*That sweet little girl with the baby that you rented to, will start dating the mad motorcycle man from hell, … and several of his friends, … the very next week.
*Tenants have at least one relative get sick or die per month, so … they will just have to pay you later.
*If a tenant attempts to replace the washer in a…[Read more]
Hope you take Mel up on her offer, she’s a wealth of knowledge..
I no nothing about HK apart from what i’ve read in the paper and corrosponding with others, i admire Mel for the fact that even though she’s suffered the financial losses also ,she’s taken the ‘greater-good’ learned out of the courses etc.. and applied them.
It’s my belief that – gearing will not help you, as the child support is based on ‘gross earnings’, however , remember, + gearing, in your partners name will *increase* his gross income..[V]
I also ‘don’t’ believe that your income can be counted towards his financial commitments to Child support.
makes it hard, when you have a child…[Read more]
I’d alway’s liked the axiom “don’t wait to buy real estate, buy real estate and wait”
Yack, i look at real estate doubling in 10-12 yrs, bought my first IP in 1990 and regret selling it 8 yrs later, knowing what i know now i could’ve and should’ve kept it, and the next…
I’m always looking at different properties, my – geared properties now achieving nuetral to positive gearing.
If i purchase rural propertiy achieving + cash flow i’ll only do so with a potential of some CG in the future, and have put some time into looking at areas of consistent ( albiet in some areas,slow) population growth over the last…[Read more]
sooner or later if you want to progress with IP’s you have to seriously look at + cash flow properties, granted you will mainly look at those with some ability for CG ( just makes the search harder, and, more fun )
or, wait for some CG in your current properties []
REDWING
“Money is a currency, like electricity and it…[Read more]
Thanks for some of your in-depth responses to some of these posts, it’s allways interesting to look at the ‘numbers’ of a deal..[^]
Beerboy, do your ‘research on the property and the area, with deals such as this you want to make sure, befdore you jump in, as any unexpected costs ( tenants leave, and low tenant base in the town “or”…[Read more]
Hmmmmmmmmmmmmmmmmm……… I was under the impresion ( maybe mistaken ? ) that a de-facto relationship was classified as 6 months + of dwelling together in a relationship scenario.
Also if it came to the division of assets it was worked out on a pro-rata type basis of what was put into the deal ( here it gets tricky, as the non-working partner…[Read more]
Speak with one of the mortgage brokers on this forum regarding your options and your ability to incorporate, plus costings involved etc…
You could always sell, but that’s only 1 option, you could also turn your PPOR into an IP and rents something nice and a bit more manageable yourself, and still use your equity to finance…[Read more]