Hi TiffanyI would call a couple of others and compare prices.I'd also be asking for recommendations from other investors. Perhaps start another thread with it in the title.CheersJamie

Agree with the others – seems quite pricey.With the three quotes – just keep in mind that cheapest doesn't necessarily mean best. CheersJamie

I've never heard of it. Does being his apprentice incur a fee???CheersJamie

sweeny wrote:
 Hi Shape, Are you able to go into more detail about the tax-deductibility of Loan 2? My understanding is that Loan 2 would be treated as new borrowings, and its tax-deductibility would be determined by what you used the funds for. If you used the $100k to buy an IP, it would be deductible but if you used the $100k for personal…[Read more]

Thanks for sharing Beau. I must admit though – it always looks a tad suss when someone's first post is related to a product. This may or may not be your intention but I'm sure I'm not the only one that perceives this.CheersJamie

Cheers Darcy, I'm glad you found it useful.Onthehouse is excellent – I'll have to get it added to our website.Jamie

fWord wrote:
Man, you sound angry. What statements exactly are you referring to?

Someone needs a hug I think the idea has merits. It may weed out some irresponsible pet ownership as well.Pet insurance is a must IMO. I had friends/family laughing at the idea that I ensured my pugs. Only six months ago one of them had an emergency operation to…[Read more]

luke86 wrote:
Having a high income and paying lots of tax is a good problem to have. If you were to purchase property, it should not be for tax benefits.

I agree with Luke. The tax benefits associated with property investing should only be seen as a bonus – not the fundamental reason for investing. Think about it – with negative gearing…[Read more]

Terryw wrote:
imagine the trail after 5 years. 15 years…….

That's if they continue to pay us commissions CheersJamie

ksherwell wrote:
I recommend having a shop around.  

Be careful with this though. What most people don’t realise is that “shopping around” can result in multiple hits to their credit file if each lender is submitting an app. A few hits in a short period of time will start to make lenders nervous.

Cheers

Jamie

wisepearl wrote:

Jamie, thanks for that link, i’ve seen your canberra reno house pics a few times, looks good. i noticed you replaced doors rather than repaint. what was your reason? cost and time effective that way? or the previous doors just not in good enough condition?

No worries. My brother in law owns a flat pack kitchen business so I…[Read more]

Henry Adams wrote:
Yes, they put the $8500 into the loan account.

Really? I don't know how they could add this to a 95% lend……CheersJamie

Hi EmmaHere's a before and after pic of a kitchen that we recently renovated. We simply changed the doors/handles/sink and tiled a new splashback. http://www.facebook.com/photo.php?fbid=205513192817784&set=a.205513116151125.43824.127826280586476&type=1&theaterWe kept the same benchtop and carcass. I won't mention how much we paid (because we're…[Read more]

Hi BobMost of your questions boil down to your borrowing capacity, employment history and the value of your current property. If your combined borrowing capacity can service the debt, your employment histories are sound (same job for 12 months or same industry for greater than 2 years) then tapping into equity and purchasing another property is…[Read more]

Corpred are good if you opt for the old "provide your own details and they'll provide a report" cheapie. CheersJamie

Hi BrendonPerhaps it's best to shoot an email to one of the brokers on here (its saves you from having to disclose your personal info on a public forum).CheersJamie

Hi HenryYou can have multiple loans with the same lender and not have them crossed collaterised.CheersJamie

Hi HenryI'm not quite following the question.Are you using these JDL guys to help you find property and also to organise finance and they're capitalising their fee onto your loan?CheersJamie

Anthony from Australian Legal and Finance who posts on here will probably know of one. Adelaide is his stomping ground.

Cheers

Jamie

Hi MiikeBest to wait until it turns into an IP as you can't depreciate whilst it's a PPOR.CheersJamie