Search results

  1. spludgey

    Making your PPOR loan deductible?

    I went to a property meeting last night and got an idea about reducing my non-deductible PPOR loan and essentially slowly converting it into a deductible loan for investment purposes, using my PPOR as security. I have in the past heard about using a line of credit to pay your expenses, but I...
  2. spludgey

    Are "HomeHero" valuations a good indicator of St George valuations?

    St George launched a new(?) website HomeHero that appears like it might become their answer to CBA's MyWealth, though currently it does have very limited functionality. I'm assuming that the plan is that St George will progressively add more functionality into it. But one of the things that's...
  3. spludgey

    Is this forum making you feel inadequate?

    I must admit that when I first joined, if anything this forum was more of a hindrance than a help psychologically point of view (obviously a massive help from a learning one). Seeing how much more some people on here had accomplished than I did, some of them were even younger than me. This...
  4. spludgey

    How much have you spent on property education?

    I was wondering how much I had spent on getting myself educated. For me, I've only really bought (second hand) books, gone to cheap seminars and utilised a lot of free resources, such as this forum. So while I've spent hundreds if not thousands of hours, I've probably only spent around the...
  5. spludgey

    Central Coast: Granny flat now or townhouses down the road?

    I've got a property on a 800m2 block that's zoned medium density in Umina. Now my conundrum is that I don't know whether I should put a granny flat in the back now or wait a couple of years and put three or four townhouses on the land. Currently the house is renting for $410 a week and a new...
  6. spludgey

    Buying houses that aren't for sale

    Yesterday I went and knocked on the door of a house that's next door to one of my properties. As it has excellent potential for a development, I wanted to buy it. I asked the owner whether he was interested in selling, unfortunately he said no and that he had been there for 55 years and was...
  7. spludgey

    Buyer's remorse

    I've now purchased nine properties, but every time I buy one, I question myself afterwards and get a case of buyer's remorse for a while. Does this happen to other people as well?
  8. spludgey

    Best portfolio tracking software?

    I'm losing oversight a bit of when my insurance is running out, who my tenants are, how much my rentral returns are, etc. Is there a good software solution that will do this for me? Preferably, I don't want to spend much more than $100, but if need be I can spend more. What do you use...
  9. spludgey

    What percentage of your income is from investments?

    This is inspired by the Kiyosaki thread. What percentage of your income comes from investments? Just do a gross figure, so before all your expenses are paid.
  10. spludgey

    Contracts in SA

    I'm due to go to Adelaide next week and I'm hoping to come back with a couple of investment properties under my belt. So far I have bought properties in NSW and QLD, but as the contracts and cooling off are very different in the two, I was wondering what SA might be like? Is it like one of the...
  11. spludgey

    How soon can you realistically retire?

    I started investing in 2010 as a 27 year old and set my goal as being able to retire in 2022 (on my 40th birthday) with a $100k pre tax income from properties. At the time I only had around $50k to my name, which was just enough to get me started. Now I'm just over four years into my 12 year...
  12. spludgey

    How many non-deductible loans do you have?

    Personally, the only non tax deductible loan that I have is for my PPOR, but I was interested to see how many other people have. For credit cards, don't list them if you pay them off before paying interest, but do list them if you don't pay them off. Other than that, any kind of credit...
  13. spludgey

    Buying IP with cash, then refinancing

    I have spoken to my parents and they would be able to lend me money at 7% interest to buy a house with cash and then refinance it. Now I've got some questions: Is this a good idea? Will this negatively affect my serviceability? Would I be able to get a reasonably discount as a cash buyer...
  14. spludgey

    What is your networth per year of adulthood?

    I thought his might be a interesting metric, as networth isn't really comparable between a 20 year old and a 60 year old (or at least it shouldn't be). While you'll still be able to acquire money at a faster rate the longer you have been investing, it will should be a closer spread. So the...
  15. spludgey

    How to invest with your partner?

    I was wondering how people here invest together with their partners, when outlooks and goals might be different? With me for example, I've bought a house with my fiancee and she knows that I have 5 IPs and accepts my goals. And while she's good at saving, now that we have a house, she wants...
  16. spludgey

    How do I break a lease?

    I'm planning on breaking the lease in a months time of the place that I'm currently in. I've notified the real estate agent and she has said that I would have to pay four weeks rent in order to do so. I know it's the opposite to questions usually on this site. But is there a way of getting out...
  17. spludgey

    Finance structure question with private loan

    Okay, I've asked a related question before and I had some good responses then (thanks), but now the premise has changed a little and I'm relying on your advice once more. My parents have got some cash available from selling a property (around $500k) and my parents were originally going to lend...
  18. spludgey

    How to get best valuation for this property how much might that be?

    I bought this place for $206k in August and I'm looking to refinance to 90% LVR (currently at 80%). What would be the best way about getting a good valuation? I was thinking of passing on that I'm looking for $230k and also that this property sold for $235k in December. It's got an extra...
  19. spludgey

    Tax deductibility question on cash purchases

    My parents recently sold an apartment and have a few hundred thousand dollars in their account now. Would I be able to borrow some of the money from them, buy a house with it as a "cash" purchase, then get a bank loan and return the money to my parents? Would the interest from the new loan then...
  20. spludgey

    FHOG to be changed/increased?

    Hey Somersofters, I'm thinking of buying my first home (5 IPs) later this year. As it's now the lowest level of first home owners in the market ever, do you think that it's likely that the state government will change the FHOG any time soon? I'm in NSW by the way and I was hoping that someone...
Back
Top