOR into a trust and recommends discetionary trust for IPs, however, i’m thinking with the benefits of the trust it may still be a good idea especially if you ‘trade up’ and convert your PPOR into an IP in a year or two, next PPOR same..

Also with your PPOR as an…[Read more]

Melbear – music cd’s. chocolate bars etc [?]
Sounds like a Christmas shopping list!
Guess, it’s expensive, it’s effective..thats why the rich use it!

The idea of your PPOR being able to be an IP appeals to me, another idea is the old one of rent or buy therefore PPOR becomes 3rd IP.

Wish i knew about trusts earlier, would be easier, still it’s…[Read more]

Either “no-one” is doing well or this post is in the wrong area ??

DUNNO ??[xx(]

“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

Cant remember…. what do kiwi’s call ‘thongs’ and i mean the ones on your feet???????

REDWING

Mortgage Hunter

“it is’ a nice place, large Dam nearby, not too far to the coast, i liked it, but like i say, a lot of very old properties (No depreciation?) “lots” of these properties for sale also, can’t believe there are that many tenants in the town and forsee a drop in rental $’s as the local real estate agent said a lot of outside and…[Read more]