There have been quite a few posts on Margaret Lomas , including a recent one on her company/buisness 'Destiny Financial Solutions'. Do a search and you will find some more info – a lot of varied opinions of course as you get, but certainly advocates property (moreso CF+) as a way to successfully having 'growth assets & building wealth. Her books…[Read more]

Isn't he married to Demi Moore?  Sorry – that was unhelpful, but I could'nt resist!I'm sure someone will let you know shortly though.Cheers.

HI. Yes, I believe none at all. If you have an abn and can show you are running the whole portfolio as a business it may be different. Even on that though the ATO website has incidents of cases where people have 'tried and lost'.  You can probably appreciate / understand, that if you were claiming gst on expenses, you would also be paying it on…[Read more]

Hi Mark.  At the moment, unless you have any complexities with your requirements, such as needing lo-doc, or have no deposit, short unemployment etc, you will find a broker will likely steer you to one of the major banks at this time anyway…..the one you are with may even be that one!  So, if you do have a good working relationship with your c…[Read more]

We generally allow pets in our propertys – as we too have a dog and have had issues renting in the past. We specify that we dont want them inside (dogs) , and that no Jack russels and yap yap dogs purely as a courtesy for the neighbors – but other than that I think you are more likely to get an 'average/normal' type tennant, either as a family or…[Read more]

Hi Dean. Find a nice person like me, and let me stay over there with my family rent free for a month or two, and then I will be in a much better position to give you my opinion…….Not quite the response you were after I guess  eh? All the best with whatever you decide. Cheers 

Nope. Prices are not really much less in Taswegia now than the 'mainland'. Growth is 'steady' – what else do you need I reckon. I think you will find some of the problem is not much sales data has really been available for Tassie, making it hard to know what really is going on over there.  .A lot of the guys like rp data (could have changed since…[Read more]

Hi Seank. Go for that number 3!. As far as borrowing power goes, you would need to divulge your current loan reapymant amounts for the two loans, how many dependants you have, and any liabilities such as credit cards and personal loans-hardly stuff you want to do on a public forum. I would be more than happy to give you an idea, but you will find…[Read more]

Interesting – it is a few years since we drove through Moree, but at lunch time, in the public park in the main st, with 3 little kids even, we felt VERY uncomfortable with some of the 'aimless wandering tribes' there……just looking for trouble leaving a wake of vandalism after them.  Man, I can only imagine a Fri or Sat evening there now.…[Read more]

I would assume you have redraw on your loan account? If it is no charge to use, or if you don't think you will need to use unless emergency, why not stick everlything extra you can into your homeloan , and look at it again in 6 mths time? You may get a pleasant surprise, especially if property increases 6% PA or so in your area.Cheers.

Yes, sadly. The real guts of the matter is why would you work for someone else as 'self employed', self funded, and with no employment security whatsover for commission only, while you build up a pipeline of pending clients and deals, and could get shafted at ANY time with no recourse whatsoever, when you could do it for yourself. I assume you are…[Read more]

ffc1883_1996 wrote:
Suffering break costs with RAMS would likely be cheaper than selling a good asset.

Mmm. I think at the moment that is 110% correct…….even for a dud asset!

Hey Moolah,The good news is that if you get out now just as is at market value, over 25 years ownership you'll walk away with significant profit/growth anyway……which is not yours unless you do one of two things – 1) Sell it. 2) Borrow against it.Mate, if you are doing  (or believe you may do) more damage to your health and or  emotions by k…[Read more]

1. Don't.2. If you do, no matter what anyone promises you, NEVER accept a commission only position.3. Read the above again, and don't read the following unless you are real keen…….4. You will likely need your own ABN etc, and have to do some MFAA courses – as you would expect.5. Thoroughly check out any potential employer – there 'reputation'…[Read more]

Hi Peter – welcome to the forum, and a big congratualtions on what you have achieved so far. Great stuff.Couple of things I might add, although I really did think about cutting and pasting Terry's comments…..In no particular order…….You don't mention wheter you own your PPOR or or not Peter? If so—-good on you, and then depending on your…[Read more]

Hi Bob. It is not 'wobbly'. Some feel that investment property should be 80% LVR (or higher) regardless of what other debt people have, but in the current economic climate, if someone has non tax deducable debt, (such as a credit card or there own home loan)  it is a great idea to try and pay off other debt, and thus effectively decrease the LVR o…[Read more]

Hi. A lot would depend on your LVR and the property value before I could give you my personal opinion, but if you have a bit in it, and want some cashflow relief, depending on the actual Rams loan you have, biting the bullet and refinancing into a fixed rate loan with the likes of NAB or St George @ current fixed rate specials  (7.59%) may be…[Read more]

Thanks again for the extra replies. Ta

It depends on the lender, and the broker – BUT PLEASE remember that if the broker does not get this, the bank does. So don't be too hard on the guys……… Work out your lenders interest for a few months and you will see where the money comes from…..A franchised broker would likely make between 0.2 and 0.44 % of the deal – an 'independant' one…[Read more]

HI. You will find it is likely the figure the valuer has used I think. Did you submit a written rental quote from a (or a couple maybe?) real estate agent in the area? That is usually the proceedure if the property is not currently tennanted. Has it ever had a tennant? I think if you get those thinks in order you should have a great shot of…[Read more]