Recent content by Younginvester

reading books instead. Cheers

"If you stopped working, how long could you survive" - Rich Dad depends how much your expenses and lifestyle costs i guess... But in short, I beleive it is the cashflow generated by your owned assets and therefore generally measured and reported for big players as net worth (assets minus...

that really does hit home runs for land in desirable locations always being the money team. supply and demand. what a dump!!!

maybe ill just print this thread out along with rate comparison charts and take it into the bank.... i currently have over $1mill with CBA across several loans all on different rates, average out would be high 4.8X% id say. Long term customer, since dolomite days, always had cash in bank...

What techniques have people been using to reduce rates with cba? Presuming they just don't hand rate reductions below rba cut out willy nilly

Thanks for the responses. Rick - have sent you a PM re: your IP tools Big Will - is PIA a single licence downloaded to a single computuer or can you use it accross multiple devices but with the one licence? Wombat - thanks, ill check it out and compare to PIA

make her interested or find a new missus. going to be tough going for you to save, budget and invest without her support and same mind set IMO

unless you can attribute the failure to tenant damage, you got to pay and fix it. They rented the place with the aircon working, now it doesnt work. As said, keep the tenant happy with the reasonable request. Get extended warranty on the new unit aswell.

Oh yer im not reviewing weekly, i was more thinking yearly review of each property and then overall portfolio review yearly or as required. Agreed need to know your position fairly explicitly to go toe to toe with broker and banks and justify your capacity etc. Cheers

Appreciate the advice ace. big picture noted and back to drawing board for planning. Cheers

look at Montmorency as well, depends how far you are willing to travel to CBD i guess. Plenty of BV style house in watsonia, good for reno and add value. But as mentioned look carefully and avoid power lines

Hi Gents, Thanks for your feedback. I guess I am looking to treat my properties as a business to get the most return on my investment. Most business people I know regularly review their financials with respect to the business operation. However, i understand supported by your comments that...

please tell me more. I am interested. Where do you draw down the money to pay the PM fee? LOC and then claim interest on LOC? What techniques do you use to keep the interest charges seperate for deductable vs non-deductable? Thanks

for what purpose would you want to do that? Just sounds like hard work to me. The way i see it, there is no technical difference in recieveing say $1000 rent income, the agent deducting $100 expense from the monies held prior to paying you $900, than for the agent to pay you direct $1000...

This guide is a few years old, but will give you a guide and can add % to account for cost inflation http://homesafegroup.com.au/wordpress/wp-content/uploads/2013/03/HomesafeGroupOverview2013.pdf