Yes we will use this product while we have kids and then in say 3 to 4 years refinance to 95% paying out EFM etc.

My wfe is the one with the largish income and while my income is not to bad figure we will be comfortable and have a good lifestyle with this loan

I think if you can use this to your advantage then why not give it a…[Read more]

Cheers

I remember him talking about lonelyness after he quit his job.
I emailed him a few times last year but he didn’t reply.

So was Depression what claimed his life.
It seems to be a growing concern.

The people that didn’t know him do…[Read more]

hope you have a good new year.!!!

Just do a search on potential mortgage brokers and I’m sure you will tell by the quality of their posts how good they are.

Richard is up there with the best of them

He’s not 1 to come onto the forum to drum up business and never to be heard again like a few I’ve noticed.

Cheers

I bought a property through him last year and found him to be a man of his word.

I think it also helps to buy of someone like Chad who is…[Read more]

Can you exlain to me what is so bad about using redraw?
do you mean redraw on a interest only loan,i can see your point if so.

Cheers

for transferring money i use Ozforex,there fees are about half that of the banks.
I generally allow 3 days to transfer.
As people have said make sure you can get internet access straight away.

As chad has mentioned keep a track of fees these banks use as there is usually a minimum amount you have to have in there.otherwise will incur a fee

I’d rather get at least 3 quotes unless he had done work from me before

Secondly,Make sure they are all licenced,although there are still no gareentees…[Read more]

The buyer’s agent job is only to find put forward a reccomended property that fits your criteria

It is still your responsibility to do your own due diligence such as employing a building inspector to check for defects

However in saying this I’m not sure if an inspector would check blockages such as in the down pipes.

Yes also Mini Mogul is…[Read more]

I wouldn’t let the property sit for more than 2 months with the same rental manager.some of them seem to put in abit more effort than others.
As you would know it can mean a difference between a positive and negative return over the year.

Let me know if you need another contact

i have read a few who would charge anywhere from 1000 to 6000 depending on location.

Worthwhile doing a search of the forum and seeing what you come up with.

good luck.

It’s very important to structure your loans the right way from the start.just depends on what you are trying to achieve.

Probaly worth talking to a few to get different opinions.
If it doesn’t work out give Richard Taylor…[Read more]

So are you saying as your score gets better with time you can apply for finance at a higher lVR.?
Do you think you would be able to get above th 90%?

The Positives for me in the US is the obvious.
You can buy under market without to much trouble and good returns.

The main negetive and I’m sure other people have found out is…[Read more]

I have only had to pay for it between leases only once.

We just had our unit valued in which had a renovation only a year ago.
All the valuers really cosider is the recent sales in the area.
It seems it doesn’t matter if the place has been rejuvenated or not.

Even though before reno rent would have been 210 now 240 after.

Obviously this would be different in a house depending on what it is

I’ll put a more positive spin on things.

You could start investing in commodities like Silver which is predicted to rise further.
current stocks are getting lower all the time.
The government after flooding the market years ago has started to buy it back.

so let’s hear 1 from you, so we will all be…[Read more]

Property just doesn’t burst overnight like shares.
You have plenty of time to prepare.

One note poped into my head though.

Can anyone tell me what sort of LVR will alender give you for these?
I’d imagine you wouldn’t be able to get above 80%

Cheers

Sounds like they just wanted a quick sale
How much was this property.?
2k isn’t much really.

Just don’t expect any quick cap gain.

Redwing when you hear that houses are more affordable in Brisbane than Perth than you have got to think your near the top of the market although there are…[Read more]

T o add to that you can usually buy with 10% equity in the property as well

Something I will be into more down the track.

Another way of looking at it is to buy an apartment,house and rather than sell it,refinance your mortgage then leverage into a number of properties at a comfortable LVR, then repeat process.

Make sure you set some sort of goal
Happy Investing

For US you generally are only allowed 20 to 30 % deposits and for full doc loans fees are quite high.

For NZ you can get away with a 10% deposit which isn’t to bad.

As Westan has said buying a property you are pnly half way there as it is just as important to…[Read more]

Through his recent newsletter saw a video clip in early April 2006 talking up these places,he was doing one of his property tours with clients.
It’s worth watching ,see if you can find it.

Try this…[Read more]

Yes his focus seems to be more into development in these places

in the current market don’t see the positives either buying there ,although would like a house over looking the lake and mountains.

I’ll wait a couple more years and see what happens

Cheers

He predicts strong growth to continue purely based on supply vs demand and is…[Read more]

I have heard people using a personal loan for deposits,though i havent been game to try this yet.Providing you can service this and the higher interest would work on a higher LVR

you could always refinance out if you have increased equity and pay the personal loan back to get a better interest rate after a while.

Cheers

You’ll only need 20 or 30% as deposit for Texas properties,although at 80% you will be charged more fees etc.

For finance speak to Richard Taylor as he has interests there also and would be happy to help you out with any questions.

For buying properties contact Chad Simons.
PM or email me and I’ll give you his number if you like or…[Read more]