https://www.propertyinvesting.com/members/matthew-centrone/activity/ Activity feed for Matthew Centrone. Sun, 12 Apr 2026 03:09:42 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 175f8ebed931bcaf06a541d300402338 https://www.propertyinvesting.com/topic/4391943-financing-a-purchase-at-90/#post-4580640 Tue, 15 Jan 2008 03:21:03 +0000 Hi Richard,I have a contact at CBA, in credit assessment that said they will consider a RTB scenario, based on the strength of the applicant.   A collegue of mine did a similar deal with Maxis, however, it was a fair while ago and their policies may have changed since then with regard to these deals, so you maybe right.CheersMatt Ce…[Read more]

]]> 8206d2b0f0f62e3ab38781bfcb24ae5f https://www.propertyinvesting.com/topic/4391943-financing-a-purchase-at-90/#post-4580638 Mon, 14 Jan 2008 06:35:09 +0000 90% loan in country local no drama, couple of options available depending on your situation.  CBA or Maxis just to name couple.Drop me a line or give me a call to discussMatt CentroneInvestor Financemcentrone@investorfinance.com.auPh: (08) 81325913Mob: 0402 278 019

]]> 1225582f7d361bc5988e4b0d5fb8cd1f https://www.propertyinvesting.com/topic/4391906-line-of-credit-14/#post-4580449 Fri, 11 Jan 2008 01:26:43 +0000 Hi Chris,Yeah I have read the book you were discussing, by Margaret Lomas and know what Line of Credit you are talking about.  There are actually a number of banks and lenders that have this type of facility available but there are always subtle differences in the products and it depends on your situation and where you want to invest, which will…[Read more]

]]> f82ff2d8724e3cce1b47e8bd0465d974 https://www.propertyinvesting.com/topic/4391668-development-finance-5/#post-4578657 Sun, 16 Dec 2007 22:46:07 +0000 HiI agree with Richard that depending on the LVR then pre-sales are not a pre-requisite.There are some private lenders out there that will lend on Gross Realisation rather than Hard costs, whcih is probably the type of facility you will want to look for if you don't have pre-sales but the bottom line of the deal must be solid.  If I know a few mo…[Read more]

]]> 0daae70620a6a5a637cd02f636ff1db3 https://www.propertyinvesting.com/topic/4391654-money-3/#post-4578572 Thu, 13 Dec 2007 23:02:05 +0000 Hi fiveyears,I'll try to help, but a few more details are necessary.1. "an area" is that vacant land? What is it zone? rural, commercial, residential?2. What is your plan?  To develop then sell?Depending on the purpose and the parameters of the deal depends on how to go about finance.CheersMatt CentroneInvestor…[Read more]

]]> 85f98cca5e1cb45b9666f52c6235f2c3 https://www.propertyinvesting.com/topic/4391053-northern-beaches-sydney-mortgage-broker-fin-advisor-needed-any-recommendations/#post-4575478 Mon, 22 Oct 2007 14:13:07 +0000 HI Ian,I'm new to this forum and based in Adelaide, but I have read numerous posts from both Richard Taylor and Terry W and they both put forward intelligent and logical posts with regards to finance and investment so give Terry a call. I'm sure he'll be able to help you.CheersMatt CentroneProperty Investor and Financial…[Read more]

]]> a0ebe83149700b730de195f15b56108d https://www.propertyinvesting.com/topic/4391221-releasing-equity-and-interest-deductions/#post-4576208 Mon, 22 Oct 2007 14:05:30 +0000 Hi ybuddha,Yes you can claim tax deduction on the portion of the loan that you use for investment property.  What you can do is split the loan so it is easier for your accountant, so that the portion of the loan that is to purchase for you PPoR is in one account and the remaining LOC for deposits on future investment properties is in another…[Read more]

]]> 24fef9ea989c248dc6f0dacbe3e04216 https://www.propertyinvesting.com/topic/4391189-destiny-financial-solutions-4/#post-4576045 Fri, 19 Oct 2007 04:41:21 +0000 Hey Nonnie,Before you spend $3000, I would shop around. Speak to financial advisers, accountants speak to specialised finance brokers.  Do your own research on property investment.   For example: 1) The financial software they provide, there are a number of different softwares available on the internet to assess the financials of propert…[Read more]

]]> f4668f205b03e877aefa1e6b54fe39cc https://www.propertyinvesting.com/topic/4391189-destiny-financial-solutions-4/#post-4576035 Fri, 19 Oct 2007 02:16:33 +0000 Hi NonnieE,Just out of interest how much does it cost to become one of their clients and what service do they provide?  Cheers MattMatt CentroneProperty Investor and Financial Strategistmcentrone@investorfinance.com.auPh: (08) 8212 0788, Mob: 0402278019

]]> cd7f672b0a6373a13ed5f90d5805a264 https://www.propertyinvesting.com/topic/4391174-sould-i-keep-a-cash-reserve/#post-4575956 Wed, 17 Oct 2007 23:53:48 +0000 Hi Duc,I'm from Adelaide also and I know that the property market here at the moment is very exciting.  I think Marc's advice is very good in that if you structure some of your loans so that the $600K sits in an offset account, the cash will still be available in case of an emergency, however it will offset against your interest repayments giving…[Read more]

]]> 60b5e5eb2e51bd9471c882fc39c91891 https://www.propertyinvesting.com/topic/4391125-loan-structuring-advice-sought/#post-4575760 Tue, 16 Oct 2007 15:00:39 +0000 Hi Peter, I definitely recommend an investment plan for all my clients. What I actually do is work out with my clients their goals long term and short term. This is formalised and written down. I start by preparing a property portfolio review, which basically looks at their current financial situation, the structures they have in place, their…[Read more]

]]> b12a360f1af62669515591a4a28b7a29 https://www.propertyinvesting.com/topic/4391150-positive-cash-flow-mortgage-from-3-95/#post-4575853 Tue, 16 Oct 2007 05:16:39 +0000 Yeah, I agree with you mate.  I know a couple of people who have used them, but its not my cup of tea.All the bestMatt CentroneProperty Investor and Financial Strategistmcentrone@investorfinance.com.au 

]]> 116fc744301fe362aeb78471fac82948 https://www.propertyinvesting.com/topic/4391150-positive-cash-flow-mortgage-from-3-95/#post-4575851 Tue, 16 Oct 2007 04:02:33 +0000 Hi Thonas,I've encountered this type of loan, and basically what happens is that the lender charges around 4% interest but also capitalises 4% on your loan amount for a specified period which may be 3 or 5 years, meaning that your loan amount is actually increasing, after the specified period runs out, the interest rate then reverts back to…[Read more]

]]> 3fb230f45703917484de8e9cfb4706ef https://www.propertyinvesting.com/topic/4391125-loan-structuring-advice-sought/#post-4575758 Mon, 15 Oct 2007 13:28:11 +0000 Hi Peter,  A few more answers.  1) An offset account, is a transactional account like a savings account however it's amount is offset against your loan amount.  For example if you have a loan of $200K and $20K in your offset account, you only pay interest on $180K.  If you then spend $10k from the offset account you pay interest on $19…[Read more]

]]> 9cc710745bf6acbc0d9a39fc1c348972 https://www.propertyinvesting.com/topic/4391111-financier-policy-on-small-blocks-of-units-changes-to-lvr/#post-4575669 Mon, 15 Oct 2007 01:03:57 +0000 You could definitely get a higher LVR than 60% if its considered a commercial lend. You could also try to value the units individually and lend against them as residential with different lenders, (longer and more expensive process, however this could mean getting up to 95% on each unit individually).CheersMatt CentroneProperty Investor and…[Read more]

]]> 8edb8c352877b98e60f476aebea61c34 https://www.propertyinvesting.com/topic/4391125-loan-structuring-advice-sought/#post-4575753 Sun, 14 Oct 2007 03:16:19 +0000 Hi Peter,I'm from Adelaide too, its good to see someone else on this forum from SA.  Firstly you should unlock the equity in your PPoR with either a LOC or an offset account facility.  They both operate in a very similar fashion. However depending on the amount you borrow  and which lender you use depends on your interest rate and the fees ass…[Read more]

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