Broker HQ is great like google for finance.

Connective seem to be the best value as an agregator so may be worth exploring further.

Via my aggregator, AFG.

I have three mentors that all specialize in different areas of the finance business. Commercial, business and property investment, my favorite being the latter. 

I'm for the most part autonomous across all three but still great to get a different perspective when required.

Wouldn't be where I am with out them and I know they enjoy watching me…[Read more]

AFG software is called FLEX. The only people that think its any good is the people who don't use it!

It gets the job done but usually takes a fair bit of trial and error to get used to the idiosyncrasies. 

It is a $60/month fee for the privilege. The only other fees are your PI, COSL and MFAA or FBAA membership.

You will be on a split with the…[Read more]

Big risk to take for a fee?

Only one of the big 4 that require two years experience is the CBA unless things have changed or it it may just be your aggregator. 

I started with AFG and could write deals from the get go with he other three. 

Your current LVR is 93.5%. Some lenders will let you go to 95%. Add LMI into the mix which usually caps out at 97% cant see you have much room to move? 

http://www.audible.com has some good books on real estate, investing and most importantly mindset.

First download free then various subscriptions to choose from.

Cant find any Aussie stuff but still worth a look imo. 

If you intend to buy more property and retain your first one as an IP then get your loan structure right from the outset.

Go interest only with a linked offset and use the offset as a savings vehicle for your next purchase. 

When you complete your mortgage docs (if you have a broker they should help you if not the branch will) you will complete a DDR or direct debit request form.

You can nominate an OFI account on this form therefore only having to maintain one transaction account for all monies in and out. Way to go! 

My attempt at humour was lost in translation or perhaps the words I chose?

Jamie M wrote:
I've spent over $100 on sample pots in the last week

I got a whole box of those in the shed that the missus bought. More than $100 wroth though. Makes me blow a little bit of steam every time I come across them 

Thanks for sharing Terry. 

A commentary on gifting funds in order to be deductible would be nice 

Many PMs are overworked and underpaid and under appreciated which usually results in a high IDC factor. 

Always think "what is the purpose of these funds"?

If for investment generally it will be deductible regardless of what it is secured against. 

Terryw is correct in regards to the structure as it is not always the case. 

How do you know there is no equity? 

If you are working to a timeframe and need the surplus funds then borrow if not do it piecemeal. 

tommytucker wrote:
Wanneroo, WA. Working class family suburb.

Thats where I live but in the posh part 

Qlds007 wrote:
Hate to say Colin no such Govt ran scheme in NSW, QLD or VIC

2 million inhabitants contributing 15% of the GDP must make us eligible for low cost government housing loans

Seen it go both ways. 

You will need to have a contingincey plan in place if the val comes in lower than the purchase price which is common.

A 10-20% buffer for such an event is highly recomended. 

If you can find a block of four units and zoning allows for a strata plus figures stack up  then it can be a good strategy.

Got to agree with Richard.

Im sorting one out as we speak as well. Cheap rate bad advice and poor structure.

Many are backed by securitised lenders and prices will no doubt go North as the economy cycles.