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  1. Mccuzzle
    Post

    First IP

    All surplus cash from my income will go into offset to reduce interest payments while saving for IP number 2. There's 5 properties in the plan...
    Post by: Mccuzzle, 10th Oct, 2018 in forum: Investor Stories & Showcase
  2. Mccuzzle
    Post

    First IP

    Pretty much! We went down for settlement and had a look around. There's a few places being knocked down and new ones built. That might be the...
    Post by: Mccuzzle, 10th Oct, 2018 in forum: Investor Stories & Showcase
  3. Mccuzzle
    Post

    First IP

    To classify - the surplus cash I'm saving from other income. I'm putting that into the offset along with the rental income.
    Post by: Mccuzzle, 28th Sep, 2018 in forum: Investor Stories & Showcase
  4. Mccuzzle
    Post

    First IP

    Thanks Frank. Pretty much but there's a lot of work that goes into determining that (our plan was over 130 pages). I've studied financial planning...
    Post by: Mccuzzle, 30th Aug, 2018 in forum: Investor Stories & Showcase
  5. Mccuzzle
    Post

    First IP

    Thanks :) The plan will be to get the 4 going and then aim to have the mortgages paid out as quickly as possible before retirement (around 10-14...
    Post by: Mccuzzle, 30th Aug, 2018 in forum: Investor Stories & Showcase
  6. Mccuzzle
    Post

    First IP

    Thanks! The building inspector gave it a 92/100 so minimal work to be done before handing over to the property managers. The lawn needs a little...
    Post by: Mccuzzle, 30th Aug, 2018 in forum: Investor Stories & Showcase
  7. Mccuzzle
    Post

    First IP

    Thanks Jamie :)
    Post by: Mccuzzle, 30th Aug, 2018 in forum: Investor Stories & Showcase
  8. Mccuzzle
    Post

    First IP

    Thanks! So the plan is to park all rental income and surplus cash in the offset and save the deposit for the second IP in 12 months time.. There's...
    Post by: Mccuzzle, 29th Aug, 2018 in forum: Investor Stories & Showcase
  9. Mccuzzle
    Thread

    First IP

    Hi Team - I've finally bought my first IP :D 7 Terrigal Drive Patterson Lakes Vic 3197 - House for Sale #128982222 - realestate.com.au I...
    Thread by: Mccuzzle, 29th Aug, 2018, 20 replies, in forum: Investor Stories & Showcase
  10. Mccuzzle
    Thread

    Amendment of Super in previous FY

    Hi There, I operate as Pty Ltd company for my various contracting and other engagements. I don't do my taxes until well after the end of financial...
    Thread by: Mccuzzle, 21st Jun, 2018, 1 replies, in forum: Superannuation, SMSF & Personal Insurance
  11. Mccuzzle
    Post

    Fundamentals

    Update - I managed to get hold of: • More Wealth from Residential Property - Somers - good read and knew probably 70% of it already - good...
    Post by: Mccuzzle, 6th Apr, 2018 in forum: What to buy
  12. Mccuzzle
    Post

    Tenants behind on rent and damage

    Well one of my cars that was stolen was found burnt out at Elizabeth train station - so probably not there lol.. It's probably changed / changing...
    Post by: Mccuzzle, 28th Mar, 2018 in forum: Property Management
  13. Mccuzzle
    Post

    The Elephant in the Room

    Thanks DT - As someone mentioned in an earlier post, if they fall behind but catch up eventually, although not ideal, it's still a better outcome...
    Post by: Mccuzzle, 27th Mar, 2018 in forum: Property Management
  14. Mccuzzle
    Post

    Tenants behind on rent and damage

    Thanks for the reply. Adelaide is one of the areas I'm looking at and know the area really well. I know northern suburbs are experiencing good...
    Post by: Mccuzzle, 27th Mar, 2018 in forum: Property Management
  15. Mccuzzle
    Post

    The Elephant in the Room

    What is the minimum amount of time between someone ceasing to pay rent, and getting them evicted? Also, do you keep their bond (or the part of it...
    Post by: Mccuzzle, 27th Mar, 2018 in forum: Property Management
  16. Mccuzzle
    Post

    Tenants behind on rent and damage

    I'm just researching property investment now and find this my biggest fear - bad tenants who don't pay rent and cause damage. My thinking includes...
    Post by: Mccuzzle, 27th Mar, 2018 in forum: Property Management
  17. Mccuzzle
    Post

    Discretionary Trusts - Q's & Pro's / Con's ....?

    Hi All - Everyone says no to this point, but I'd like to check it please. If all incomes (wages, rent, investment) come through the trust, and...
    Post by: Mccuzzle, 27th Mar, 2018 in forum: Legal Issues
  18. Mccuzzle
    Post

    Fundamentals

    Thanks Y man - I’m thinking between $300k-$500k with a max 80% LVR to start with. This puts me in Adelaide and Hobart territory, probably less for...
    Post by: Mccuzzle, 15th Mar, 2018 in forum: What to buy
  19. Mccuzzle
    Post

    Fundamentals

    I tried a few calculators and they tell me I can borrow way more than I want at this stage. I’m keen to get going, but small to start with.
    Post by: Mccuzzle, 15th Mar, 2018 in forum: What to buy
  20. Mccuzzle
    Post

    Fundamentals

    Thanks for the comment, I’ll craft out a plan and review against what I read.
    Post by: Mccuzzle, 14th Mar, 2018 in forum: What to buy
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