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That was so funny!

Leigh K[]

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

Steve

I did put in an offer subject to satisfactory s32 amoungst others on your template and the agent was happy do submit it, just negotiating the dollars game now.

BTW, no I am not waiting on any info from you, all is going well, I spoke with the tenant last night actually and they have been doing their homework seeing a solicitor etc. and…[Read more]

BR

Welcome to the game, my advice is that you have found an excellent source of information in this forum and the best way to get that most advice is to use the search function located at the top of the page.

Good luck
Leigh K[]

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

Wow Del

I take it he has helped you with that situation[].

That really is a glowing report, I have always been impressed with Stuarts advice on this forum and will be calling him when! our bank slips up.

Cheers
Leigh K[]

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

Hi Folks

Interesting update, I was speaking to another agent today same story different property and he explained that they (the agents in the country) are educating the vendors and vendors solicitors about getting the s32 ready sooner. The reason that it is usually unavailable is because traditionally property in the country areas would take so…[Read more]

Hi Del

Just waiting to hear from the tenant about the wrap. We are renovating the bathroom at home this weekend otherwise we’d come for a visit, so it will probably be at the seminar now.

Hi Flic

Thanks for your comments that was my thought also, I was very surprised when the agent told me the s32 wasn’t availabe still but it had been sold. I…[Read more]

Ishita

Thanks that was a good post.[]

quote:Ex spouse of a child

Caution – protection is not “grandfathered” (have no idea what that means, even after asking for clarification – so if anyone wants to help out on this, that would be good)

I am going to have a stab at this one; I think (but do not know for fact, that this means while the tru…[Read more]

Jars11

I think what you are doing with this thread is a good idea, however both of those formula are for ppl to quickly gauge if a property is going to meet their basic return requirement. So those listed are probably it.

My suggestion is that we maybe put up other calcs simple and hard to help everyone understand other aspects, such as stamp…[Read more]

Hi Steve

That sounds a little melancholy, it sounds like you need an injection of the 1% variety, I think you give so much that sometimes you don’t receive enough. I hope you and Dave know and appreciate the gratitude I have for you both.

I would like to add a little more to David C comments. I think people think they are the 1%, and…[Read more]

Good advice Del.

I have heard, haven’t had experience here but, heard that if you pay for your own flight and go to see agents on your own terms you will cut out the marketing men, I am sure there a plenty of developments up there that any agent would have listed.

DON”T GO!, Keep reading here and do it yourself when you are better…[Read more]

Hi Caz

IF you can keep it don’t sell, it is making you money which I am sure you don’t want to stop receiving.

I would suggest drawing on some of the equity to pay for some “repairs” and then pay out some debt to free up some of your cash as well.

Stu,
If she isn’t working that surely wouldn’t stop then letting her have some equity, as her…[Read more]

Investa

What sort of rents can be acheived at that price range?

Cheers
Leigh K[]

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

You are a smart tac Stu.[^]

Cheers
leigh K[]

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

Caeryla

If you do a search of this site at the top of this page you will find this topic is raised alot and many many books are recommended you will be able to print out a long list and go to the library to check them out.

Cheers
Leigh K[]

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

brisbanescouting,

You can’t get the first home owners grant to buy an investment property, sorry.

quote:probably negative geared because I am on a high tax bracket so it will help me out there.

The more tax you pay means your earn MORE money not pay out 1 dollare to get back 48 cents.

Cheers
Leigh K[]

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

Xenia & Fullout

There is generally nothing wrong with nothing down deals using your equity but Fullout doesnt have any equity in this property yet so the bank wont use it to fund another property

Cheers
Leigh K[]

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

Hi Fullout

Generally banks work out equity like this

80%xProperty value (16000) = 12800
Less mortgage value (12800) = 0

Unless you can prove the property has significantly increased in value you haven’t got spare equity yet.

Good luck

Cheers
Leigh K

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

John

Sorry if this sounds a bit sarcastic but it is late and I am tired[]

Why can’t you work and do your investing as well, I just don’t see why you would cut off your income stream and run up debt on non deductable living expenses. Also Terry what are you saying, no bank will lend him money without a job even with pre approval. I know you know…[Read more]

Good on ya Del[][]

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

Sorry Brad

I think I missed the big question here, so I will just give you my two cents.

If owning your own home is something you want to do, then go for the FHOG why give away $7000 when it’s available to you.

Also, as far as IP’s go, I would use the 13k as a 10-20% deposit on something cheaper, the bank will be happier lending you money in…[Read more]