Well done Steve – perfectly outlined in a nutshell – everyone shuld have a read of this structure!

Cheers folks

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.

Well done Sooshie – I am sure you will be swamped with interest!

Nice to see you on again – will we see you in Melbourne at Steve’s seminar?

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]

Absolutely possible if the numbers stack up – and a good idea too. This is the way I operate as do many of my clients.

Best to get yourself a preapproval whilst you are finding the right property.

Cheers and good luck mate.

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

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

Gosh, sounds pretty interesting. It would be very hard to commment on the wisdom of it.

Do your due diligence. Will they be seperate title? Will the rental market demand them? How will you finance the construction?

I imagine you would get some good savings doing 14 at a time! Perhaps even be worth putting it to tender?

Wheree is the…[Read more]

Us moderators are not self proclaimed experts! I am aware of the dificulties many people have in finding that compromise between return and location.

There is nothing in this thread that should give anyone reason for feeling challenged.

Have a super day everyone – I know I am (except for the wallpaper I am attacking later on [angry2] )

Simon…[Read more]

IO loans have an IO period of between 5-10 years.

They then revert to P&I for the remaining period. This IO period can often be renegotiated for a further 5-10 years.

You can usually pay off part of the principal in this period.

Hope this helps,

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

Comments may not be relevant…[Read more]

Here in NSW the tenants will be responsible to continue paying rent until new tenants are found. Also for the costs of advertising and reletting. However you must make every reasonable effort to retenant it.

Cheers,

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

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

Robo,

Put your www in your signature as I have done.

All the best mate.

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.

Tommy,

Go to http://www.mortgagehunter.com.au/first-home-owner-grant.html

Click on your atate and read the legislation. Call them if you have any questions. Too big a risk to take on the say so of a stranger.

All the best,

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

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

I agree with yack.

I have seen clients have to accept a low offer on their PPOR as they need to get out of the debt. I wouldn’t do it in this market.

If you sell at top price taking your time then negotiate to buy well you may save a fortune.

Make sure at every step you are in control! Don’t be that desperate vendor we are all looking…[Read more]

The FHOG is for buying a home. You can use the home for 6 months starting within the first 12 months of ownership to qualify for the grant.

The deposit you can use varies to as little as 3%. A 20% depositis the best amount to use but with extra costs it can be reduced substantially.

I would strongly recommend you use a broker. Find one that…[Read more]

Can you change immediately and pay her the equivalent of three months fees? Is this an option?

Often the new PM takes care of the change for you after you sign an authority. They may even waive the initial three months fees to win your business.

Your business is worth quite a lot to the Principal of the agency – have you spoken to him about the…[Read more]

Can you keep it and also buy more properties?

No need to buy four at once – one at a time and growth in the current property may be an acceptable strategy?

What do you think?

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,…[Read more]

is fibro always asbestos?

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.

For what purpose? If it is for a loan then may I suggest a good broker might be more appropriate.

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 taxation decision you should consult a professional adviser.

Not really enough info for any definate advice.

I wouldn’t normally advise an LOC unless you really need it – I don’t see that you do in this case so far.

If you are organising a builder straight off then a loan on completed valuation will be the way to go. Will keep the LVR down and the LMI down too.

Sounds like a good first project – esp…[Read more]

Diane,

The lender will look at the total valuation for all three properties and then compare the total loan size. If it stays under 80% then the loan will be quite simple with no LMI – depending of course on your incomes.

If you have seperate lenders then top each of the existing properties up to 80% of the valuation and use this cash as a…[Read more]

Derek is spot one.

I would recommend you continue to save your funds in an offset account.

When you do wish to buy yourown home one day you will be glad you had done this.

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,…[Read more]

Check out the postcode wizard on
http://www.pmigroup.com.au

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 taxation decision you should consult a professional adviser.

Sairah,

Pleaselet us know how it all goes – especially having aprofessional negotiate on your behalf,

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.