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Thanks for the reply Greg. Your points are on the money. Had a good think about our situation and I think we need to find a PPOR first and start paying off our property than someone elses. I would love to sell off our new apartment OS and use the funds here but the wife has other ideas :) I...

Valid point and luckily I know the answer to that in the country I am talking about. Basically any inheritance would go directly to my children, even if no will was written. By law that is what happens, it would not get forfeited to the state. It sounds good on paper getting in 50K a year in...

Hey strongy no I did not have a nightclub on chapel st. Yeah I have 2 kids with the wife at home looking after them. We don't have any other debt, but by having the kids it must be greatly effecting my borrowing power. I worked it out the bank is offering to loan me an amount that the...

Yeah I think I will most likely give it a go. Just have to decide whether to buy new ones which will be around the 80k mark or buy 30 year old ones that are about 15k cheaper. The newer ones are nicer brick instead of concrete panels. Maybe better to go the newer ones. Getting tenants in...

Quick question for the experts. Do you always need to save up 20% of the property cost to get a loan approved for an IP? Or are there ways to use your equity (home you are living in but paying off) and not worry about the 20% deposit?

RBA is having a hard time driving the dollar lower. I'll have to watch that dex. Might pay to wait and buy when dollar hits this parity. A lot of my funds at the moment are OS. Might even be worth converting to AUD now and then sell dollar again. If only we knew what will happen. There are...

Or maybe I should ask what would people do with $130k? I asked the bank what kind of loan they can give me based on my salary of around $100k p/a. Bank will loan me $350K so I can buy for $430K if I take into consideration stamp duty etc. So much for wanting to buy for $600k in a decent...

Yeah I am keen just not sure if this is the best method to use my money. I have just moved back from being in Czech for 5 years so I know the ins and outs. I have bought and sold twice there in that time. I am just thinking for the future.

Managing the property is not an issue have all family over there. I don't really want to go the share portfolio route as that is never guaranteed. If there is a share portfolio that gurantees 8.5% per annum which one should I be looking at? I could invest here but the way the market is at the...

If AUD drops once you have bought properties the better. Lower value dollar means cheaper to buy dollar back. Or if generating rental income over there I will be buying $AUD at a cheaper rate. Higher dollar good to buy OS as it works out cheaper Lower Dollar good to sell and buy back AUD. The...

In Czech. The other thing that could go a good way is that the Australian Dollar is pretty strong at the moment so buying OS has its benefits. Then once dollar drops you could potentially sell off and buy back AUD dollars for cheaper or just keep withdrawing the rental income and buying back AUD.

Hello to all firstly! Been searching the net and it looks like I have found a great site! I'll try and make this as short as possible and make sure to include the main points. Basically I am trying to decide what the best way to make my money work. I have some money tied up in a...