Recent content by sluggo33x

Hi, I'm looking for a reliable and licensed contractor who does termite inspection/maintenance and general pest control in the Blacktown area. I've tried steve from ausinspect, but he said it's too far for him to travel.

Looks like I started the same thread twice, original thread http://somersoft.com/forums/showthread.php?t=90804

Apologies for not being little clearer. Let me explain. We originally setup a two loan strategy anticipating a negatively geared property and ended up with a positively geared property. Loan 1 for 80% and loc for 20% plus ongoing expenses and repayment shortfalls with rent going into the...

For those with positively geared property, how do you manage your cashflow? Do you wait until you lodge your tax return and work out exactly how much you're in front for the year then collect the extra $ from the loan (essentially returning it to the starting balance) , or do you take out...

For those with positively geared property, how do you manage your cashflow? Do you wait until you lodge your tax return and work out exactly how much you're in front for the year then collect the extra $ from the loan (essentially returning it to the starting balance) , or do you take out...

The last one I saw was hard up against the boundary so too risky, but what about the ones that appear to comply, still a level of risk. I'm talking western suburbs NSW.

What are people's thoughts on buying an IP with an existing unapproved granny flat? You can just take the risk and start renting it out, or approach council for approval. I figure council will either approve unconditionally, approve subject to conditions (alterations, compliance etc) or...

Boom one day, doom and gloom the next http://www.smh.com.au/business/home-prices-slip-again-survey-20130603-2nkun.html

I spent the day out west today inspecting properties between $400k-$500k in Blacktown, Seven Hills and Quakers Hill. Very busy with FHB scrambling to submit offers on the spot, quite amazing to watch. For those more familiar with this area, what would be the smarter choice in terms of an...

Yep, already talking to Rolf via email, cheers.

Bigtone/Rolf, As i said above i acknowledge the fact that there are other lenders out there and i only said that i would "prefer" to remain with my current lender. I guess this is where a broker could help me out. I have no reliable recommendations to a broker and there seems to be an awful...

Funny you mention accountant as i'm on the lookout for a new one that is a bit more IP savvy and proactive, so no, i haven't run this strategy by an accountant. In terms of capitalising interest, if i intend to make up the repayment shortfalls from the new LOC rather than my own personal...

Why one lender? well, i used to work for this lender many moons ago and they were a great organisation to work for, so i do have a bias towards them. In fact all of my banking is with this lender and i really like logging onto online banking and seeing EVERYTHING in one spot, so convenient. I'm...

Why do the repayments need to come out of the offset? Can i not have rent going into the offset and repayments coming out of the first investment loan where the deposit came from? Or should the rent be going into this investment account as well? I just figured i would be better off by putting...

Can you explain how borrowing with a new lender will fast track my portfolio?