You will need a commercial loan then. I was hoping we might be able to get it considered as a residential investment if it was a normal property.

I know a good commercial broker in Sydney if you need to talk to someone.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual…[Read more]

Is it a home or a purpose built property?

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

No – I have had no need to.

But I know the authors and have seen the amount of work they have put into it. I also know the sort of people they are and wouldn’t hesitate to recommend them to anyone.

Cheers

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend…[Read more]

http://www.loanalert.com.au

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

If your husband has owned a home then I don’t believe you will be able to apply for the FHOG.

Follow the FHOG links on my website and read the relevant legislation at your state.

Regards,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any…[Read more]

Are you sure that you wont be able t get a loan through?

Talk to a good broker like Terry and see what he can do for you before you give up this option.

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or…[Read more]

How much rent do the existing properties get?

Children?

Cars?

Credit card limits?

Current lender?

Other debts?

Email if you prefer nt to post this detail.

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation…[Read more]

I wouldn’t be looking that far out personally but it is a good point you make with the historical lows.

There would also be low break costs should the variable rate have moved higher by the time you might wish to close the facility.

I think if it suits your strategy then go for it.

Unfortunately as far as rate predictions go – my crystal ball…[Read more]

How would it suit a broker to xcoll? I am not being sarcastic – am genuinely curious.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Dale,

You have more front than Myers – shame your research isn’t up to the same level.

Fancy asking people to help write your book then you offer them a free copy worth maybe $20! And you make that offer unashamedly as if you are doing them a favour.

Anyway – I would suggest that if you are after US stories then maybe spamming US forums might…[Read more]

Will need some more info to make some suggestions.

Might be best to speak to a new broker direct rather than publish too much info here – ask around for a referral.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial…[Read more]

You are allowed to purchase investment property after Jul 2000 and, provided you never occupy it as your home, still buy a home and claim the FHOG.

See my website for FHOG info and click the link to your state.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances.…[Read more]

Quote:
Originally posted by diclem:
Best wishes, Simon…..[clown][party][clown][party]
Obviously you’re having such a great day, that you haven’t had time to drop into the forum….
So, do you dare tell how long it has been since you were one of these? [baby]

Sue [party]

I am 39 today however I look 29, act 19 and have the mental age…[Read more]

Speaking as a mortgage broker I think you are able to go ahead. It is realy up to your goals and strategy as to what you would like to do.

What sort of price range are you considering here?

All the best,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend…[Read more]

Shaun,

Make sure you do get in touch with Chefman – we have emailed each other and he is a very nice chap and knows what he is doing!

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you…[Read more]

I would hold.

If you contemplate selling and buying a pos cashflow property you must factor in the selling costs, CGT and the buying costs + the time spent doing this.

Add these figures to the cost of the pos geared property and it will make it negative I bet!!

By all means look for another property to add to your portfolio – perhaps overall…[Read more]

WIWO = Walk in walk out. Usually used when selling a business.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Melissah,

Remember to facor in the FHOG and also any stamp duty concessions you may get

This mght make the PPOR purchase the more attractive.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision…[Read more]

As long as he has neither occupied them nor owned them before Jul 2000.

Hope this might be good news for you.

Cheers,

Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a…[Read more]

Kay,

The legislation specifies:

have never owned and occupied a home before
have never owned an investment property before 1 July 2000 – ( I only purchase a IP this year)
are purchasing a home
intend occupying that home within the first 12 months
are a permanent resident of Australia
are at least 16 years of age.

It changed a while…[Read more]