Recent content by albanga

Did my wife email you and ask to to give her husband back?? In all seriousness Joined this forum 1 year ago and have learnt more from it than I could ever have imagined but still have not even scratched the surface. I really hope this community continues and along with thanking Jan and Ian I...

Hi All, Sorry to keep banging on about structures but I do believe it's one of the most important aspects to property and likely the biggest most get wrong. So this question is regarding the best structure in the instance you own 1 single IP. This means no PPOR and no Split/LOC facility (we...

Well New Idea did cover their wedding and as his best man I made one of the photos. Might walk into the bank with my copy from 2011, point to my picture and say "I want an IP, heard celebs get 90% no LMI"

What constitutes a celebrity? My best mate was on series2 of the block, does he qualify? But on a serious note when the show was rating well, we did skip the line to get into Star Bar one night, no LMI waiver but it was a long line.........

Hey Accountants, I was just curious as to what formula you would use to calculate the required capital growth to offset a negative cashflow investment to break even. So the annual loss which would take into account all income received (rent & depreciation) minus all expenses. For...

How wide is your net? If you have an idea of say a 20km radius then I would suggest getting on the front foot and putting together a propery profile and get it in the hands of as many REA's as you can. On a Saturday you could get it to 30+ agents no worries. Once a propery gets listed your...

Haha love the story's! Common sense Almost never prevails! @FFCHaser - no I handled it myself which is why I won I think. I took it to two independent town planners who both told me I had little chance. On my first attempt they said NO because I would be taking away on street parking (my...

Tobe/Redom do you say 12% deposit as opposed to 10% as that is the sweet LMI spot?

@Terry, thank you very much for all your response and wisdom on this topic, your work on these forums are truly appreciated. Next time I come to Sydney I will need to buy you a scotch (on the rocks of course, not mixed with anything ;)

Just a quick little story for this Thursday. I recently battled tooth and nail with my local council to get a second crossover approved on my planning permit. After pulling of a miracle I was successful. My PP has been amended and also approval for second crossover done. Today my wife sends...

haha touche. But putting the analogy aside for a second and going back to scenario 2, if this happens is this a big issue if you immediately move the funds into redraw. This is the part I am having trouble with understanding, yes it has become contaminated but surely common sense prevails and...

This post grew legs since I last checked! @Terry - I really do understand the concept but the last thing I just want to clarify is in those scenarios when the banks do automatically place the top-up into an offset, what is the outcome in the following scenarios: 1 - New lender and a new...

Hey All, Anyone have an area assessment template they use for performing due diligence during suburb selection? I have a heap of things I look at both never bothered to document it correctly. Might be a good idea to start but was keen to see if anyone else had something that could help me...

Thanks everyone, very much appreciated.

The 150 properties was a long time ago in a very different market. To answer your question though it was achieved using very CF+ properties and a lot of vendor financing. Both those strategies in today's landscape are very hard to implement. Keep in mind if you purchase for CF then you usually...