Hi Rob,

The other comment I would make is that some customers seem to have a ‘loyalty’ to a bank on the mistaken belief the loyalty will always be reflected in the deals the bank will do for you.

Obviously this is not the case for so many bank customers.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Originally posted by The Mortgage Adviser:
I would like to hear some feedback about why people pay more than they should on items that cost them so much money…

Hi Rob,

Speaking from personal experience the reason why we didn’t change lenders was my own ignorance.

Up until some time ago when my learned broker corrected me I was under the…[Read more]

Originally posted by peterrowe:
I have just watched the Channel 7 programme tonight about property investment and as a result went and found your website and joined.

Welcome aboard Peter and I am sure that you will find there are many people here who can offer you some sound advice and comment.

My wife and i have been thinking for some time…[Read more]

Originally posted by kstar:
– it is depressing to think you’re stuck in a bad situation – now I see a light at the end of the tunnel – I hope we can find a mortgage broker who can help us

Hi Kstar,

The brokers are out there and there are a number of regular posters who could be of assistance. Bear in mind not all brokers are created even and I…[Read more]

HI Frank,

PM ‘mortgagehunter’ he is a mortgage broker and investor based in newcastle area.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Originally posted by pad1:
I like many others am new at all this and have dived into my investment career with a darwin house and $270k mortgage. My gut feeling is to pay it off asap and own it outright
any thoughts

I am an I/O investor and will remain so while we have a non-deductible debt on our own home. Once this is paid off then we’ll…[Read more]

Hi Yack,

Have some more time on my hands (on holidays) so I now have some time up my sleeve.

2004 – The Year That Almost Was.
Moved to new school and immediately saved 1hr per day in travel time.
Reduced PPOR loan by 25% from 12 months ago.
Eldest daughter obtained scholarship and moved to Perth to study for final two years of school.
Current…[Read more]

Check out the following thread for an idea of what people have read and how they reacted to the book.

https://www.propertyinvesting.com/forum/topic/6845.html

You need to identify what you want to achieve for your investment goals. This is a critical stage in the journey you are wanting to follow and the more specific you detail your goals the…[Read more]

Hi Leewh,

Congratulations on wanting to improve your ‘lot’ – already you are a step ahead of many people in Oz.

To me the key issue for you both to address is where is your current income going? I always advocate people investigate their current habits to see if they are living within their means, inclusive of having some funds to regularly…[Read more]

Originally posted by eddiec:
I think I’m pretty much ready, so I will:

1. Start looking for a property (I have no idea WHERE to start though … thought I might just flip through the paper on the weekend).

2. Start talking to mortgage brokers to obtain a pre-approved loan.

Sounds like a reasonable move?

Hi Eddie,

I would reverse these two…[Read more]

Hi Eddie,

I certainly recommend you get linked up with a broker for your financial needs. They will be able to align you with the bank that has the best product and range of products for your short and long term needs.

We were a bit like you and were very focussed on paying off our home loan before embarking an investments for our future. Did…[Read more]

Hi Booboo,

I would be taking great pains to ensure the ‘retired folk’s’ money is secured.

I am sure this is not the case but I could imagine the headlines ‘Shyster Booboo Strikes Again – Rips Off Old Folk Again’ if things went awry.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Hi jdnat,

You’ll need to watch for fees, management issues and rights, LVR issues and refinace issues and that is before you start analysing the property for growth and cashflow issues.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Try also

https://www.propertyinvesting.com/forum/topic/14329.html

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Originally posted by femaleage20:
So the big question….do I pay them $10,000 in commision or attempt to do it ourselfs? Our town has a pop of about $30,000 and houses sell quite quickly so not worried about time it’ll take just wether or not we can do it as good as them!

Just a personal though and no direct experience to back up my…[Read more]

Hi Joe,

Just adding my little bit to the discussion.

There is significant redevelopment and infrastructure valued at over $2 billion at the commencement stage. With Coomera projecting an 8 fold increase in population in the next 20 years.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Thats pretty much it.

However stage one can see cash substituted with someones else’s equity (check legal ramifications first).

And step two can be hastened through renovations and/or paying down some of the loan.

Ultimately the exact chain of events is determined by your individual plan and position.

Derek
derekjones1@bigpond.com

Property…[Read more]

Hi Ozi,

I ditched my Canon inkjet for a Kyocera Laser Printer about three years ago and haven’t looked back in terms of print costs.

Derek
derekjones1@bigpond.com

Property Investment Support Available. Ongoing and never stopping.

Hi Bodyworks,

Please note that I am not a broker so please take what I say with a grain of salt.

From a lending point of view you are very strong in terms of security even though the ‘farm’ will only be secured at a lower LVR level than your IP. A discussion with a good broker will be able to determine you true borrowing capacity.

Bear in mind…[Read more]

Recommend you do a search on ‘trusts’ as the topic has been discussed at length previously. Check out the ‘link’ under forum boards to the top left of screen.

You can also go to http://www.gatherumgoss.com and order a book called ‘Trust Magic’ – could be the best $99 ever spent.

Derek
derekjones1@bigpond.com

Property Investment Support Available.…[Read more]