Richard, that situation is unfortunate and I feel sorry for the girl. It is good to hear she recovered. I just find most situations are the fault of the person declaring bankruptcy yet they try to blame anyone and everyone else – like the banks.

I think a bankrupt should step up and take responsibility for their own mistakes (in most cases) and…[Read more]

I don’t know if the policy would cover eviction but it is there to be used. Use it if it is viable.

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

Sorry if I hurt your feelings!

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

Don’t drink, smoke or take drugs!!! Stay in school!!!

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

Hey guys, this is getting to be a hassle posting about ‘living off equity’ in two threads. My responses are in the more appropriately named thread over at https://www.propertyinvesting.com/forum/topic/17535/4.html and I hope all responses stay over there. This is too much typing!

By the way Vicgirl, what is your point?

The Mortgage…[Read more]

Originally posted by wayneL:
And there usually is more activity required.

Didn’t you read what I wrote? – “There may be less activity than that required with CC’s”

Re-read my response. It was a response to your comment.

So to restate – ACTIVITY MAY BE LESS!!!! – understand?

Are you in ‘Wayne’s World’ or something? As I consider this comment…[Read more]

Originally posted by Michael Whyte:
PPOR:

1. Offset rent (5%)
2. Capital growth (5%)

He then says you can re-use this dollar by taking an LOC against your equity to leverage at 10% down in to Investment Properties.

Don’t forget the effect of inflation on capital growth.

Can you please explain how you “offset rent” and its effect to ge…[Read more]

Originally posted by Michael Whyte:
In this example, your asset base (which is neutral) has accumulated growth of $200K of which you spent $107K for the year. You’re still ahead by $93K net! This is about a 5% return on capital employed and exceeds inflation.

Firstly, not many people can accumulate a $2,000,000 net position in their lifetime so…[Read more]

Don’t you also need your employer to agree to it?

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

There is a ‘wrap’.

Now a ‘sandwich’.

What next???

A ‘kebab’???

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

So does that make you a tadpole?.

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

Originally posted by wayneL:
It’s not how big it is, it’s how you use it!

I agree with that but it is also what those with smaller ones often say! [baaa]

Huh? More funds? returns less? Do you have a clue what I’m talking about? This strategy is far less capital intensive than CC’s and as someone who trades these as my profession, i can assure…[Read more]

Originally posted by wayneL:
That is the point of option spreads, to REDUCE risk. CC’s carry more risk than what I’m talking about.

I disagree. More funds are required, there is no certainty of setting the ‘spread option’ and I consider returns to be less. Also, this requires more active trading and I don’t think they would be allowed under…[Read more]

As you have not told us the location of the property, I cannot provide you with a link to your State Real Estate Institute. All States are listed towards the bottom of the page at the link below:

http://www.mortgagepackaging.com.au/tma/index_files/essential_links.htm

I am certain they will be able to help you with accurate information and might…[Read more]

I hope you followed the link I provided. You don’t seem content with what you saw. I was very impressed with it.

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

The lost rent between the tenants moving out and the new tenants moving in is not recoverable.

I would sack your agent and send them an invoice for the unpaid rent if he did not take it out of the bond. The bond is to cover all money owed, repairs and cleaning when a tenant moves out. What a stupid agent!

The Mortgage…[Read more]

And that is the whole point. We are talking super funds here so you can not look at it from a return point of view as opposed to safer investments.

I don’t see the problem with covered calls if you get called out. You make your option premium and you make your margin. There is absolutely nothing wrong with that. I think of covered calls as a wrap…[Read more]

I am like Codral – Night and Day. I am a bit of an insomniac. I only sleep 4-5 hours in every 24-36 hours.

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

A 1km RP Data search around the property will provide this information or you can just check the single address through the Council or if you know a real estate agent with access to RP Data in the area you seek.

I also find asking a neighbour works well especially if they have an adjoining fence or wall as both have to pay for maintenance or…[Read more]

Is that not the idea behind super investments? Long term capital appreciation of assets in expectation of retirement???

I think actively trading your super funds in higher risk investments is a recipe for disaster. No-one is always right!

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website