Search results

Geez, I'm trying not to be too negative here Jaycee... your making it difficult lol, but imo if Q has a couple problematic IP's and interest goes to 8%, he's pushing **** uphill. Being in ACT maybe he's (or both) got a nice gov job, but they sacked ten of thousands a few years ago too. "I'm...

Jaycee I agree with BV, I reckon he's spot on: I've always posted along these lines. But dangerous does'nt mean uncontrollable (he was running at 100% LVR). You take a financial risk in everything you do. An increase in interest payment of 8k a year is not the same as 80K if your running a NG...

As I posted, but if you think $70 a week rent rise is "ticking along nicely" to a resi tenant, and they can be raised even more, then yeah it could be as you say.

If you can easily come up with an extra 40-60k yr then it's not to bad. Do banks not charge interest when bad tenants don't pay for 6 weeks? Or when new buildings have problems? Or wateva else regularly happens to LLs. And what would happen if in the next few years the ATO "isolates" RE tax...

What, with 400K!? lol That depends on your income. Given the avg income is ~70k yr that should'nt be much for a 2 income household. A 1% increase is 4k yr ie $77wk. Big Woop! Worse case for a one earner is you can stack shelves at night time at Coles for time and a half. On public holidays...

I'm talking numbers not necessarily ratios. If rates go up another 1%, then it's another 40K yr in interest. $769 per week. Can you just put up the rent? Well even if you count the OTP ones it's an increase of $70 x wk x IP. While it started with nothing, it also started with "nothing to...

But interest on 400k for an IP earning rent is easily paid buy anybody who's interested in doing a bit of work. On 4mil a 1% increase is 40k. So from 5.5 to 6.5% is an increase of 80k. And loans for OTP are not offset by rents till settlement without problems. Yet when the banks were lending to...

Just what I read: "Tall Poppy lumberjacks with nothing valuable to add" And I've seen a few of them go bankrupt. Them and all their BS in the financial press. Some are spoken about, others faded away, others are back in the financial press as "experts". There is something called "downside risk"...

Investing is about numbers & planning, not emotional BS. Quyen states it also in the interview. I've always posted there's plenty to achieve and opportunities abound and well done to anybody that gets off their butt and does it. But you get to a point when the interest bill is so big that...

Only to the banks who will issue a margin call if LVR does'nt suit them and reposes if they default on interest payments. And to someone looking to pick up some cheap IPs at auction.