PLC wrote:
There's a common misconception that the commission brokers receive is added to the interest rate of the borrowers product when it is far from the truth as it doesn't have any effect at all. So in effect by asking for trail commission a borrower would be asking for a cheaper rate.

In most cases I get a better rate for my client than…[Read more]

Apologies, didn't realize there was more comments to read after the first two 

Well done Jamie, nothing like turning a bad situation around for the good of all concerned.

Fine dining indeed. 

Why has he gone to Liberty as they are generally a lender of last resort?

Have you been declined elsewhere? 

Has he tried any other banks?

Without knowing the specific dynamics of your financial situation inclusive of future goals both short medium and long term have you considered purchasing the IP at 90% or even 95% therefore preserving capital for the next purchase?

Brazen wrote:
IAs far as university accommodation goes, this is an excellent idea. Check this design out for students: http://www.grannyflatapprovals.com.au/granny-flat-designs/3-bedroom/

The Student design here is getting the owner around $800 per week. It's near a university in Sydney.

Brazen.

Hi Brazen,

That looked fantastic .What is…[Read more]

starsoid wrote:
We've got 40K in savings, and are adding to that at approx 1-2K per month.

We also want to start a business in the next couple of years, which will involve approx 20K of capital investment. This business would be in a different location to where we're living now, so would also involve a move to a regional area. We'd like to keep…[Read more]

kirbonavich wrote:
Currently I only own 1 investment property and live with the in laws (it's a big house so its bearable). It is more cost effective for my partner and I to buy another property or two in the near future and providing that they aren't all untenanted at the same time, for a prolonged period of time we will be able to service to…[Read more]

kirbonavich wrote:
Currently I only own 1 investment property and live with the in laws (it's a big house so its bearable). It is more cost effective for my partner and I to buy another property or two in the near future and providing that they aren't all untenanted at the same time, for a prolonged period of time we will be able to service to…[Read more]

kirbonavich wrote:
It is interest and principle. I don't believe in the interest only dribble. 

LOL, thats an interesting way of putting it.

Do you ever intend to own or already own your own property to live in aka PPOR?

Have some friends of friends who recently purchased a property through Members Alliance. I had never heard of them until they mentioned it. I decided to do some research and after a few minutes came across this thread and many other sites with what would you say, negative press!

Would be interested to see the finance structure as well as…[Read more]

Hi David,

Is your IP loan on interest only or principal & interest payments?