euro73 wrote:
Anyway, it really bugs me when finance professionals bag non bank lenders on these forums.  Without them, none of us would have an industry,, there would have been far less innovation in products, and we would likely all be paying more. It's really a bug bear of mine so Im pedantic about making sure they are represented correctly,…[Read more]

luke86 wrote:
Cheers guys, your suggestions are appreciated. I was not considering moving, but it is always good to get another opinion.Luke.

Agreed – stick with CBA for now. Don’t know if I’d rank them highly on “good service” though – from my own personal experience.

Cheers

Jamie

Personally, I wouldn’t stress too much about trying to find a property that fits a rule generated in an IP book written some years back. I enjoyed all of Steve’s book and there excellent resources but I wouldn’t rule out purchasing an IP on the basis that it doesn’t conform to a rule that arguably doesn’t work today.

I can just see it turning…[Read more]

Thanks Matt – time to buy up in QLD I think

Cheers

Jamie

Wow, those QLD figures seem low (for 200 auctions as well).

Yep, NAB will fork out $700 to any non-NAB customers refinancing to them (irrespective of where they currently have their home loan).

Cheers

Jamie

Something tells me locating CF+ properties that meet Steve’s 11 second rule were easier to locate a decade ago as compared to now.

Cheers

Jamie

Fully wrote:
I've spoken to a lot of people also who are telling me to save for a few more months and look at something in the 500k range due to my income level and make most of the negative gearing options. Considering two 250k property's can get $600 a week and a $500k property maybe $450 this doesn't seem like a great idea to me.

Hi…[Read more]

Hi FYuan

Welcome to the forum.

FYuan wrote:
I was wondering if this would be a hurdle for a lender to pre-approve/approve a home loan. Would it be necessary for me to establish my credit history?

No, it’s fine.

FYuan wrote:
I would also like to confirm whether you would need to show a period of time where you’ve made “genuine savings”. If…[Read more]

Hi Coolboy

It’s hard to comment based on the info you’ve provided.

I take it you’ve got a PPOR and you’re looking to purchase in IP. Is that correct?

If so, how much is your current PPOR worth, what is the loan amount and how much are you looking to spend on the IP?

Also, which bank are you currently with?

Cheers

Jamie

cuteyoungchic wrote:
StingrayBirke, sus out a person who's been investing in residential real estate for some time, & you'll hear the positives for yourself, straight from the horse's mouth. Property investing is like anything else in life.    If you pay attention, study the subject from books, seminars, & the experiences of others (in…[Read more]

lamp1111 wrote:
I agree with you Jamie, if we want to properly invest, we should always have experienced professionals in the area to guide us. I wish you are in Victoria Jamie. I am now putting a pause, no point to rush into investing in IP unless I have a team of professionals as suggested by you, even my world of investing in IP is very…[Read more]

tigermiger wrote:
50/50. If we had enough money, i would hope that one day we would rent it otherwise we would sell it.CBA said that i would want to keep it as is to pay more money off the loan for the mean time and then change it later if i decide to rent it out.

That's extremly poor advice and will end up costing you money. By paying down…[Read more]

Derek wrote:
Geez Jamie – no wonder you are still working. You keep knockin' back these offers too good to refuse.

Ahhh – not for much longer though, my millions in gold bullion from a Nigerian prince should be arriving any day now

Cheers

Jamie

Shape wrote:
You were featured in API???
Regards
Michael

Haha, get on the API bandwagon Michael! I’ll be in the May edition (was in YIP last year). My numbers aren’t quite as impressive as Richard’s – but I haven’t had as much time Check out the young guns section in May 2011 when it comes out.

PS – ask Richard for a copy of the article,…[Read more]

ALF1 wrote:
G'day Steve.Have you explored NOT selling your current PPOR and doing the figures on borrowing against your equity, holding on to your PPOR and get continued capital growth, then when you turn it into your IP you can start writing off your costs against your tax through variation and depreciation? Unfortunately, my experience is too…[Read more]

Nope, looks perfectly legit  Just like the $87 million I've just been offered by a Mr Muhammad Sunni Sabacha via email 

Hi MorganBest of luck with your trip. This thread might help you out.https://www.propertyinvesting.com/forums/property-investing/general-property/4335180Perhaps shoot Ajay a PM – he has recent experience in the area.CheersJamie

tigermiger wrote:
My partner and i have since deceived that we will stay in our PPOR for about another 2-5years.I met with the bank and they mentioned that i can switch to IO with no charge, however they recommended to stay P&I and when i purchase my first IP to ensure that that loan is IO.

 Hi TigerDo you intend to convert your current PPOR…[Read more]

Hi MucyIt's a nice little advantage of investing in the ACT. We're allowed to claim stamp duty in the first year of purchasing the property (in other states, it's deducted from CGT when selling).CheersJamie