Marty McDonald wrote:

robwilson wrote:
To start up with a mortgage aggregator or try and build up my own panal of lenders ?Major pit falls of the business to watch out for ?Is this a very tough bussiness to get clients in ? what would be the average amount of loans processed per month for a good broker working on his own ?Best lending software…[Read more]

Catalyst wrote:
Well lot's don't. There have been a lot of cases investigated.

Like this one recently – https://www.propertyinvesting.com/forums/property-investing/help-needed/4337779CheersJamie

Hi Free to BeeWelcome to the forum.You could always go to another bank who is willing to lend more. CBA don't rank that high when it comes to the amount you can borrow – other lenders have much more generous borrowing capacity calculators.A broker could run a quick borrowing capacity calculation on your scenario and offer advice.CheersJamie

Call me crazy but I actually don't mind painting – it's kind of relaxing.The last renovation we done, we painted the entire house ourselves. After a long day in a fairly stressful industry it's nice to do something a little brain numbing (not to say that painters are stupid!)For that reason, we buy our own and paint ourselves. We got a quote for a…[Read more]

Ash88 wrote:
Ps: my long term goal is to own as many properties as possible and rent em out

Hi AshIf that's the long term goal then you will have to borrow money at some point. Banks can be a pain – no doubt about it. But at the end of the day, if they weren't lending us money, we wouldn't be able to purchase properties.You need to map out a…[Read more]

Chris89 wrote:
Hi Jamie,If you go for a higher LVR loan, say 95%, will you miss out on any type of features than an 80% LVR will give you? Such as, maybe having to have a higher interest rate, having to have a P & I etc?

Hi ChrisNot necessarily. You would likely get the same rate applicable to deals between 80% – 95% and you can opt for IO (…[Read more]

I'm pretty sure Richar Taylor has mentioned one a few times – if you do a search you should hopefully be able to find the posts.CheersJamie

Hi MaccaI just replied to your email before reading this thread – looks like I share the same train of thought as the two posters above. In regards to the IP that's costing $10k p.a to hold. Is there anyway you can improve the yield? Any cosmetic renos that will enable your to up the rent? Perhaps allow pets – that can add a fair bit to the asking…[Read more]

teds01 wrote:
Also, what other options can people suggest to obtain a true valuation of their properties? Comparable sales I guess has to be one of the best ways, but how do you obtain this info on the web?

Hi TedsTo get a true valuation you really need to fork out for a registered valuer to come and value the property.CheersJamie

Hi lifestylezAre your properties in the Logan area? I noticed that prices for townhouses have dropped quite a bit since 2009.CheersJamie

The last townhouse we purchased was 140m2 and it was quite comfortable. It's a 3 bedroom, 2 bath, DLUG two story terrace townhouse.CheersJamie

Hi RyallsyI would (and I'm sure you have) think carefully about how the addition to the family is going to impact on your ability to make repayments on your liabilities.Your contributing a significant portion to the household budget – so it's important to have some mitigators in place that will enable you to continue servicing your debts whilst…[Read more]

sapphire101 wrote:
Contact SRO and tell them to blow it out their ass!

Haha – I like your straight forward approach Ian. CheersJamie

What are comparable properties in the area selling for or being listed at? Check out http://www.onthehouse.com.au to gain a snapshot of the area.Check out HTW month in review for commentary on the area – http://www.htw.com.au/Month_in_Review/Month-In-Review-August-2011.pdf As stated above though – what's the main motivation behind selling?CheersJamie

thecrest wrote:
Sounds like it would make a good "car bra" and look better than those typical black mat type car bras. If a complementary colour or signwriting was used on that car bra area, that would look good and minimise stone chips. Guess you only get stone chips in rural areas though, where we spend a lot of time. cheers thecrest

Not…[Read more]

Terryw wrote:
You can certainly turn the PPOR into an IP, the interest on the existing loan should be deductible

I think that's where his FA and accountant are divided. He doesn't have a loan on his current PPOR (soon to be IP) – so while he can turn it into an IP, there is no loan to deduct against.CheersJamie

Terryw wrote:
Colin,  probably no breach of Privacy Act as it relates in an investigation.

I was thinking the same thing.CheersJamie

Hi WombatWelcome to the forum.I've always been a fan of using as much of the banks money as possible and utilising LMI to grow the portfolio quickly. However, this doesn't work for everyone – it comes down to your own risk profile. If owning a couple of properties with high LVRs is going to stop you from sleeping at night, then I'd recommend you…[Read more]

Hi CrestI've been told it comes off quite easily  – but any part of the car that's not covered will likely fade in color quicker.CheersJamie

Sam White wrote:
Hello Everyone, Just after some advice, we are still learning. We have 1 investment property we bought just over 2 years ago,for my brother & his wife to rent. We spent about $1,500 to get the place neat tidy for them. They have recently moved on & we decided to repaint the entire house & make some cosmetic changes. We spent…[Read more]