I hardly think 800/200 is a fair split for someone on centrelink benefits who does not get their name on title and especially being your mother!!!

Paying rent to parents is a long way from parents paying kids. Not many parents charge their kids any rent and, when they do, it is usually ‘board’ and they get a lot more for their money than if they…[Read more]

Originally posted by Marisa:
Also, there was an excellent article in API on Mandurah about 2 months ago this should answer some of your questions. [biggrin]

I don’t read API. I don’t see the value in reading old news. Please enlighten me.

PS: I hear there are great individual stories in it though.

The Mortgage…[Read more]

That is exactly right cathy. It is also good to get in before everyone else has caused the prices to skyrocket due to crazy buying!!!

The Mortgage Adviser
http://www.themortgageadviser.com.au

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And I will call to confirm!

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Hey Stu, it was good to hear about the additional ANZ discounts. It will be even better when they aggregate all loans!

They are almost there!!! ))

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Originally posted by Marisa:
I disagree with your comments.

No problem with that!

In my opinion Mandurah still represents good value compared to other coastal RE.

One question….

If you could buy a can of coke yesterday for $1 and today it was $2, would you consider that good value?

Mining …. Agriculture …. unique industry built around…[Read more]

I think that renting rooms out individually also requires a permit – it does in NSW – or you may be considered to be illegally operating a boarding house or hostel or something else…

If you think the electricity and water bills are high, wait until you get the compliance costs of operating a boarding house.

Just rent it normally and don’t…[Read more]

I have refrained from posting until now as I am amazed that anyone would charge their mother rent!!!!!!!!!

Maybe she should bill you for having to give birth to you, the changes to her body, feeding you, educating you, looking after you for years, etc…

Why don’t you buy it with her so she owns something as well?

The Mortgage…[Read more]

No problem,

Good luck with your decision. It is definately a hard industry to operate in.

Have fun.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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PS: They seem to be spending a lot of time and money marketing in WA lately. Everyone is making money there at the moment. They are certainly not doing anything special!!!

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Originally posted by scissors:
1. Buy a property.
2. Rent it out (usually ends up being negatively geared)
3. Wait till it goes up in price.
4. Use the equity as a deposit on the next one and the next one.
5. When you have about 1.25 mil in equity, set up a line of credit against the capital growth (average 9%PA)
6. Spend only half of the capital…[Read more]

Hi Leo,

Get your friend to forward this on to them…

I am certainly not broke (nor am I rich) and have caught a bus 10 times in the last ten years (for 2 weeks after back surgery in 2003 when I was not allowed to drive). I own four cars (nothing flash) and a great little 250 CC motorbike!

Mortgage Broking is more of a hobby to me than anything…[Read more]

And to what do we owe the new interest in Geraldton from you west????

Or is this an attempt at a dig?

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Marisa, what is common in areas where property prices increase substantially over a number of years???

1. The prices become over-inflated.
2. The locals make a fortune and go buy somewhere else.
3. An over-supply of property occurs with over-development for inadequate real population growth and minimal new job creation.
4. Development starts to…[Read more]

I don’t think many people are going to tell you their money making ideas or you may start it before them. Just like you have simply stated a retail franchise mine is to start a new profitable business.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Same thing happened to me. Unfortunately, I was informed I had to pay the duty again. The Trust must be registered prior to signing contract of sale.

You need accountant or solicitor advice.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Actually, your income only includes half the rental income on two properties although lenders will look at all the rental income for serviceability. For this little favour, they will also look at all the debt on all properties even though half the debt on two of the properties belong to you.

This is the big problem with buying with others. Their…[Read more]

It is definately a good situation to find yourself in.

Ensure the loan is interest only, focus on saving the FHOG money to return to the Office of State Revenue and live rent free. You have a great IP now. You could also do the kitchen and bathroom and depreciate them. So many options.

By the way, you will also be eligible for the FHOG again at…[Read more]

You missed the bit that was edited and my ensuing response which was appropiately deleted. I did not read it as a ‘friendly’ dig at all.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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I guess you believe everything you read.

I would ask if they are ‘NET’ millionaires or just control a million dollars worth of over-priced, negatively geared property as offered by The Investors Club.

More importantly, I would ask for the individuals names or the writers of the article to verify the facts. Sounds like a well structured…[Read more]