PropertyInvesting.com | maxhugen | Activity https://www.propertyinvesting.com/members/maxhugen/activity/ Activity feed for maxhugen. Fri, 17 Apr 2026 15:54:48 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 18ae62f85e701f3854356c42fb2a4846 maxhugen replied to the topic Big problem - default on settlement in the forum Finance https://www.propertyinvesting.com/topic/4377068-big-problem-default-on-settlement/#post-4496061 Mon, 29 Nov 2004 00:34:23 +0000 Terry is right… it CAN get even worse… the Australian Broker magazine had an article on the front page to the effect that NAB has called in 3 loans – despite the loans not being in default! The NAB also refused to provide any reason to the borrowers.

Very ugly…

Max Hugen
Alpha Financial
Residential & Commercial…[Read more]

]]> cc45339849b22c8a5a8e85bb0e6f6f86 maxhugen replied to the topic Impact of Margin Lending on future IP purchase in the forum Finance https://www.propertyinvesting.com/topic/4374330-impact-of-margin-lending-on-future-ip-purchase/#post-4478310 Wed, 09 Jun 2004 03:51:24 +0000 Another issue to watch out for, is while ALL lenders will take into account the Margin Loan as a liability, quite a few will not accept the income you derive through dividends etc!

I have a large share portfolio that is heavily but positively geared. A while back I had quite a battle to get a lender to accept a reliable dividend income stream as…[Read more]

]]> 324cb3b96e2f00eb42c4e899b0d64261 maxhugen replied to the topic living next door to a park- is it bad? in the forum General Property https://www.propertyinvesting.com/topic/4374143-living-next-door-to-a-park-is-it-bad/#post-4476844 Wed, 09 Jun 2004 03:40:42 +0000 As a family man with 2 young kids, I’d pay a premium to live next to a park!

But I’d take care to have some security measures, as per other posts.

Max Hugen maxhugen@alphafinancial.com.au
Alpha Financial
Residential & Commercial Loans
http://www.alphafinancial.com.au
02 9560 3061

]]> 8bad34e4ca92d8b4c4f0dd28dd367b7b maxhugen replied to the topic Accountant says P & I in the forum No Subject https://www.propertyinvesting.com/topic/4373288-accountant-says-p-i/#post-4470409 Wed, 05 May 2004 13:12:27 +0000 Question your accountant thoroughly. As others have pointed out, it should make better sense to pay principal off your home, rather than a tax-deductible investment.

And if your accountant can’t provide you with sound reasons for his recommendation, sack him!

I’ve heard an abundance of total crap come from accountants, as told to me by various…[Read more]

]]> f17e758ddf68ecb8bbd34c03da920b7c maxhugen replied to the topic Straight answer from mortgage broker! *frustrating in the forum Finance https://www.propertyinvesting.com/topic/4373419-straight-answer-from-mortgage-broker-frustrating/#post-4471387 Wed, 05 May 2004 13:00:59 +0000 Both Pre-Approvals and Conditional Approvals have their place as the process amy disclose issues/problems.

But never ever sign a contract without Full Approval! Very dangerous!

Re the 2 properties, if not already too late, and assuming serviceability, vals etc are OK, then 2 loans (same lender) will work – each loan is shipped off to different…[Read more]

]]> 03aa6435705c6dc03d3d2481a3f26030 maxhugen replied to the topic What happens if 2nd valuation is less than 1st? in the forum Finance https://www.propertyinvesting.com/topic/4373418-what-happens-if-2nd-valuation-is-less-than-1st/#post-4471365 Wed, 05 May 2004 12:45:14 +0000 RE agents CAN be a useful source of info so that you can estimate the valuation of your property – don’t ask them for just an appraisal on your property, but ask for details of recent comparable sales.

After all their “assessments” this is what drives a valuer most anyway.

When I’m about to get my property revalued to increase my loan facility,…[Read more]

]]> 428bf54127dc9667d48849834ca657a4 maxhugen replied to the topic NO DEPOSIT HOME FOR FIRST TIME BUYERS in the forum No Subject https://www.propertyinvesting.com/topic/4373410-no-deposit-home-for-first-time-buyers/#post-4471331 Wed, 05 May 2004 12:32:35 +0000 First – don’t even think about it! It’s illegal and will catch up with you somehow, sometime.

Second – there are plenty of 100% loans out there – and now one lender doesn’t require any genuine savings at all ( for costs etc). First Home buyers can get a legit loan with extremely little up front.

Don’t ruin your future!

Max Hugen…[Read more]

]]> d123e564de55dbad413e1c1bbe3e22a5 maxhugen replied to the topic Postcode restricted in country areas in the forum Finance https://www.propertyinvesting.com/topic/4371365-postcode-restricted-in-country-areas/#post-4455175 Mon, 01 Mar 2004 14:08:14 +0000 Just a quick tip for everyone apart from montrose (he might take exception to us “trolls” [}:)] ) … check the actual locality, not just the postcode!

ING took an application for a locality which shared Taree’s postcode only to drop it at the last moment when they discovered belatedly that the locality wasn’t on their list!

Max Hugen…[Read more]

]]> 625ef06832826f3bea01213182dc1339 maxhugen replied to the topic Reading the daily predictions in the forum Finance https://www.propertyinvesting.com/topic/4371646-reading-the-daily-predictions/#post-4457679 Mon, 01 Mar 2004 13:57:23 +0000 Fixed rates fluctuate as the future interest rate predictions by their analysts change.

It’s hard to “beat the banks” here.

Some years ago, I benefited for a while during a prolonged downward trend by taking 12 month fixed rates, which were less than the variable at the time. I rolled these twice, so got 3 years of below variable.

Normally…[Read more]

]]> 5f1c11b7b50940ccaa4098eb7e35ed9e maxhugen replied to the topic Loan Serviceability – Looking for a lenient lender in the forum Finance https://www.propertyinvesting.com/topic/4371157-loan-serviceability-looking-for-a-lenient-lender/#post-4453806 Mon, 01 Mar 2004 13:51:47 +0000 A professional property investor ($12m prime Sydney residential portfolio) had hit the brick wall on serviceability, despite under 40% total gearing!

That’s because of the very low returns currently.

We’re working at financing some unencumbered property using 65% LVR, no income declared and no assets & liabilities declared, at approx 6.85%.

Not…[Read more]

]]> f9f5bc1670a15928b443cba1a6075f74 maxhugen replied to the topic Question for the Mortgage Consultants? in the forum General Property https://www.propertyinvesting.com/topic/4371605-question-for-the-mortgage-consultants/#post-4457401 Mon, 01 Mar 2004 13:30:33 +0000 Don’t know that this will be of any help, but you can borrow up to $500k or 65% loan ratio (whichever is lower) WITHOUT disclosing your income or assets & liabilities. Interest rate is very competitive at 6.85% currently.

These could be called an “asset lend”, and with the rise in property prices (and therefore someone’s equity) these loans are…[Read more]

]]> 1d7e31cd1d09cb8d8d02d3f55e8cb254 maxhugen replied to the topic rural IP's in the forum General Property https://www.propertyinvesting.com/topic/4371648-rural-ips/#post-4457690 Mon, 01 Mar 2004 13:21:12 +0000 In a very general sense, rural provides a better rental income, but lower capital returns, than city properties.

Overall, city performs best over time.

As to the “no probs” agent, it should be easy enough to research what’s for rent and for how much. Then monitor it for a while, to see if they are really being let at those rentals.

Max Hugen…[Read more]

]]> df64a0e2459312c21cf433fa4d6b960e maxhugen replied to the topic 99/1 split of IP in the forum General Property https://www.propertyinvesting.com/topic/4371604-991-split-of-ip/#post-4457390 Mon, 01 Mar 2004 13:13:30 +0000 As far as I know, 99/1 isn’t an issue with the ATO so long as profits are divided appropriately.

However, be aware that some Lenders will shy away from this. Not all, but definitely some! I recently helped 2 brothers get finance. Only one was on title, and they needed both incomes to refinance to get some equity out for investment.

We had to…[Read more]

]]> 099a4a93769a66bf784171d811b63fe0 maxhugen replied to the topic Bankruptcy in the forum Help Needed! https://www.propertyinvesting.com/topic/4371592-bankruptcy-2/#post-4457282 Mon, 01 Mar 2004 13:01:47 +0000 As a discharged bankrupt, you could borrow up to 85%.

Leigh gave very sound advice – it is critical that you start regular saving. Cut your spending, move if you have to, to cheaper shared accomodation, get rid of the car and use public transport – whatever it takes!

And keep out of debt!

If you can prove to yourself that you have the…[Read more]

]]> 15981535a193b19aaf521b6871ff92f6 maxhugen replied to the topic To sell or not to sell in the forum Help Needed! https://www.propertyinvesting.com/topic/4371562-to-sell-or-not-to-sell-2/#post-4457061 Mon, 01 Mar 2004 12:30:58 +0000 Generally speaking, you’re better off looking at arranging mortgages BEFORE you launch into self-employment.

That said though, a number of lenders now cater much better for the self-employed. Feel free to contact me off-forum if you’d like to explore your options.

Max Hugen maxhugen@alphafinancial.com.au
Alpha Financial
Residential & Commercial…[Read more]

]]> e5e23182c8c2dc974abe45cfe89df6b1 maxhugen replied to the topic partners ? in the forum General Property https://www.propertyinvesting.com/topic/4370975-partners/#post-4452605 Wed, 04 Feb 2004 18:11:54 +0000 Eight nice guys divided by one problem equals eight very shitty guys! [8]

(oops, am I allowed to say that?)

Max Hugen maxhugen@alphafinancial.com.au
Alpha Financial
Residential & Commercial Loans
http://www.alphafinancial.com.au
02 9560 3061

]]> a5eed226d9afb4d9a6869d527c5dcb92 maxhugen replied to the topic finance on units under 40 m2? in the forum Finance https://www.propertyinvesting.com/topic/4370653-finance-on-units-under-40-m2/#post-4449741 Wed, 04 Feb 2004 17:45:02 +0000 St George will do under 40m2.

But I’d seriously caution you AGAINST buying such a small unit – when it’s time to sell, you’ll realise the next buyer will also have headaches finding finance!

I knocked back offering to help with financing on a Sydney redevelopment (still selling) coz I didn’t want clients coming back to bite me! :-)

Cheers,…[Read more]

]]> 798b4dfb084f5f7f73048957d3d7b255 maxhugen replied to the topic How do others avoid paying mortgage insurance? in the forum Finance https://www.propertyinvesting.com/topic/4370769-how-do-others-avoid-paying-mortgage-insurance/#post-4450761 Wed, 04 Feb 2004 17:38:29 +0000 G’day from another Sydneysider!

Yes, it’s true that almost all lenders require LMI if LVR > 80%. It’s tied up with APRA and rules on prudential lending.

Cheers, Max

Alpha Financial
Residential & Commercial Loans
02 9560 3061

]]> 699a0f65cd06577c82026e97af6bdc0c maxhugen replied to the topic Loans in the forum Finance https://www.propertyinvesting.com/topic/4370062-loans/page/3/#post-4445048 Wed, 04 Feb 2004 17:33:30 +0000 Many loan products allow a switch to fixed rate, so you can certainly start on variable and switch later.

That said, even professional investors can get caught out using fixed rates. “When [rates are] at the bottom…”, ah, if only we had a crystal ball!

There are other disadvantages to fixed rates… after all you’ve promised to pay xyz to a…[Read more]

]]> 5f1b889608ffe98af9cef0703acf0433 maxhugen replied to the topic Commercial Property Finance in the forum No Subject https://www.propertyinvesting.com/topic/4370233-commercial-property-finance/#post-4446176 Wed, 04 Feb 2004 17:25:21 +0000 We can assist with 80% LVR. Please contact me off-forum if you still require help.

Max Hugen

Alpha Financial
Residential & Commercial Loans
02 9560 3061

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