Hi Demetrius

Welcome to the forum.

There's a sticky thread here somewhere that has suggested reading material – I can't remember if any were E-books. If you do a search for it, you should be able to find it.

Cheers

Jamie

Totally agree with Richard on the interest only for both suggestion.

I'm an advocate for interest only against all properties, including the PPOR – with an offset attached to it.

This structure provides maximum flexibility now and in the future.

The only time it doesn't work out so well is when the investor isn't good with money and will simply…[Read more]

Hi John

The first thing you should do is find out why AMP are taking so long – this will help to determine whether the issue would present with other lenders as well.

Your broker should be able to find this out by putting a quick call into the helpdesk and asking to speak with the assessor assigned to your file.

Cheers

Jamie

Was able to get a couple of 90% lends approved quickly with ANZ for a client working in Afghanistan recently.

If you have a power of attorney in Aus, that will speed things up a lot.

AMP have reasonably quick turnarounds at present – do you know why they're taking so long on your file?

Cheers

Jamie

Personally, I don't have an issue with high LVR's and believe they can work well for those with the appropriate risk profile and age on their side.

Likewise, I don't have an issue with LMI and see it as a cost of doing business. Without leveraging LMI earlier on, I wouldn't have been able to build my portfolio.

Here's an article that I wrote for…[Read more]

Further to Derek's good comments – financing may be an issue too depending on the size of the town.

Cheers

Jamie

Hi Angel

At last look I think there's only one lender that will provide finance for it which doesn't evoke a lot of confidence in the scheme.

Cheers

Jamie

hemi3000 wrote:
Wow, James and the team are so up my ally, what a great vibrant group, love there goal settings – that's a big client drawer.

Thank you so much Jamie

Hemi

No worries – you'll be in good hands.

Cheers

Jamie

Hi Cunnin

We've got a heap of links on our website – there might be something that can assist.

http://www.passgo.com.au/property-data-websites.html

Cheers

Jamie

A strong application can mean good borrowing capacity, a good asset position relative to age, minimal consumer debt and a low number of credit enquiries on your file.

Do some searches on Off the Plan or OTP – there's a lot of cons (as well as some pros) to consider.

Cheers

Jamie

Like Catalyst said, a local cabinet maker should be able to assist. If possible, it might be best to get them to measure up the doors so you don't end up with odd sizes that don't fit.

There's also a few online companies.

Cheers

Jamie

Interesting read – thanks for sharing.

Cheers

Jamie

Hi Hemi

Welcome aboard.

You don't need to travel for the best advice – these days everything is done via email and phone.

You'll be hard pressed finding a financial advisor that will advocate property investing. A decent mortgage broker who understands investment property structuring and actively invests themselves would be a better option (yes…[Read more]

Tread carefully when fixing all of your loans.

What are your future property plans? Are you looking to accumulate more? Do you think you'll need to access equity at any point within the next few years?

You don't want to lock yourself in with a lender now and then find out that they're not conducive to your investment needs later – because…[Read more]

MMB wrote:
Is Landlord insurance necessary? Is anyone able to provide recommendations for this? Thanks MB

Yes!

There's a number of companies that offer it – read their policies to make sure they cover what you require.

Cheers

Jamie

Hi again Sam

Chances are they'll have no idea about what you're aiming to do – it sounds harsh but it's a reality in most branches.

Richard Taylor who responded above will be able to set this up properly for you and you won't have to worry about the branch staff making a mess of your loans.

Cheers

Jamie

Thanks for the kind words Jac M

2earlyor2L8 – do you have any non-deductible debt like an owner occupied property, personal loan, credit cards, car loan, etc?

If so, you really want to knock this debt on the head first.

If you don't have an owner occupied property right now, are you planning on purchasing one in the future?

All in all, IO…[Read more]

Haha – easy guys, he's got 10 to 15 years on me.

Cheers

Jamie

lol – Dubsteps comparison pics have disappeared so people are going to think I look like Ed O' Neil aka Al Bundy.

Cheers

Jamie

Hi Sam

Personally, I'd extract that equity before fixing a portion of your loan.

You don't want to fix now and then find out that the bank you're with won't allow you to access equity for whatever reason.

You also need to be careful about PPOR loans and redraw – there could be taxation implications here.

Cheers

Jamie