Thankyou Simon.

Dom[biggrin]

I use Tony Esler brendale.
ph 38812615

Dom [biggrin]

Just had valuation on my PPOR done and it has declined by $20,000 from 6 months ago.
That would be a good buy if yoy had prepared to wait for the downturn.

Dom[biggrin]

Hi,

Can anyone on this forum update this thread on the superanuation rules and unit trusts please?
Dom[biggrin]

Jo,

I did not even assume that you wanted to tell me what to do. I just enjoy a healthy debate.
I think Jan somers is a great investor and i have enjoyed reading her books. I actually started out with iP”s by reading her first book which i still have. I dont believe the boom is completly over and that’s i good reason for me not to buy at the…[Read more]

Jo,

Why so keen to buy now, i think everyone has a different opinion ,strategy and changing circumstances.

The true value of property is the cost of actually reconstructing a property.
Therefore you would not want to pay any more for an older property if you could buy new.

KP i think my aim is clearly to buy investment properties for early…[Read more]

I have waited this long for property to decline in price whats an other 6 or so months.Who knows i may have gained $50,000.

I am not waiting for the lowest price i am waiting for the true value of property.

Dom [biggrin]

I have always worn sandles Monopoly LOL.
I think i will just have to give you the cash and you can do the wheeling and dealing.

I wish it was that simple but sometimes you can pay to much for the same property. (Domain.com Commercial.)In this particular climate i believe this is the case until thing’s settle down.

I know the old saying that any…[Read more]

Simon,
Thankyou for the link.
It was for commercial and a 5 year fixed period i am interested in.

How do banks borrow if the commercial property is GST exclusive?. Do they lend the 10 % for a period of time until it is paid back at an interest rate?
Thanks
Dom[biggrin]

Simon,

In the case of using your equity in your property how would morgage insurance work if you needed to include it at what %. And could you please tell me the curent fixed interest> (Lowest)

And i was told that the term of the commercial loan may only be for ten yeare, therefore higher repayments on property.

Dom[biggrin]

I think i will go see The bourne supremecy.
Dom[biggrin]

Totally agree most agents have to be decietfull to earn their living.
I had one try to sell me al lemon $15000 over bank valuation.
That put me off their whole agency. They have lost my buisness permenatly.If my deficiencie were to hide looseing $15,000 in a deal go ahead and mock me.
Dom[biggrin]

Jay,

Good luck with your investing, your on the right track . IF you go to search function you will be able to find most answers you are looking for and may i suggest you click on the members section and mayby check your avatar(Picture) as someone may already have it.
Dom[biggrin]

My question is why do you want that property so much?
I dont want any of my properties they are to much trouble i just want the Financial Freedom that most peoplle want.
I dont use my emotions i use my goal to get me where i need to be.(Discreetly of course)
Dom

[biggrin]

Hi,

I would never pay my home loan of, why i read in a book Trust Magic by DaleGathrum-Goss that most people live in thier house for approx 5 to 7 years and then upgrade.
And goes on to say how banks profit from this.This is my personal opinion.

For this reason when i purchased my PPOR i always had this in mind so i could convert it into a…[Read more]

oops

“Smells like Fish tastes like chicken”

Brisbane,sydney,melbourne,perth,and mount isa.(sorry everyone else)
Dom[biggrin]

Hi Greg,
Small world my wife was a school teacer at kiora.
Are all your ip’s in one area and with 16 of them how do you find time to build?

Good luck and hope someone answeres questions soon cause im getting older not richer.
Dom[biggrin]

GregF,

Hi,

I have aquestion on the comment you made,

“Now you register as an owner builder and do your own sub-contracting or get a builder to build a new brick house or a couple of duplex units on it which you might use as long-term rentals, and your property portfolio is off and running with a real head start.”

My question is what is the…[Read more]