I may be missing something here. How do you avoid CC when you are using equity in property A to purchase property B and you don't actually have a cash deposit?  Maybe I CC just the two properties, and then when property C comes along, I again CC property C and A.  At some point I could have the CC between A and B removed when I have enough e…[Read more]

Well, well done Lizzie.  It is nice to see someone your age doing all the right things.  You were obviously brought up with some good financial principlies.  If you want to blame someone, blame the government for making welfare so lucrative.  We do need a welfare system, as some people genuinely need help, despite their best efforts.  But the idea…[Read more]

But hbbehrendorff puts forward a strategy that is worth thinking about at some stage.  For us now, 100% equity in our PPOR, owing about $80K on an IP worth about $165K.  Looking to invest again.  We can jump in and debt up.  Or, we can sell a large portion of our herd of cattle (say $50K), to come close to paying out the other loan, possibly sin…[Read more]

Yes, my Dad has an executive recruitment business, I'll have to let him know that next time he is looking for someone, he should browse the eager souls upon Utube.  He might find NAB's or someones new property management team there.

This guy is a real expert – check out the list of his other videos.  Everything from Early Childhood, Diet, Health Care, Economics, even the TRUTH. He must be a real genius, huh?  Glad I never wasted any money on a how to get rich seminar – it's all there for free. 

Horses for courses, Adam. Depends upon what you want to achieve.  If you're planning on living in the property for a few years,  I'd proabably go for the big block, so long as it is in a position to have good capital growth.  Why?  because as your PPOR, there are exemptions from capital gains tax which will apply to your big block.  Not sure how t…[Read more]

Just tell him.  He'll probably try to talk you around, that's his job.  Sometimes brokers are good to have onside, even you think you may have found a better product.  A good broker can be like any other good professional – very very handy.  But of course, they're not all good, and some are a complete waste of time.  You'll get better advise than…[Read more]

Don't worry, I'm a w*nker too.  2008 Nissan STX dual cab utility with canopy, tinted windows, 4WD and chrome bullbar etc.  Looks much like the cars the FBI drive in the movies.   It is 500km to k-mart, and 350km to the nearest McDonalds, so we need a large and reliable car, so when we hit a roo, the roo comes off second best.  Depreciating at a fa…[Read more]

OK.  I love your posts.  So much of it I absolutely agree.  So often I get the impression that your ideal of the economy is the true free economy, with no government intervention.  Hence me calling your opinions right wing.  That's what I thought right wing meant.  I would have described my own feelings as moderately right wing.  Some of what you…[Read more]

There is some knowledgeable comment on this subject on the thread Golden Rules for Property Investment on the Help Needed forum.

hbbehrendorff wrote:
How does running out and spending money you don't have going to put you in better economic shape ?

I believe that this is something investors do all the time.  Pretty sure I borrowed money when I bought my last IP.  And, yep, that was cause I didn't have enought to buy it on my own.  Pretty sure also, that when we built ou…[Read more]

Well, I come from the country, where a large amount of our exports come from, mining, or primary production.  Degraded roads and railways,and insufficient ports cost our industries is terms of extra operating costs, and lost trading opportunity.  I see it actually happening.  In real life, in our own business, not just on the news.  This is the…[Read more]

I loved the "temporary deficit" line.  Had to agree though, it will be temporary, as temporary as our labour government is going to be (and then a little more – It'll take some fixing).Of course he's got it wrong.  He has to, he's labor, he's wrong by default.Perhaps I'm just bitter because, being self employed, I won't get my handouts until a…[Read more]

Is the amount of equity required for I/O any different from that for P/I?I'd like to ensure that we build equity at the fastest possible rate.  I always thought that meant paying off the loan.  How can you strucutre your I/O loan with offset account so that you make sure you still build equity as quickly?  Would you periodically transfer lump su…[Read more]

So you have to go to the expense of carrying out your due diligence before the auction, on only the possibility that you might buy.  I'm surprised that this is such a popular option, having learnt that.  I guess I won't be just turning up at auctions on the hope that the place might go cheap.Thanks for your contributionsS

Somehow, sitting in front of the laptop, looking at my 15" screen, is not a relaxing or enjoyable as sitting on the verandah, with a good coffee, flicking through the paper. Anyway, disaster is over.  The papers arrived today. I'm half way through the property section, and full of pancakes and coffee.  Ahhh Sunday.

You know, there is still alot of jobs in the bush.  Don't know what your skills are, but for anyone looking for work, who is active enough to be useful on a cattle station, it's a great option.  Rent out your current PPOR, go bush and take a job on a minimum wage with accomodation and food included.  You are several hours from the shops, so you ca…[Read more]

Well, thanks for sharing, Peter.  I didn't know about that.  Very handy.S

Well, Good luck, Tony. Of course I'll help if I can, but unless you are looking at an area I know a bit about, I'm not sure how useful I could be.  I live 'way out bush', but every little town is different.  Greater availability of tradespeople may lead to slower growth in remote towns than what they have experienced in the recent past.  My th…[Read more]

I've found in the past that it is very possible to handle such a matter without incurring any 'bad blood' if you do so in a professional mannner.  Try a personal phone call to the property manager themselves (not the office girl), and explain, in a pleasant manner, what you would like done.   Try to address the issue in a manner that does not ma…[Read more]