Kipper57 replied to the topic Advise on OTP/newly developed apartments – is it a good investment? in the forum I guess it would depend on 10 years, 10 months ago
I guess it would depend on what your trying to achieve, new apartments have plenty of depreciation to claim
Kipper57 replied to the topic BEWARE – Inexperienced buyers agents and Cashflow Hype USA in the forum Overseas Deals 11 years, 2 months ago
Thanks for the warning yes has been tempting however if there is a double dip like many expecting, could well be stung
Kipper57 replied to the topic What’s the area that you think is good for investment. in the forum Overseas Deals 11 years, 2 months ago
James QLD especially the G.C has a bit of a history of boom and bust, with the slowing Aust economy the GC maybe a bit risky. From my understanding they tend to over supply and then everyone gets caught out. Happened to a friend of mine about 10yrs ago before the property market boom. Of course as it turned out if they had just sat tight th…[Read more]
I would think the U.S. still remains a little risky, I was thinking Brazil would not be a bad idea however not that familiar with their marketThe positives are, in the next few years they have the World Cup Soccer, and the Olympics year 2012 I think. Their currency is quite weak now but has been much stronger than the Aust dollar in the past. On…[Read more]
I am not licensed to give advice, thus this is not advice however putting it in an account with reasonable interest would be what I would do for the time being. I see the property market as over cooked, you will find this worth a read. I would say by the end of this year you may see a clearer pi…[Read more]
Kipper57 replied to the topic Aussie off to buy US property – anyone want to join me?? in the forum I was reading this forum the 11 years, 10 months ago
I was reading this forum the other night and was quite inspired for a little bit however this discussion put a bit of a wet blanket on any of the ideas for a whilehttp://www.cbsnews.com/video/watch/?id=4668112n&tag=contentMain;contentBody
Kipper57 replied to the topic I own my PPOR outright, will I be required to pay mortgage insurance on IP if borrowing 106%? in the forum Finance 13 years, 10 months ago
Yes as Richard has said the loan structure is the key in making the savings with lenders mortgage insurance.
I do not think anyone would be game to give advise as to whether to fix or sit it out at the moment, as a broker we receive regular information, with so many conflicts on rates. As mentioned above split loans may be an option; and considering your limits if rates do continue their upward spiral.
Hi Robyna youve done well, without knowing your full income and expenditures it would be hard to know, you ceratainly have ample equity so that would be no drama. Feel free to contact me through our web site for a full assessment or one of the other brokers on the site.
Hi Bob a mortgage of $115k should be positively geared, in other words the rent comming in should be covering the mortgage. Do you have the loan at interest only? sounds like you may need the loan restructured this would possible free up more money for the next
I do not like to be the carrier of bad news however a low doc at a 90-95% lend with two mortgage arrears since November and in business since January 07 is just going to be a no go. The Mortgage Brokers that you have spoken to I am sure would want to help you however it would not be able to.
Very risky if property values do not continue up your loan will increase and maybe worth more than the value of the property, this can be devastating if for some reason you need to sell e.g. loss of job / marriage breakdown / disability etc.
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