thanks

How do I close thread.

Yes I understand and appreciate your comments but what I was asking was if there was a template, or something I HAVE to do myself. keiko pointed out that it can be done with a template and this is exactly what Im looking for mate. No offence mate, and besides you always provide very very useful advice and a forum without people like you…[Read more]

whats the price on your guy for doing a contract for sale draw up?

Spoke to someone today who works at ACT law society, and she put me in contact with someone. It turns out they sell kits, which it basically a do it yourself arrangement.

Just thought i’d share for anyone else who may be interested.

This helps more than words can explain.

And so fast, really appreciate it mate. thanks

Wow I didn’t realise that interest made such a high proportion of the initial period of the loan, outstanding.

I regret the future when i need to get a $450k loan on 7.5%, would you even be paying any principle on the first few years on a loan like that. Makes you think, its better off to save cash and buy a…[Read more]

I know there is someone smart enough to know how to do the maths, but it just aint me.

Ta

Much appreciated reply.

There is no offset account first of all, I don’t have the ability.

Apparently the interest in charged daily and added monthly, but looking at the statement it shows the interested was added as a lump sum at the end of the six month period, so it looks great my loan was going down and then all of a sudden bam…[Read more]

So this looks like for every $265.00 per week I pay, only $96.68 per week is literally taken off my principle amount?

Is that correct, that seems very unusual doesn’t it?

And no Richard Taylor from Tayloredfinancialsolutions I don’t have any building experience what are you goin on about

Anyone actually done owner building themselves and not ‘in the trade’ ? People I work with seem to be saving heaps so just looking to tap into that positivity.

I think we are leaning towards it being a no goer.

I was always curious to know do agents exist independently of real estate agencies? Or do you mean, asking an agent that works at a certain real estate agency to find you something that meets yours requirements (from the selection in their agency of course)

I just scope out properties myself, my guess is 99% of people do this but i’d…[Read more]

Which ones do you think has the greater coverage and likely to be read, i.e most cost effective to advertise in. not necessarily the cheapest.

Thanks for the reply. Ok yeah that is the catch, glad I found out what the catch was I knew there was one.

Cheers

http://www.bid4assets.com/auction/index.cfm?auctionid=500136

Wel the US certainly sounds like a great place to invest in, and with returns like that its highly positive geared and a no brainer. If its not too much trouble, do you mind telling me anything I may need to know in terms of buying a house in the US from Aus? I mean is there ANYTHING I should know, different tax systems I am sure etc.…[Read more]

Wow thanks heaps for your detailed explanation. It certainly did help and now I understand why some people prefer to do interest only loans. For me it seems like to risky a move so I’ll stick to interest and principle I think for my next property.

Also very helpful about the negative gearing info. It’s such a pity its for the interest…[Read more]

Thanks for the reply. I think this is a better option for me when I’m ready to get that second mortgage.

Cheers

Joe

What if I take advantage of the lower interest rate for a while, then is it possible to transfer my mortgage to a different lender say in a years time for eg use ANZ. Is the ability to transfer a home loan between institutions even possible? Are they any reason why this wouldnt be possible?

Thanks

Thanks for the reply. I will start looking at rural properties, because certainly in all major capital cities I have had huge problems trying to find positive cash flow properties. I think your right about the renovation/value adding but you just need to think about that right combination of cost cutting for maximum profit but thats…[Read more]

Cheers

Joe

Cheers

Joe

Joe