mwooding wrote:
Acceptance FinanceAsk for Andrew Sanger1300 93 11 55This guy has been making money out of air for me for a while now.  He is an investor himself with property east of Melbourne. 

Or you could just go with Richard who has responded above, has the runs on the board is an IP specialist. Distance isn’t an issue.

Cheers

Jamie

SkippyZ wrote:
You may have a question why we opened St G LOC in the first place – because it was recommended by the advisor we used at that time. Key word – Margaret Lomas

I've enjoyed her books and show and also agree with much of her investing methods. However, when it comes to finance – she's definitely not a guru. Cross collaterisation and…[Read more]

Paullie wrote:
Thanks Jamie.The second option is great, as long as CG is enough to cover the interest on 600k plus LMI and fees.Also, where are these people buying for 200k for a house? I wouldnt think theyd be buying in an area where CG will be good and at least sheltered a little from a downturn.This isnt 2001 anymore……What do you…[Read more]

I think you should be ok with the dulux weathersheild – it's a decent brand.CheersJamie

A good property manager will be diligent in sourcing a decent tenant. They will also keep on top of regular inspections and rent increases. They will also look after any maintenance issues that arise.Some people prefer to use a PM for these reasons. Personally, for the properties I have within my local area, I prefer to self manage. There's a…[Read more]

Agree with Catalyst – you need to spend some time educating yourself before taking the plunge. Understand the basics first. From there, work out what you want to get out of property investing and devise a strategy.Work out the end goal and formulate a strategy to reach it.Property investing is generally a long-term asset class – so a bit of…[Read more]

We used Dulux elastomeric paint on a rendered property. It's a bit more expensive but definitely worth it. What sort of surface are you painting?CheersJamie

gibboau wrote:
Does anyone know how to check the tenancy database without going through a real estate?

TICA will allow you to pay for a subscription that allows a certain amount of inquiries p.a. I think you can also pay for a one off inquiry.CheersJamie

I have interest only loans on all properties – IP and PPOR.Have one offset account set up against PPOR.Get rent paid into offset and expenses paid out of offset. It's essentially the account for all property related income/expenses.CheersJamie

propertyboy wrote:
I am with commonwealth bank. The variable mortgage rate is 7.31 and I get a 1% discount. Now I am wondering, how often does this rate change and how do I check it? Does this only change generally in line with the RBA's announcements on the cash rate or can CBA change it whenever it wants? How often is it updated?I read NAB's…[Read more]

brmiau wrote:
Thanks for all the responses peeps.I dont know what a CF+ house is but I think we'll prob just concentrate on paying of the mortgage quickly, then keep paying $1000 a week into the bank and retire at 55 with $1,200,000 in the bank and earning around $80k a year interest off that.Hopefully.

CF+ means cashflow positive – basically a…[Read more]

Andrew_A wrote:
Canberra is the best performer at -0.68%

Good old Canberra Things seem to have picked up a little recently  – I'm sure a couple of rate cuts will help as well.CheersJamie

nguli wrote:
If you buy or create a CF+ house then you could pay your loan off in less then 7 years AND have an investment property!

There you go – that's one way to have your cake and eat it too! CF+ will be a little easier to achieve these days as well with falling rates  – particularly the low fixed rates currently on offer. CheersJamie

Hi Michael

I’d refer to Richards post above re the purpose test and if you have any doubts about whether the loan will be deductible then best to seek advice from a qualified accountant.

Cheers

Jamie

I’m not sure if Terry W does conveyancing but if so i’d use him in a heart beat. If not, Terry or Mick will prob have some good recommendations.

Cheers

Jamie

Shape wrote:
Every bank has their problems…

So true. Just when you think you're having a good run with one bank, something will happen that just leaves you shaking your head and muttering to yourself "really?"CheersJamie

Hi brmiauWelcome to the forum.No one can really answer this question for you. You really need to work out what you want to achieve over the next 15 to 20 years and devise a strategy to meet those goals.Some people take comfort from paying down their PPOR and enjoy the additional disposable income once the mortgage is paid off whilst others aim to…[Read more]

Hmmm….the link seems to be broken. This one should work.CheersJamie

AdisKay wrote:
the US market might change and I'llbe too late to grab any of these deals people are getting now. ?

Hi and welcome to the forumTo be honest, I'm not overly familiar with the US market. However, from what I've been hearing – there will be cheap properties for quite some time….cheap not necessarily equating to good. Like any…[Read more]

Jins13 wrote:
Welcome to the forum. One of my advice which I would like to offer to you, is keep it secret in the workplace or family members as sometimes they will drag you down and possibly could affect your judgment. Also, my boss one day saw me reading the "Property Investing" Magazine and she told me me that perhaps I was getting paid too…[Read more]