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Well done Brenda!!! Do it 10 fold and U will be able to retire in 12 months if not earlier. AE

Although 50+ I think it is never too late and since I am a bit more educated now than 10 years ago, I now know that I will be retiring in 8-10 years. So, it all comes to lerning, beeing discipline and have goals and work towards them. Hopefully in 10 years I will be able to say that I am at...

Novski Hi, Seaford belongs to the Frankston Council and yes there are some investors in the area doing subs, but it all depends on the size and possition of the block. I belive that 2b units are esier to rent than big 3-4b houses. Hope this helps a bit. Alex

Hi there cgj I would look up on the local paper in the Property Inlet for prices and sizes or go to the local RE agents and pick up one of their rental lists. They are all around Playne & Nepean Hwy corner. Good luck AlexE

G'day Luke Thank you for clarifing it for me. At the end of the day I will do that very soon. So...Rolf, can I send you an e-mail with all the details for your expert opinion? Pls let me know. Regards Alex

Hi Rolf So you mean to say that to have these options it costs extra? If so, they are not there to save us money but to make money for the lenders. Alex

Well some of the features, I would like to have, are: Ability to increase your limit without needing to refinance, the ability to add extra accounts as you need them and the option to add or release a security without having to rewrite the loan, wich I think saves you a lot of money on the long...

My/our turning point was back in 1995 married with 2 kids in highschool and $25k saved we bought our PPOR, late last year we got our 1st IP and we now geting ready to sub divide on the back of PPOR for 2 townhouses. Hopefully retire in 8-10 years with as many IP's as posible Alex "The...

Going thru M. Lomas book "How to Create an Income for Life" she describes about 10 features an LOC should have and I was wondering if any of the forumates tried it. My LOC certenly has not all of them and if I want to increase the amount I will have to refinance, wich means more application...

Well here is my little story... Back in 1971 my salary was $6000 and I went and bought a brad new V8 XB Falcon Hard top for $4.750. Those days the single front houses in Richmond were $4.000 - $6.000. So I could've been a millionere many years ago... But I've learned my lesson. A.E

Thanks for the advice Dale. Now I'm going to print the wholw thread to keep it in my files. Thanks again to all. Alex

Dale Thank you for the advise. It hasn't happen yet but it will in the near future... So.. I'm cooking before I get hungry..as they say, and it's good to know how to handle the situation when arise. To answer your questions,yes it was bought pre CGT and it was PPOR. Now my next...

Thanks for your ideas.. Some very creative thinking.... That's why I'm a regular on this forum for the last 18 months, although I don't post very often... Best regards to all. Alex :)

Dionysus you wrote: Also CGT is not necessarily based on the price paid to your brother but the market value, so you could get a higher valuation for CGT cost base than what you use for paying out your brother. So will this mean that I/we will have to get 2 valuations, one to see the...

Thanks Rolf But what if in 2-3 years I sell the property, what would be my possition with CGT? Any Idea? Alex

Hi all!! My brother and I inherited a house from our parents 50-50. My question is that if I offer my brother to buy his 50% and borrow that 50%, would the interest on that loan be tax dedactable? And would the property be regarded as IP or what? Regards Alex