Recent content by Avatar1234

how about start central heating ? you pay 5$ a day for it but for all.

300k wont buy you in Metro. Rural is the only option. if CG is only goal try west of melbourne. Cashflow means southeast probably beat. you cannot get both unless you buy remote place in QLD or NSW.

I have read on Domain sometime ago that you can rent part of your home and claim CGT 6 yr exemption based on that.

how much of land value is estimated on you current IP? you may know the tax cap already right?

15k per year profit after all expenses!!! i guess you should buy more of those instead of anything else.

Doesn't look very true with your IP, 15k rent is way low to service 510k loan..

HI Jamie If I have three rentals and the rental income - expenses evens out do the banks take it as no liability? in that case anyone can take hundreds of loans if they buy deals with cashflow equals expenses.

Hi Syed you said borrowing power. how do the bank decide my borrowing power? it is based on LVR on existing properties or my salary? without valuation how can we decide on how much we can borrow?

Hi Afarin what you mean by strategy? do you mean choosing lenders as strategy? or renos?

hi syed 2 with cba and one with suncorp. can you suggest which banks do valuations upfront without damaging credit rating?

i buyed them 6 months ago and they are a bargain for the market price. i am sure they will be valued more than what i paid for. i did small renos too.

hi recently i have acquired 3 properties and almost now have to pay 500ish land tax in vic. 2 properties are +ve cashflow with min 80% LVR or even more since its been month since i buyed them. could you guys guide me how i can draw equity from existing properties and buy more...

can some opinions help me decide what to do? i got a contract to settle in 10 days and my bank want me to choose to pay LMI 8k ish from my pocket at 4.59% interest rate or LMI paid by them at 4.99% interest rate. keep in mind i am taking -ve gearing for a ride on this property. its my first IP.

Hi I am finally ready to moveout of my PPOR after living 7 yrs in it. i am planning to move back in about 5 years time. I would like to know what i need to keep for records purposes? any experienced chap can suggest me? I would definitely return to leverage CGT exception but just dont...

BayView: you nailed the -ve effects of the -ve gearing. its absolutely great that you made heaps from the house but the guy who buyed it if changes it to IP and claims -ve G then who is at loss? GOVT!!!!