PropertyInvesting.com | cubman09 | Activity https://www.propertyinvesting.com/members/cubman09/activity/ Activity feed for cubman09. Sat, 11 Apr 2026 17:42:22 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 c4c2a9e3dc409a55b23634198f6830eb cubman09 replied to the topic Best property investment lender for the self employed? in the forum Finance https://www.propertyinvesting.com/topic/4405952-best-property-investment-lender-for-the-self-employed/#post-4664389 Mon, 11 Jun 2012 10:39:46 +0000 RIchard,Its not advertised is it, so you just have to ask i suppose?Regards,AM

]]> a2c070dec42fedf20a19beece4682cac cubman09 replied to the topic Best property investment lender for the self employed? in the forum Finance https://www.propertyinvesting.com/topic/4405952-best-property-investment-lender-for-the-self-employed/#post-4664384 Sun, 10 Jun 2012 03:26:49 +0000 Hi Richard,Must not be a mainstream as QBE and Genworth policy doesn't allow.May i ask who? As he would be very unlikely.AM

]]> d57dad7e15ad49c382bb7405588dfe99 cubman09 replied to the topic Best property investment lender for the self employed? in the forum Finance https://www.propertyinvesting.com/topic/4405952-best-property-investment-lender-for-the-self-employed/#post-4664382 Fri, 08 Jun 2012 10:23:54 +0000 Hi Peter,Very hard to get a loan with one (1) year of returns considering you would not have lodged the current return for the business and would be all based on your PAYG income (i assume) prior to purchasing the business in Sept 2011. Especially at 90% would be impossible.But, at 80% should you have been within the same industry from PAYG to…[Read more]

]]> 10cdc3bf5a2892379ba0a795efb17579 cubman09 replied to the topic Who will loan to SMSF to borrow for property at 40% LVR? in the forum Finance https://www.propertyinvesting.com/topic/4405812-who-will-loan-to-smsf-to-borrow-for-property-at-40-lvr/#post-4663347 Fri, 08 Jun 2012 10:16:16 +0000 Hi House Call,Pretty common product nowadays with most banks and lenders getting a part of it. Best to look around as they are definately out there at that LVR.AM

]]> f8dc35a8a5e49c1f8d9dd93d8a89ba10 cubman09 replied to the topic Studio Apartments (less than 50sqm) in the forum Finance https://www.propertyinvesting.com/topic/4406765-studio-apartments-less-than-50sqm/#post-4671245 Fri, 08 Jun 2012 10:13:26 +0000 xdrew wrote:
Kirsty .. I would be repeating myself if I said that your current option for purchasing a unit under 50sqm is a bad idea .. i've written almost the same thing over and over on this forum regarding that option.

 Hi Kirsty,Very much agree with xdrew on this one. Most lenders keep it at 40-50m2, but this small is not much interest…[Read more]

]]> 9c5a0a2962bd0addc1588380ee358e18 cubman09 replied to the topic 85% finance in the forum Finance https://www.propertyinvesting.com/topic/4406779-85-finance/#post-4671302 Fri, 08 Jun 2012 10:07:58 +0000 Hi Keiko,Also, with 85% you could have LMI as you also wont need to demonstrate 5% genuine savings and may be able to obtain the LMI from family etc.AM

]]> 3aef92de4a681092fba563a228f1a516 cubman09 replied to the topic bank holding up settlement in the forum Finance https://www.propertyinvesting.com/topic/4401843-bank-holding-up-settlement/#post-4635900 Thu, 11 Nov 2010 12:23:36 +0000 Its frustrating but as Terry & Richard say it is extremely common.The banks will delay settlement for as long as possible in order to obtain some further interest payments. Look at CBA have a 30 day discharge notice and are no flexible on this in most circumstances as they want to make money.I had the same situation were my property settlement was…[Read more]

]]> 2e05df2c6cd2feb3035c1b060f5ecb57 cubman09 replied to the topic LMI Question in the forum Hi Matt, What a complete https://www.propertyinvesting.com/topic/4401844-lmi-question/#post-4635910 Thu, 11 Nov 2010 12:15:39 +0000 Hi Matt,What a complete load of crap Adelaide Bank are spinning. If anything if you have not been with Adelaide Bank that long you can possibly seek a refund as the LVR is now <80% on Full Doc (PAYG) loan.I would look to refinance straight away as the loan is provided by Adelaide Bank, however as Genworth provide the Lenders Mortgage Insurance…[Read more]

]]> 00b1b48bcf8249d89e64612bd56e0e08 cubman09 replied to the topic Two lenders or one in the forum Finance https://www.propertyinvesting.com/topic/4400190-two-lenders-or-one/#post-4625749 Wed, 16 Jun 2010 22:11:51 +0000 But i can withdraw littler amount so it is a lot more flexible. A lot more flexible. Sorry Banker do you work with CBA?

]]> 8d1ce84526f5bc18e1f5a19091f6d48c cubman09 replied to the topic Two lenders or one in the forum Finance https://www.propertyinvesting.com/topic/4400190-two-lenders-or-one/#post-4625745 Mon, 14 Jun 2010 02:40:51 +0000 I reckon the Westpac Rocket is brilliant for your means. I love the flexibility.Regards,Andy

]]> ad2f53828312dd2db03b58a6f7c3b004 cubman09 replied to the topic Home loans drop to 9-year low in the forum Home loans drop to 9-year low https://www.propertyinvesting.com/topic/4400184-home-loans-drop-to-9-year-low/#post-4625721 Mon, 14 Jun 2010 02:37:26 +0000 Definately seeing a drastic decrease across the board. A lot of the mortgage brokers i speak to feel the same way. There are a lucky few at the moment, but banks are becoming more restrictive. But i think thinks will look up later in the year.

]]> a8608c4264a4048940e8d119b492ed7a cubman09 replied to the topic Troubling Situation in the forum Help Needed! https://www.propertyinvesting.com/topic/4398377-troubling-situation/#post-4614775 Thu, 14 Jan 2010 11:43:34 +0000 Hi Sonya,They have contributed equally. Do i take the profits and run as i have been told you should never sell. Six years and the growth is about $90K, They will inherit the property anyway, so we can diversify into further investments and look to use that later on. We also have to weigh up the tax benefits that help at tax time.Should we go and…[Read more]

]]> d85e2dbbe9befd6d3a4d33d637563a88 cubman09 replied to the topic Low Doc Loans to 80% without LMI in the forum Finance https://www.propertyinvesting.com/topic/4397981-low-doc-loans-to-80-without-lmi/#post-4612419 Sat, 19 Dec 2009 10:44:43 +0000 Im not in the position to argue with you. LMI can be very expensive and you should know of the lenders mate.Maybe have a look around as i know of a few and its not a risk fee. Its an Application Fee. Various banks/lenders have a risk fee which is seperate to this as you should well know.The person wanted some information about 80% Low Doc and its…[Read more]

]]> 21753ee9809da3aa84377b8a118b660f cubman09 replied to the topic Appealing a valuation in the forum Finance https://www.propertyinvesting.com/topic/4398000-appealing-a-valuation/#post-4612495 Sat, 19 Dec 2009 10:25:22 +0000 Basically, it is done for the purposes of lending for the lending institution. The borrower has no legal right to have the report released. It is the lending institution who ultimately decides.

]]> 91b18bb36478a9455db9d05d5963f81e cubman09 replied to the topic Low Doc Loans to 80% without LMI in the forum Finance https://www.propertyinvesting.com/topic/4397981-low-doc-loans-to-80-without-lmi/#post-4612417 Sat, 19 Dec 2009 00:02:03 +0000 Richard,Hate to say it then you are not giving your customers the service they ask for.There is no risk fee. 1% App fee. Thats it. Have a good one.AM

]]> 1f5ddbd7f1a3185566fb32d7cbbd2bdf cubman09 replied to the topic Investing. What to do? in the forum Thanks Richard, Will keep in https://www.propertyinvesting.com/topic/4397952-investing-what-to-do/#post-4612279 Thu, 17 Dec 2009 12:23:00 +0000 Thanks Richard,Will keep in mind. Any other tips. Will contact you in the new year.Kind Regards,AM

]]> ec5c50d347524c6c782b003b974d4cfd cubman09 replied to the topic Thinking of buying first IP in the forum Loose Nut, Discuss with your https://www.propertyinvesting.com/topic/4398102-thinking-of-buying-first-ip/#post-4613096 Thu, 17 Dec 2009 12:21:27 +0000 Loose Nut,Discuss with your Accountant is the best bet. In QLD possibly!Kind Regards,AM

]]> c614818dddba9a162563177ac645b31c cubman09 replied to the topic investment partners in the forum Etty, Terry is right. This https://www.propertyinvesting.com/topic/4398100-investment-partners-2/#post-4613088 Thu, 17 Dec 2009 10:49:23 +0000 Etty,Terry is right. This could be a major stumbling block especially if it gets nasty. Have seen it happen before.Have an exit strategy in place as that party who doesnt want it anymore may stop making payments etc. Caution and your due dilligence should be paramount.Kind Regards,AM

]]> 702a97d6381eff29b9e090a9cf194e47 cubman09 replied to the topic Thinking of buying first IP in the forum Hi Loose Nut, My brother has https://www.propertyinvesting.com/topic/4398102-thinking-of-buying-first-ip/#post-4613094 Thu, 17 Dec 2009 10:41:33 +0000 Hi Loose Nut,My brother has moved out of his PPOR and is living with me at the moment as he has moved back from Perth to VIC and renting out the property. His Accountant has advised him of something similar to the 6 year rule, but it all depends on how long you have resided in the PPOR before changing it to IP believe and he can sell within 2…[Read more]

]]> 3140796aa11b19afdecca414d0d7c85c cubman09 replied to the topic Legal question: Is it possible to sell a property you don't own? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4398006-legal-question-is-it-possible-to-sell-a-property-you-dont-own/#post-4612519 Thu, 17 Dec 2009 10:11:49 +0000 Hi All,Under the AML/CTL legislation it is far more difficult. Kind Regards,AM

]]> fd6c302977708c193e59a712e4b6e1d9 cubman09 replied to the topic Low Doc Loans to 80% without LMI in the forum Finance https://www.propertyinvesting.com/topic/4397981-low-doc-loans-to-80-without-lmi/#post-4612415 Thu, 17 Dec 2009 10:06:42 +0000 Hi Richard,I beg to differ it is not a requirement and is offered at 80% without LMI. It is at the lenders discretion and there own risk. The lender does not require BAS or trading statements if an Accountants Certification is obtained.Kind Regards,AM

]]> b33c4b3a5917a36c42de011ee96641b2 cubman09 replied to the topic Appealing a valuation in the forum Finance https://www.propertyinvesting.com/topic/4398000-appealing-a-valuation/#post-4612491 Thu, 17 Dec 2009 09:42:48 +0000 Hi Sienna,Matt is most correct on this one. Being from a lender it is extremely difficult if not impossible to have the valuer adjust his valuation. Most lenders will not allow a 2nd valuation as the process will just continue if your not happy with that one also.Most people make the mistake of getting a real estate appraisal and honestly the…[Read more]

]]> 110300fb69bc056e0e69dcbc7f01e588 cubman09 replied to the topic ANZ Bank - Incompetence and Fraud in the forum Finance https://www.propertyinvesting.com/topic/4398026-anz-bank-incompetence-and-fraud/#post-4612628 Thu, 17 Dec 2009 09:34:57 +0000 Hi Guys,ANZ are having a lot of trouble with issues like this as there processing has been partially transferred offshore. I would be in touch with the Ombudsman.Kind Regards,AM

]]> 6ed70dec84556e102ae202859340be25 cubman09 replied to the topic Low Doc Loans to 80% without LMI in the forum Finance https://www.propertyinvesting.com/topic/4397981-low-doc-loans-to-80-without-lmi/#post-4612413 Thu, 17 Dec 2009 09:29:33 +0000 Hi Guys,I know a lender that will look at 80% Low Doc without LMI Clear credit. They only require a Repayment Declaration and Accountants Letter. If you try to obtain the Accountants Letter and are unable they will ask for six (6) months trading statements. No Doc is dead. Anyone lending that way would be mad.Kind RegardsAM

]]> cd1c92a7417a973e70a3aa6e6d5c2cbf cubman09 replied to the topic Happy with your bank? in the forum Commercial Property https://www.propertyinvesting.com/topic/4398057-happy-with-your-bank/#post-4612835 Thu, 17 Dec 2009 09:22:53 +0000 Hi YI,Parkdale VIC you live. Yes, she does have the cash. A large inheritance from a friend covers this. How can we get into more property investing. I am a bit stuck in a rut with the new family.Kind Regards,AM

]]> cf45307d35efef162a35a6d5c10ea0a8 cubman09 replied to the topic Happy with your bank? in the forum Commercial Property https://www.propertyinvesting.com/topic/4398057-happy-with-your-bank/#post-4612833 Wed, 16 Dec 2009 06:49:26 +0000 Hi YI,I am a 30 y.old with a young family. Just want some advice as i am struggling to get started with investing as to be honest i work in the lending industry and my wife has been on maternity leave returning in the next few months. My situation is the following:PPOR – EMV: $440K (Debt: $210K) in TRARALGON VIC (Owned by my wife and me)IP – EMV:…[Read more]

]]> 6dec014cdb1863706939f35e88cb248c cubman09 replied to the topic Starting out. What way to go? in the forum Oh well. Your decision. Not https://www.propertyinvesting.com/topic/4397942-starting-out-what-way-to-go/#post-4612057 Thu, 10 Dec 2009 10:40:44 +0000 Oh well. Your decision. Not a fan as i would rather get a higher lend on Melton and even purchase another security with the funds i have left over. Good luck.

]]> baf293488b1ef067bd0858ee6188a5ba cubman09 replied to the topic Finance dilema! Contract signed no finance. in the forum Help Needed! https://www.propertyinvesting.com/topic/4397953-finance-dilema-contract-signed-no-finance/#post-4612284 Mon, 30 Nov 2009 12:08:06 +0000 Maybe a lender can help instead of a bank.Andy

]]> 84d6621a866b64a7b0d36ad0f9cbba21 cubman09 replied to the topic Starting out. What way to go? in the forum Help Needed! https://www.propertyinvesting.com/topic/4397942-starting-out-what-way-to-go/#post-4612041 Mon, 30 Nov 2009 10:50:12 +0000 Hi Michael,Richard is right. The 1 brm unit should be over 50 sqm in size in order to obtain a 70% plus LVR. Anything from 40-50 sqm maybe 60-70% were you can get up to 95% on Melton property on a Full Doc loan. If the property is serviced or under a management agreement or high rise development also affect the 1 brm unit. Ring a few lenders or…[Read more]

]]> b23ef8cac50ee95ad27adae3a4f49791 cubman09 replied to the topic Real Estate commission on rentals in the forum Help Needed! https://www.propertyinvesting.com/topic/4397949-real-estate-commission-on-rentals/#post-4612107 Mon, 30 Nov 2009 10:04:29 +0000 6.6% in Traralgon VIC. Negotiated on the price though.L.AHappiness is made. Try making some.

]]> 42d9008208ffbf2a270fc45d10ec41fa cubman09 replied to the topic Property address confusion in the forum Finance https://www.propertyinvesting.com/topic/4397855-property-address-confusion/#post-4611597 Sat, 21 Nov 2009 12:31:57 +0000 Very touchy the mortgage insurers now days. The valuation may have read noise pollution and that is now a reason for them to decline. Is the loan a Low Doc or Full Doc? What LVR? My dealings with the mortgage insurers know days are nightmarish. The valuer should have really noted the report is known by two (2) addresses. Let me know if i can help.L.A

]]> ef92ab20c163f9636ef6a8fcd75c470e cubman09 replied to the topic Company as Trustee - Serviceability Issue in the forum Finance https://www.propertyinvesting.com/topic/4397873-company-as-trustee-serviceability-issue/#post-4611709 Sat, 21 Nov 2009 12:27:05 +0000 This is a common structure of ABC Pty Ltd ATF The ABC Family Trust with ABC Pty Ltd, Mr ABC and Mrs ABC as guarantor. A lot of people will set up a Special Purpose Vehicle (SPV) for the purpose of acquiring the property etc that may specifically deal with the property investments.It is definately an option you could nut out with your Accountant. A…[Read more]

]]> 24e26215f4274fdf1a248ff467ba8f2b cubman09 replied to the topic Guarantor Loans in the forum Finance https://www.propertyinvesting.com/topic/4397871-guarantor-loans/#post-4611697 Sat, 21 Nov 2009 12:20:35 +0000 Nix340,You will be hard pushed to get finance for a servicing guarantee as Terry says. I dont know of anyone nowadays that will do a income or servicing guarantee. You can use your partners parents property and as Terry says they will have to refinance any debt over to the lender if they have a debt associated with the property. This is known as a…[Read more]

]]> 58bc3471c7eade5d27f11fd2ca3699bb cubman09 replied to the topic Investing in over 55's apartments in the forum General Property https://www.propertyinvesting.com/topic/4397107-investing-in-over-55s-apartments/#post-4608523 Mon, 31 Aug 2009 10:47:57 +0000 Lenders and Banks are a bit touchy when it comes to these securities. LVR's vary. No differences in relation to structure of the loan, however its your LVR that is reduced.The ugly is it has a limited market at the Over 55's, so it is all dependent on researching the area to ensure there is a high demand. To be honest you dont want to be…[Read more]

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