BY tapping into equity in other property.

Cheers

Jamie

Hey Luke

No probs.

I’m not sure how much they’d charge – though I do recall a thread on this forum recently where someone mentioned it. You might be able to find it.

Cheers

Jamie

Hey Kateodon

Good on you for asking the question and being so enthusiastic. I would hate to think of what I was blowing my money on as a 20 year old :-(

In my opinion – your best off educating yourself. Read widely and contribute on forums like this. Before you know it – you’ll start surrounding yourself with like minded people.

Cheers

Jamie

All good – there’s no set time limit after the three months. Just continue making contributions to your savings and it will demonstrate a capacity to save – and therefore an ability to meet repayments on your loan.

Cheers

Jamie

Hi Luke

Some property managers will coordinate the work. Do you have a good one with reliable/good contacts?

Usually they are paid a percentage of the costs for their effort.

Cheers

Jamie

It depends on the lender.

Some it will be a simple switch process – others will require a new application which means new income documents.

Cheers

Jamie

Hi Tom

Sit down with an excellent accountant and solicitor get some tailored advice specific to your current/future situation. There is more to consider here.

Cheers

Jamie

Because too many new investors jump into overly complicated/expensive structures without truly understanding how they work and whether they’re suitable for their particular circumstances.

Cheers

Jamie

Hi Tom

Why do you want to purchase in a company/trust?

Cheers

Jamie

Haha – my website photo didn’t scare you off did it?

Cheers

Jamie

Where are you located Dan?

Do you need face to face contact? If not – you can choose any broker in the country. If you do need face to face, then the forum might be able to recommend some locals for you.

Cheers

Jamie

Hi Dan

Without sounding biased – speak with a decent broker about your options.

Cheers

Jamie

Bish – look at it as an opportunity. You’ve identified a flaw in the market – introduce a lower cost PM service on the West Coast. Instead of fighting it – capitalise on it :-)

Cheers

Jamie

Hi Karl

Speak to a good solicitor about your options. New investors often quickly jump into overly complex structures that don’t always suit their situation. Terry Waugh (Terry W) from this forum would be a great starting point.

Cheers

Jamie

Hi PC

No worries. It’s literally a piece of paper that substitutes cash when paying the deposit.

Takes less than a day to arrange and costs a small fee. Deposit Power is probably the most well know provider – http://www.depositpower.com.au/dpg/

This would be the easiest option in my opinion.

Just check with the vendor if they’ll accept a…[Read more]

Hi PC

Speak with your accountant about this one – it’s a good question.

An alternative is to use a deposit bond.

Cheers

Jamie

Haha – that’s the problem, I’m not the handiest guy and my time is probably better spent with a calculator rather than a hammer.

I’ll actually be in Europe while it’s being renovated :-)

Cheers

Jamie

On a positive note – this spam just resurfaced an old thread that comes in handy for me :-) We’re just finishing off the design for a PPOR bathroom reno so good to get an idea of how much it can cost. I doubt I’ll get any change from $20k :-(

Cheers

Jamie

Best of luck to your friend Woody – hopefully it all works out ok.

If he has troubles, pop back on the forum and see if we can come up with a solution.

Cheers

Jamie