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    advice needed on first investment property

    Rixter, ive seen you mention "satellite CBD' a few times and give examples, however, what does it actually mean? Do you mean the geographical centere of the city? for example, Parramatta of Sydney? Would love some clarification on this as im certain your advice is worth taking!
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    Vendor offering rental guarantee

    Question about a Vendor offering a 2 years rental guarantee. All other fundamentals of the deal stack up, however, I?ve never seen this before except on OTP properties. This property isn?t OTP, it was purchased (I assume via an option) by a developer/real-estate agent & is just about to...
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    Novated Lease or Buy Outright?

    I am an equipment finance broker & have done the sums for several of my clients. There are too many variables to get a black & white answer, however if you are using the car for > 50% work purposes i would suggest a standard Chattel Mortgage. They represent about 95% of commercial motor vehicle...
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    Thoughts on this sydney purchase?

    I have been doing an analysis on a Sydney property & have the following scenario racking my brain: I have found a property off-the-market with the following attributes: ? 1 bed, 1 bath, 1 car ? 58sq/m plus car space ? Approx. 5kms from CBD ? Walking distance to train station &...
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    Question re tax deductibility & loan structure

    OK thanks. Would i be right in assuming the way to calculate the tax savings in total (if they borrowed 50/50) would be to simply do the following:' Using a negative gearing cashflow calculator just exactly halve every input. e.g. half the purchase price of unit, half the interest expense, half...
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    Question re tax deductibility & loan structure

    Thanks Terry, Is there any way she can be involved and he still claim 100%?
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    Question re tax deductibility & loan structure

    Hey Guys, My dad wants to help my sister get into the property market. Just seeing wether this scenario would work... Assume my dad has approval for 105% purchase (using equity in PPOR for security). Can he purchase a unit with my sister 50/50 (i.e. so both names on the mortgage and...
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    Plumber in Brisbane, Qld

    Hey guys, Looking for a decent and honest plumber to go in an check out the leak in my unit located in Taringa, brisbane QLD. My PM has suggested they would organise on but thought I would check SS first for a recommended one. Cheers
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    Have you ever paid over asking price?

    Paid $15k over asking price and put a 24 hour time limit on the offer. I wanted the property and the numbers stacked up for the price I offered. Like terry said, if it's a buy and hold I don't see an extra 10k to 15k an issue.
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    Limited guarantee

    Is there a limit to how many times I can use a famiy guarantee? Can I keep repeating the process once each guarantee is removed?
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    Limited guarantee

    I was hoping that my bank could take a limited guarantee on the remaining equity in IP1 ($170k) and I could then fund 100% again for IP2. I was under the impression you can only withdraw cash up to 80%LVR? Hence why I am looking for a way to utilise all of the equity in IP1 to essentially...
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    Limited guarantee

    Question re financing IP?s On my first purchase I used a ?limited Family guarantee.? Essentially means borrowing 100 -105% & avoiding LMI due to a $80k guarantee (20% of $400k purchase) put on my parents? home. My question is this: Can I use this process for myself? E.g. let?s say...
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    Aggressive Investment Strategies

    it sure is. I just returned from 5 days in vegas and I now understand that taking risks.....is bloody risky! Haha
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    20 year strategy (another one)

    Nice work! I am in a similar boat to you I think. What city are you going to focus on for your first property? I chose Brisbane due to lower cost to enter the market and right stage in property cycle. What's the reason for outsourcing everything? I first thought I would do the same but...
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    Aggressive Investment Strategies

    I think i mean risky...as I'm pretty young I'm willing to take risks, however, from my understanding development needs $$. Something i don't have a lot of at this point in my journey :( thinking Maybe my next move could be a cosmetic reno on a cheaper unit/house...mmm thanks fore the tips.
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    Aggressive Investment Strategies

    i don't have a short time-frame (10-20years) and i don't have lots of resources at my disposal (yet). So, Yes "active" sounds about right i think. i have bought my first unit which is CF neutral, renovated and located in Brisbane (family guarantee at 100% LVR). Hopefully, I will have around...
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    Aggressive Investment Strategies

    I'm fine-tuning my investment strategy... Does anyone have any examples of "aggressive" investment strategies? I'm in my early-mid 20's and can afford to take risks. All i can think of is borrowing as much as possible? Possibly regional purchases? Any suggestions appreciated! Thanks
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    My Strategy -The next 20 years

    I turn 24 in July so a 20 year strategy for me puts me in my mid-40?s. When you say ?be aggressive and take risks? what do you mean exactly? Any examples? I?m definitely not risk adverse by nature and would love some ideas as to what?s considered an ?aggressive strategy.? Although this...
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    My Strategy -The next 20 years

    Thanks for the feedback guys, much appreciated. My exact goals are: 1) Portfolio Net worth of $4-5mil by age 45 (21 years? time) consisting of 7-10 mature (held at least 5 years) high-growth properties 2) Maximized tax advantage (this is important for me as I will have high income)...
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    My Strategy -The next 20 years

    My Strategy ? Feedback appreciated! Basic fundamentals: Year 1 ? 15: Buy as many high growth properties as possible. Aiming for around 7-10 in capital cities. Never cross-collateralize & Fund negative equity shortfall by LOC to maximize tax advantage. Year 15-25: portfolio will be...
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