Agree with Richard. 90% of my clients are interstate.

Internet and phone is all you need – with those two things, you can use any broker in the country.

I’m actually sitting in a hotel room in Kuala Lumpur right now finishing off an application for a forum client who’s in Perth!

Shoot Richard an email – he’ll help you out.

Cheers

Jamie

I pay about $1k per year.

Cheers

Jamie

Hi Beebob

Will the next purchase be an IP?

If so, by placing the cash from the offset back into the loan and reborrowing it for the IP, you’ve made the entire debt tax deductible. If you used cash for the deposit/costs, it wouldn’t be deductible.

You’ll need to check with your current lender that you’ll be able to access those funds once…[Read more]

Hi there

Welcome to the forum.

I think it’s best to keep things simple – this article I wrote for API mag explains ideal structure for someone that will convert their PPOR into an IP in the future. http://passgo.com.au/blog/25-mortgage-broker-canberra-blog/75-interest-only-with-offset-account-structure.html

Cheers

Jamie

You guys didn’t provide your credit card details??

Seemed like a perfectly normal request

What the hell is an ex president courier mistress anyway?

Cheers

Jamie

Don’t even get me started with Citi – I generally try to avoid them altogether.

AMP have some good policies and quirks that assist investors but are generally a pain to deal with – even outside of promos they can be quite frustrating.

Cheers

Jamie

Hi Maggie

Just saw this thread on another forum – http://somersoft.com/forums/showthread.php?t=77601

Cheers

Jamie

The loan docs will tell you which securities are being used for the loan.

Cheers

Jamie

Hi there

I’m with Terry, I’d be inclined to place it in the offset.

Crunch the numbers on two scenarios. The first being placing the money in the offset – the second being the money a high interest rate savings account. Remember you’ll be taxed on interest made in the savings account.

Cheers

Jamie

For a $330k purchase, the absolute minimum you’ll need is a 5% deposit plus costs – so factor in around 10% of the purchase price. You’ll also need to be able to service the debt.

Cheers

Jamie

They might – but you can get around that by placing a time limit on your offer. Tell them your offer is valid until close of business on a particular day and see how you go.

Cheers

Jamie

Hi there

I want to go back to the “why” question. Why would you not want to rent it out?

You mention that society still benefits. How’s that? It’s a vacant property – it’s not providing a roof over anyones head.

Cheers

Jamie

Menunes wrote:
I'm looking at setting up a family trust at the moment. My husband & I are maxed out in investments & finding it hard to source finance to buy more property due to serviceability of the loans.

Hi thereA trust isn't going to solve your serviceabiltiy issues.CheersJamie

Just purchased a new PPOR in Downer, ACT. Moving there in a couple of months.CheersJamie

DWolfe wrote:
OMG!60 countries, that's great Jamie! Very wow!D

Yeah I'm a little obsessed with it. The trips aren't as long as they used to be because of the biz but we try and get away whenever we can.  CheersJamie

Hello and welcome to the forum.If you change the subject to "need accountant in Perth" you'll probably get more responses.There's quite a few investors from the West Coast on the forum so someone will probably help out.CheersJamie

Yep – another 6 points. Don't know how many ppl saw that on the cards.Looks like the Dragon is hungry for business. They've been pretty good on their pricing of late as well.CheersJamie

Travel! At last count I think my wife and I are approaching about 60 countries.I'm actually about to pop over to Malaysia for a short one week stint this Saturday- with laptop in hand of course.Sports and fitness rank highly as well. CheersJamie

simple wrote:
Who is buying in 2012 ?

Me. We just exchanged on a new PPOR in Canberra. The market here is presenting some good opportunities and the right property came up at the right price.I have plenty of investor clients who are still purchasing and quite a few clients upgrading. CheersJamie

Hi ClaireAll the best with the meeting – unfortunately I can't make it this month.CheersJamie