I think your experience could be of help to others, would you mind elaborating on how you went about buying the properties and why you think you have “boobooed”.

I am sure others could shed some light to assist your situation also.

Cheers
Leigh K[]

Read, learn, grow but most of all do it.

WOW, I thought I was going to need a toilet break reading that.

It amazes me that we get so caught up in, it can and can’t be done. Well they did do it, so it can. Maybe the property cycle helped them achieve their goals but the thing with cycles is that they keep on going around.

Don’t have a defeatest attitude, believe it is always possible,…[Read more]

BigTone

Be sure to seek the best professional advice as possible but also beleive inwhat you have learnt. If you feel your professional advice is based on a lack of their information seek advice from some one who really knows.

I have a hybrid trust structure and recently purchased a house with the NAB at 6.05% fixed for 5 years, regular home…[Read more]

Hi Micka

I don’t use an agent because their commission and fees are my profit irrespective if the property is +CF.

The reason I chose property as my investing vehicle is so I have control over my investment. Don’t hand your control over to someone else when you CAN do it yourself.

Those fees and commission might just be your next…[Read more]

TiraJayne

Even if none of this advice helps you right now, NEVER stop dreaming.

One step at a time will get you there.

Cheers
Leigh K

Read, learn, grow but most of all do it.

Mala

I think John gave a great reply, contact your tenant personally and apologise for the inconvenience they have had and include a gift as well as the rent like movie tickets or a toilet brush in case it happens again![]

Cheers
Leigh K[]

Read, learn, grow but most of all do it.

Gaza

All most sounds to good to be true.

Whilst I have never heard of them I would suggest don’t blindly read their brochures and other material, because the likely hood is that the catches are advertised but most people never pay enough attention to see it.

Just remember they are not the only deal out there so passing them up isn’t the worst…[Read more]

Hi Willi

I think there was a thread like this a while back and people said they wanted to be in a game night and nothing came of it. So maybe someone with the game can get involved in organising it. I’d ove to play, Im in Vic.

Cheers
Leigh K

Read, learn, grow but most of all do it.

Tassie Devil

That was a FANTASTIC reply, kimkath61 you asked for advice, short of seeking proper financial advice, listen to Tas. The only thing I would add is work out what your goals are, why are you investing and always make sure your investments get you closer to your goal.

pamurph

MONEY MONEY MONEY[][][]MUST BE FUNNY IN A RICH WOMANS…[Read more]

Well done on 100 Westan …

… But the next star is at 125.[xx(]

Keep up the good work.

Cheers
Leigh K

Read, learn, grow but most of all do it.

Hi wannabe

Welcome to the forum. You haev found the right path for the future of your investments. Knowledge is teh key to minimising risk and error, and you will find great knowledge here.

My thoughts on your situation, work out what your goals, what are you trying to acheive by investing. Then you can determine if the property that you haev is…[Read more]

Hi Gordon

We have recently had our PPOR valued and then set up a LOC attached to our PPOR which we use as deposits for new purchases. So when we find a property we want we go to the bank with the deal and borrow 80% and finance the 20% deposit and purchase costs from the LOC which is also the banks money. But they don’t seem to have a problem…[Read more]

Hi All

Well these posts are fantasitic to read and some very funny … some inspirational.

I just looked up the useful links thread and it has 111 posts, so we are close to making this the longest thread on the forum.

If you haven’t told us about yourself – come on wot ya waitin for!

If you are out there just lerking about … come out come…[Read more]

Cremin

My tip is when you do an inspection ask very specific questions about what is and isn’t included … Do I get that? etc, as you can get to a day before settlement and find that those little touchs that made the house so nice are on the back of a truck.

Good luck with the research i look forward to hearing about your…[Read more]

Stu

Well done Stu, I look forward to reading it.

Cheers
Leigh K[]

Read, learn, grow but most of all just do it.

soleil

That is really shitty, especialy when you aren’t actually at fault. I agree with paulthemagnet, it’s beat to know in advance when something goes on your craa, especially when it can be crappy late utilities or total mistakes.

Someone posted this link on the forum a while back and I saved it you might want to register your problem there,…[Read more]

hwd007

I don’t know about your borrowing ability but to transfer your PPOR into your trust is a sale and requires stamp duty to be paid.

So you don’t own (exactly) and therefore your mortgage wouldn’t exactly exist anymore. The loan still needs to be acquired by the trust so it depends on what type of trust you have as to whether the loan is in…[Read more]

Hi sushi03

You might be thinking of this

quote:My former partner owned our house and now I want to buy a home myself. Am I eligible? Back to top
Yes, provided the Commissioner of State Revenue is satisfied that you and your former partner are not living together and do not intend to resume living together and you meet all the other…

[Read more]

Min[]

Well I guess we don’t want you as the guest speaker anymore!!![][] (how cheeky)

I wasn’t surprised to hear you say that you learnt something about greed and reality, however like all of us at some time finding the fine line between the two is something we have to do.

I know you will come up with something really creative (thats what you…[Read more]

neologism

I would think that the ATO site would be a good place to start, I beleive they have an online game that allows you to buy and sell shares using ficticious (spell check) money.

Otherwise broker sites like JB Were & Assoc.

Good luck
Leigh K[]
PS: I have never been to good at picking horses or shares so don’t count on my advice there to…[Read more]