Pre APRA/ASIC was a simple process, now it requires a full-blown assessment equivalent to a brand new application.

Ask a broker to complete a preliminary assessment to see what’s possible and at the very least they can guide you in the right direction if you are not qualifying just yet due to the downturn and being self-employed.

Plenty of…[Read more]

Pre APRA/ASIC was a simple process, now it requires a full-blown assessment equivalent to a brand new application.

Ask a broker to complete a preliminary assessment to see what’s possible and at the very least they can guide you in the right direction if you are not qualifying just yet due to the downturn and being self-employed.

Plenty of…[Read more]

Cant say I have ever heard of it, I do have cash flow properties that are also increasing in value (the golden goose) so I will claim the title :)

Can t say I have ever heard of it, I do have cash flow properties that are also increasing in value (the golden goose) so I will claim the title :)

TerryW is your man, assuming he is still taking on clients?

TerryW is your man, assuming he is still taking on clients?

Terry W is your man, assuming he is still taking on clients?

Do you not qualify for a bank loan?

What you are offering is light on as Richard stated and no one will accept those conditions. If you came with an unencumbered piece of land and wanted to construct would be far more realistic, at least you are trying though.

There are three basic investment vehicles;

1. Property
2. Shares
3. Term deposits

Best to start educating yourself around these vehicles and how to drive them.

Crown offers a service where they manage your money as well.

Sadly, most of us investors learn that one the hard way, it is possible to avoid altogether with the right guidance from a reputable mentor.

Soundpost for a newb to read, digest and apply.

Sadly, most of us investors learn that one the hard way, it is possible to avoid altogether with the right guidance from a reputable mentor.

Soundpost for a newb to read, digest and apply.

My thoughts are to consult a reputable and experienced mortgage broker in your area and let them do their thing so you can do yours, or not?

It’s itemized in WA and they give you an option of paying 100% upfront for a small premium they let you pay it off in installments.

My property manager does this all for me, so no need to stress about it personally.

If you are not planning on selling for 12 months and won’t be able to title for 6 months due to paying off the OSC then it gives you 6 months to get titles ready in order to sell the units individually, cant see anything obvious that will prevent this happening?

What area/s are you looking in as this will determine a local BA to recommend?

You have the rate offered to you and then the assessment rate that varies between 5 to 8% so choosing a lender/product with a lower assessment rate can bump up borrowing capacity somewhat.

That’s a nice result, kudos.

The agent will know what the reason is, whether he will disclose or not  (doesn’t sound that way) is the test. Go back and ask him/her why the seller doesn’t allow a building inspection.

@Chief Wigam Try Peter Trusteeg from Sage Finance