I’m about to apply to a UK bank for a remortgage against a home I own in London. This bank does not operate in Australia but offers expat mortgages.
Should I disclose my neutral geared property investments and shares in Australia to them? Will this hurt or help my application? Can foreign banks check credit history in Australia?
astroboy71 replied to the topic Seeking a copy of Dean and Elise's Renovation Tool Box in the forum Value Adding 4 years, 3 months ago
Check out the buy, swap & sell section of the forum
Seems to be a few copies floating around out there for sale, but couldn’t tell you if they’ve already been bought or not.
astroboy71 replied to the topic What are the hot topics in property at the moment? in the forum General Property 7 years, 12 months ago
Some further topics that I would want to read:
– How to assess landlord insurance
– Property mobile app of the month (something different than just your run-of-the mill apps).
– Where the Federal and State infrastructure $ are going
And just in general be clear on downside risks in all of your articles. I think property successes gets trumped far…[Read more]
The developments I was shown had hundreds of units. I think the estimated rental values are probably correct prior to the unit block completion, however when there is a sudden flood of rental stock on the market those estimates would undoubtedly come down.
If you have mortgaged IPs held under your name I can only assume that when you die your bank will sell them rather than allow you to give them to somebody in your Will. My logic is that they don’t know the credit history of whoever your beneficiaries so why would they allow the mortgage owners to change name (?)
Therefore I imagine this would be…[Read more]
Thanks for your comments (and everybody else's!).
To start a portfolio, at some stage you would have had to have ramped up with little or no equity and THEN made the decision at some point to pay them down?
Otherwise, how could you pay down AND save for further deposits to expand the portfolio?
I can see how as you pay them down…[Read more]
I would go with JacM's advice about doing it yourself and bumping up the rent & claiming depreciation.
I was considering it the other day in fact. An electrician told me to go with the dual light/fan combo with a remote control…the remote control means they would not need to install an extra earth wire, therefore install costs are substantially…[Read more]
I've never used it but recently came across http://www.homesales.com.au which allows you to search broad areas (eg. NSW) under positive or negative cashflow deals, specifying how much % you want from the yield. It sounds ideal for cashflow investors but I can't be sure of the accuracy (ie. where they pull their data from). Guess it also depends on how…[Read more]
astroboy71 replied to the topic Olympic dam expansion no more. Whats going to happen to property prices? in the forum Help Needed! 9 years, 1 month ago
The cynic in me says that Mining companies are really just holding out for a change in federal government. One that will repeal the mining tax. And perhaps they are single handedly trying to lower the Aussie dollars value to improve profits…?
I have seen the head of BHP say on tv that they predict Chinas demand for minerals will increase in…[Read more]
Yes, I've been thinking that way too which is why I went to the seminar.
With a buyers agent there's usuually a hefty fee though whereas this company gets their payment from developer commissions.
To be fair they did say to think of them as a different kind of real estate agent rather than a buyers agent