Recent content by srini

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    Goal is to live off rent in the future how?

    Have you considered getting 95% loans with LMI rather than 80% loans? This will help you grow the portfolio faster, especially earlier in your strategy. If you paid 5% down on the 2 properties, you'd only pay $40k and have money left over to either sit in the offset against your PPoR or...
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    Advice for a first home buyer in Melbourne??

    Hallam and Narre Warren are ok. Narre is a bit better in terms of infrastructure and shopping. Hallam is less so.
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    Advice for a first home buyer in Melbourne??

    Welcome to the forum. I'd suggest that growth prospect is closely linked to size of the block/land content and whether it is a house or unit. Houses/townhouses tend to hold their value and grow more due to higher land component. You could also consider Keysborough, pockets of Noble Park...
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    The remarkable life and lessons of the $8 million janitor

    Here's an interesting analysis on the investment decisions of a guy that left a fortune when he passed away. http://www.washingtonpost.com/business/get-there/the-remarkable-life-and-lessons-of-ronald-read/2015/04/24/7c12a26a-e944-11e4-9a6a-c1ab95a0600b_story.html
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    My situation and where to start?

    Yes, we fix the IPs opportunistically based on gut instinct - not a scientific way to go about it, but works for us. Currently all IPs are fixed till August (fixed for 2 years) at 4.5%. When they come off fixed, we'll reassess. PPoR is variable but I/O and we pay extra into the offset account...
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    My situation and where to start?

    Hi mate, Good on you for having a good savings base. As others have said the forum is a wealth of information. If I were in your position, I'd start with a goal in mind. Write down what you'd like to have at the end of this process. For example, ours is $4 mil in assets and $120k per...
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    What are you property manager fee?

    Started off at 7.7% and now at 5.5% across 4 IPs since we've been with them for a while and they do a good job.
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    Steve Keen predicts interest rate cuts in 2015 as well

    Interesting read. Looks like consensus is that interest rates will go down in the short term. Also interesting is his take on China. Original transcript here http://www.finnewsnetwork.com.au/archives/finance_news_network108975.html Video is here https://www.youtube.com/watch?v=RByUL0S8c8w
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    Software recommendation /

    Hi Success, I run a free tool online that does most of what you are trying to do. http://www.numbrcrunchr.com/ You can also change things like deposit, interest rate etc. and also download the final spreadsheet. Let me know if you have any questions. Thanks Srini
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    Pebble Pave vs. Paving for driveway

    Anyone come across Pebble Pave (http://newdawnpermeablepaving.com.au/pebble-pave/) ? Its an aggregate mixed in a resin that can be used in place of paving/concrete. We are considering replacing the concrete driveway in our PPoR with either this or bluestone pavers in Chadstone, VIC. We like...
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    What percentage of your income is from investments?

    We are about 35% and CF Neutral
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    Bills IP

    Say, I have council rates of $1500. If I borrow that from a LoC and pay 5% interest ($75 per year), can I then claim the $1500 and $75 on tax? I suspect not. So, the reason you'd do this is to pay off non-deductible debt first? Thanks Srini
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    Bills IP

    You can have a Line of Credit setup against each property that you can borrow money from to pay expenses. I'm a bit unclear about the tax implications of doing that vs. paying out of your PAYG income. Maybe others will jump in and explain it better.
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    Crunching the numbers - use an expert or diy software?

    I have a not-for-profit online tool that you can also use to run feasibility and projections for your investment property. It does not work for development either. But as Paul mentioned, you can easily use the existing tools to do that in Excel. The website also allows you to download the...
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    $700K - Chadstone vs Clayton

    We bought our PPoR in Chadstone in March and have friends that recently exchanged on a townhouse in Hughsedale. Prices have definitely moved up a fair bit.
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