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trying replied to the topic Banks 80% rule. in the forum The Treasure Chest

Thu, 26 Jun 2003 14:40:30 +0000

thanks scott,terry []
Yes that sounds good ,
i was looking at more expensive ips ,thats why i was having trouble servicing them {my thought }
but ,i think cheaper ones are more realistic ,thanks for bringing me back down to earth guys [] i have,nt hit the big time {yet}[][]

trying replied to the topic Banks 80% rule. in the forum The Treasure Chest

Thu, 26 Jun 2003 08:40:27 +0000

if i get a cash bond i would receive 4% back ,is that right
if i get a loc i would have to pay 6%
i thought, with the cash bond if you use the money for investment the tax will allow you the differants in int,that you pay for your loc, so you get 4% but you pay loc 6% so you can claim the 2% diff
[?]i dont know im getting very confused my self to…[Read more]

trying replied to the topic Banks 80% rule. in the forum The Treasure Chest

Wed, 25 Jun 2003 15:39:25 +0000

thanks for that []i worked out this
say to be on the safe side i have 500k in equity to spend
get a loc 500k and use 250k for the cash bond
get 5*200k ips
put 20% down borrow 160k on each ip
20%=40k+ 10k closing cost= 50k
5*50k now i have used up my loc of 250k+ 250k for the cash bond .

to pay i/o loc say 6% =30kpa
20k left to help service loan…[Read more]

trying replied to the topic Banks 80% rule. in the forum The Treasure Chest

Wed, 25 Jun 2003 10:27:43 +0000

hi guys thanks for the yes i did it right []
sounds like i can still go further
but my problem is servising the loan ,in my eyes i want to use this equity to upgrade my ppor from 600k to 1m or so but ,i dont want to sell my old ppor so payments would come alot ,so i was thinking of cash bonds ,but maybe some one has got other ideas ,any way if i…[Read more]

trying replied to the topic Banks 80% rule. in the forum No Subject

Tue, 24 Jun 2003 16:15:26 +0000

hi guys,this is my numbers
can you tell me if thats right

house values1,400,000
_80%=280,000
1,400,000-280,000=1,120,000
loans out on all ips
514,000
1,120,000-514,000=606,000
so 606,000 i can borrow
but have no more money to service the loans if i borrow .
what do you think,, should i get a cash bond and keep going ?
or am i dreaming []

trying replied to the topic Banks 80% rule. in the forum No Subject

Mon, 23 Jun 2003 16:22:49 +0000

hi all
i thought the banks dont take 100% rent into account ,so are you saying if the rent can cover loan amount ,land rates, insurance ,and you put in ,say $1 they will give you the loan ?

trying replied to the topic "Which bank?" in the forum The Treasure Chest

Mon, 19 May 2003 14:09:05 +0000

wow 21 ips ,how long have you been in the game ?

trying replied to the topic Loan Structures in the forum The Treasure Chest

Mon, 19 May 2003 14:04:58 +0000

is the cgt the same in a trust within a company ?

trying replied to the topic cgt in the forum No Subject

Wed, 14 May 2003 16:23:49 +0000

i was told to open the trust i was so to speak giving a new threshold in land tax ,as i have already 4 ips in my and partners name ,so to create a new $260,000 i could put more ips into
until that reaches its limits ,[?]is that right

trying replied to the topic cgt in the forum The Treasure Chest

Wed, 14 May 2003 04:32:20 +0000

thanks for your reply so if i wanted the trust to borrow money to invest than we would have to give a guarantee .and also what if the company has made no money ,does that matter ,you could just use the eqity in the assets already there ??????

trying replied to the topic Book Intro... What Do You Think? in the forum No Subject

Sat, 05 Apr 2003 11:14:12 +0000

yes i think it will be a great book []i will certinaly read it []

trying replied to the topic cheap building in the forum The Treasure Chest

Thu, 06 Mar 2003 16:13:26 +0000

i have heard on the posts that you can buy below market value, is what i am about to do ,is the answer to below market value ? or is this not so

trying replied to the topic cheap building in the forum The Treasure Chest

Thu, 06 Mar 2003 16:10:02 +0000

thanks for your comments ,,i bought a peice of land, may ,will be a year ,it was cheap at the time and i purchesed it just off the flyer ,so i thought what the heck only 49,000 at that time i was purchesing a ip in the same area so i got one loan for both ,but when i had a good think about it i was not to sure if i had done the right thing…[Read more]

trying replied to the topic a question in the forum The Treasure Chest

Tue, 04 Mar 2003 16:21:17 +0000

thanxs for that info[]

trying replied to the topic What qualities make up a good tenant? in the forum The Treasure Chest

Mon, 03 Mar 2003 02:25:02 +0000

thanks for your ideas that sounds like the way to go []

trying replied to the topic What qualities make up a good tenant? in the forum The Treasure Chest

Sun, 02 Mar 2003 16:02:44 +0000

[]hi all just thought i wouold tell you about my tenants .i bought my first 2 ips almost 2 years ago now ,i had a tenant,and is still my tenant and they are great never fail to pay on time ,keeps the house nice ,and she even up the rent by $5.00 HER SELF so hows that for a good tenant []actually wedid her a favor and looked around for a second…[Read more]

trying replied to the topic i want to know more in the forum No Subject

Fri, 24 Jan 2003 06:26:33 +0000

thanks brent and steve for your in put ,,firstly i want to let you know that i dont do any thing before i speak to my accountant and broker because i know very little about it all ,as for equity and cash flow i know what you mean ,i think im just very bad at wording things i dont mean to say i will have actual cash in hand i dont want cash for…[Read more]

trying replied to the topic your opinion in the forum The Treasure Chest

Sat, 18 Jan 2003 05:47:44 +0000

thanks birdman for your answer ,at the moment i have just registered as a trust so its still being done ,,,is there a differance from company or trust are they one in the same .