nah, not an issue – just popped a couple of screens in one of my apartments for a tenant – didn’t worry me, one tenant two years, 8 minutes at Bunnings, $27.85 and 2.5 hrs later = happy tenant (with 12 month lease signed).

if its an issue for your landlord call me – actually don’t call me, i don’t have any…[Read more]

ditto the above very learned comments – i actually discusse same topic with my accountant this week – even the accountants cant get it…

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

i don’t really follow this one – if the refi was to 95%why did the LMI’er get to even look at the 80% deal? – u didn’t do it thru the same lender did u?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

yield has nothing to do with cf+ / cf-

yield is simply nett income over purchase price

(expressed as a % of course)

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

hi dazzling, just out of interest, whats an overgrown hovel worth in 2005 as opposed to the sale price in 1997 (or whenever)?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

pop into a library and find a copy of Rawlinsons Building Costs Guide – its a bible really – capable of answering your qu’s to the dollar – you can buy it of course (any good or bad bookstore).

If you can’t find it in a library then you need to find a friend who is a quantative surveyor or at least is a valuer – thats what i…[Read more]

Yes ‘they’ do check – quite commonly actually.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

from GBL
(all boys except four!)

he he – nice work! bet u can’t wait till they r all teenagers! (that is, if they already r not)

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

Fairy Land Mortgage Saver

nah, just joking – mate…we may need some more info – what you want to do based on the above is pretty ambitious….but..do you have other equity? more CASH? pm me if u like.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

doug, let it go …

“Finance I am guessing is the diffuiculty as it is 19sqm”

mate, you guessed it.

like, a garage is bigger than this, why would a lender treat it as A Class Security???

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

Originally posted by kenkoh2000:

3. Furthermore, I do not think that the Australian Govt wants to singly shoulder the responsibility of providing subsidised housing for its poor people, by itself. It wants the Australian people to help out and for this reasons alone, I think the Australian Govt is unlikely to remove the negative gearing tax…[Read more]

tell us more doug – $230/wk $95k price…. come on, what else…..managed hotel room…..student accommodation…..

why don’t you pay for it with cash? better than having money in the bank?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

most banks take 75 – 80 % as a given, some will do 100% if all properties are held by them (read mortgaged).

neg gearing is more and more common today – that is we can build it into the lending calculations.

But the ‘add back’ is only the interest costs – as you can imagine its way too hard to facilitate all the other crap that ‘happens’ during…[Read more]

possibly pick up a ‘doer upper’ in Macquarie Fields – certainly would be something to get your teeth into as as a first time investor.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

net sale proceeds generally = gen savings – I often get a copy of the old settlement statement to verify – you shouldn’t have an issue with this.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

instant gas – heats the water when u turn the tap on – small unit inside or outside – size of a suitcase – fantastic when the outlaws come to visit – no cold showers ever – don’t know how they go with bottled gas but i’ve never looked twice at my (mains) gas bill.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

hi, can you just subdivide it now – in halvsies – it will solve a lot of your probs.

also – some banks are looking closely at the joint and severable thing – so financing may get easier.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

its 2005 and garage doors should open themselves…

its more than just security and convenience – i think RC doors are one of the things that keep tenants in your place longer..less downtime on rental, less re letting fees, more stability in my cashflow.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

i’d imagine capital gains tax is calculated at the time of sale.

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane

can u buy off the plan and save on stamps?

cheers

brahms
Purveyor of Fine Finances
aka Mortgage Broker Brisbane