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  1. MCS_80

    Henry Rollins

    How was the show? We went to see him when he was last in Melbourne. Was a good night out. He has some interest opinions about how the world works. Went away with some new ideas and a much more open mind. Cheers, Mick
  2. MCS_80

    Question about IO PPOR Loan with Offset

    All fair points Alex. We will live off the same thing we would if we didn't own our PPOR outright, investments. :D We plan to heavily invest during and after we pay off our PPOR. W may even convert into an IP in future and have it +cashflow for some income. Will be in the wifes name so...
  3. MCS_80

    Question about IO PPOR Loan with Offset

    Good to know. We will be tipping in extra where we can and once up to the original loan amount the house is 100% ours. :D Should only take 5-7 years at the rate we are going. Cheers, Mick
  4. MCS_80

    Question about IO PPOR Loan with Offset

    Would be nice. Any bad debt is great to get rid of I guess. :D Cheers, Mick
  5. MCS_80

    Rendering in a 'brick street'

    With the right looking garden, roof and fixtures, I dont think anything can beat the appeal of a rendered house when to comes to "New Look" factor. Id certainly gravitate toward a newer looking rendered house rather than an older looking brick home. There are rendered houses in our...
  6. MCS_80

    Question about IO PPOR Loan with Offset

    Yep. We would like to pay off our PPOR before investing in rental property. I guess the reason behind this is because ill always be in commission based jobs and the wage's go up and down so much it would be a huge burden off our backs if paid off in full, or at least a huge chunk of it in the...
  7. MCS_80

    Question about IO PPOR Loan with Offset

    Thanks for the reply. We understand this will not be deductible as its not an investment loan. Ah yes so i we have a loan amount of $150k, and we have $150k sitting in the offset account, we effectively don't have to pay anything each week to the bank. In that case could we then...
  8. MCS_80

    Question about IO PPOR Loan with Offset

    Hi everyone, Long time no see from me. Ive been a busy little bee selling my ring off in the car sales industry. Thoroughly enjoying it, although the 65 hr weeks are getting to me a little. Anyway, the reason im popping up again is to clear something up that a friend of mine at work...
  9. MCS_80

    How much is the standard rate for managing investment property ?

    Im yet to buy an IP and am also wondering what the costs are. When people quote "5-6%" etc does this mean a percentage of the rent paid per week? ie 5% of the $300 p/w rent so the agent gets $15 per week for their trouble? Cheers, Mick
  10. MCS_80

    What time do you wake up? How successful are you?

    At the moment im going through a bit of a lull. I struggle to roll out of bed at 7:15am to get to work by 8:00am. Every night before I go to bed I think to myself, "Ok, tomorrow ill get up when the alarm goes off at 6:30am and have a nice breakfast and at least go outside for a 10min...
  11. MCS_80

    New/Used Car Salesman on the forum...

    Things at the dealership are going..... well..... "interesting" to say the least. In regards to sales, yeh, December was very quiet and slow but January picked up a fair bit as did February. I am getting more and more experience, however, it seems there are more politics in car sales...
  12. MCS_80

    New/Used Car Salesman on the forum...

    Good point. Show me the Macca's job application form, with 60k PA earnings, and ill sign up tomorrow. :D Cheers, Mick
  13. MCS_80

    New/Used Car Salesman on the forum...

    For sure. The Platnium Sorento is the flag ship vehicle for Kia in my opinion. Hahaha... Im proud to be in an industry where with no university degree or no real qualifications what so ever, you can potentially make over 100k+ PA working approx 60hrs per week. Our top sales woman made 100K+...
  14. MCS_80

    Werribee

    May I add that I live in Werribee :D Happily live here until we can afford to upgrade to a bigger house on a larger block of land further out west Cheers, Mick
  15. MCS_80

    Werribee

    I own a house in central Werribee (10min walk to town centre) and have to say you can actually feel the growth in the area. Wyndham is one of the fastest growing areas in Australia and the fastest in Victoria. We will be buying our first IP in this area for a few reasons, one mainly being that...
  16. MCS_80

    New/Used Car Salesman on the forum...

    Hi everyone, Wow its been ages since ive posted in here. As some of you may already know, I now work as a new and used car salesman in the western suburbs of Melbourne. Im now working an average of 58hrs per week and still a "trainee". So far I am really enjoying all the new challenges...
  17. MCS_80

    Mens Fashion Question

    UPDATE : Purchased a pair of braces today. Nice set of black ones with white stripes on them. Tried them on and they feel great. :D I will do a little dress rehearsal tonight with my suit on to see how they look, may even take a few photos and post them here for you to judge how they look...
  18. MCS_80

    Mens Fashion Question

    Have not started work at the new job yet, start in 2 weeks time. :D Can I disclose the brand? Sure. :D I actually work for a company who own a collective of dealerships, ill be working in the Kia dealership selling new and used cars. They also have a Proton and Isuzu Ute dealer in the one...
  19. MCS_80

    labor to lead the next great depression?

    Here, here !!! Remember, when people are loosing money, someones making it. Just make sure we are the ones making it. :D A lot of people I know make more money when the share market goes down compared to when it goes up ;) Leverage people... Cheers Mick
  20. MCS_80

    Mens Fashion Question

    Hahaha... My subscription to this thread must have died with all the posts. Never knew braces would create such a reaction, maybe this is the very reason why im thinking of wearing them in my future job. ;) To those who have asked in here and in PM, yes, I have a new job. No, its not in real...
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