Recent content by deejay

Fair point. We're with CBA and they have been very supportive of us - we were both made redundant last year and were in fact both unemployed for a time. But we had a clear strategy to maintain our repayments that we could explain to them, I had other passive income streams and other liquid...

Our portfolio is positive even with the new loans, so it is unlikely we would be forced to sell, including in case of job loss. If we did have to sell (for instance, permanent disability) the portfolio is sustainable enough that we could sell in a controlled way. It wouldn't be a fire sale. We...

I agree, which is why I suspect they may have been townhouses. The relative might not have spoken with much precision, and townhouses correlate plausibly with the financial figures stated, while houses don't. But I'm sure Deltaberry will correct me if I'm wrong soon enough.

Yes - we're doing this at the moment. (We needed to buy something for a short-term PPOR purpose as well, and we need to conserve cash at the moment for some forthcoming costs). We're getting two loans - one secured against the new property at maximum (paying LMI) and one for the deposit and...

I'm not who you replied to, but we're buying in Cairns and I could believe these figures if they relate to townhouses in the inner suburbs (which does fit the $250K/$175K equation). There are a lot of people in this area of the market who bought at peak (say 2010) who can't afford to sell...

I would be inclined to give a small gift to a tenant who was more cooperative than the law required them to be in a way that was helpful to me (for instance, flexibility and good grace while selling a house). We have "tenants" at the moment who have been very good with access and with cleaning...

We're in the process of buying in Cairns and there are opportunities there, but I would hesitate to buy in the manner you're suggesting. Cairns strikes me as fundamentally a low-income place. There's little industry other than tourism and services to people who live there, and those are...

True, to some degree, but you can still work overseas in that scenario without difficulty. Whereas your SMSF strategy (if it relies on concessional superannuation contributions) revolve around the super guarantee and/or concessional treatment of employer contributions, which you can't get from...

Your SMSF really shouldn't be so close to the wire that this is an issue - that would call the risk management component of your documented investment strategy into question. The pitfalls are more complicated than that. 1. The Trust Deed of the SMSF must allow insurance policies. Otherwise...

Others have covered the general idea. Yes, you can buy a property in an SMSF with a loan, but the rental payments have to go into your super. There is one legal way that you can use an SMSF to improve your personal cashflow. If you have life insurance or income protection insurance that you...

I'm not sure what you consider to be such a stretch here. The chain of discussion went: ianvestor: Why are you feeling pressure?...Who has 'trained' you to want an 850k house, and how are they doing financially? censioraus: My dad is pressuring me to buy a house for 800k... Pretty...

Because dad is "pressuring" the original poster, not "suggesting" or "advising." Huge difference. Who pressures a third party to chose a particular investment? If the OP had said "financial planner" rather than "dad," everyone would be saying to run a mile!

The difference between one property and two is risk mitigation. - Two properties makes it very unlikely you'll be completely without rental income at any one time. - Two properties makes it possible to sell one if you need to, and unlock some capital gain, without unlocking it all and...

Since you live in the region, why don't you just go spend some time there? Do your grocery shopping there. Have your breakfast or lunch or dinner at the cafes on the weekends. Go to a couple of school fetes or sporting events. You'll soon figure out which ends of town, which schools, which...

If you're at all proactive and diligent and make an effort to develop your skills, you should be able to get an EL1 in two years, max.