Kakai,

I can help you in Sydney – drop me an email.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Originally posted by liverpoolharryk:

Just for you info, from an agants point of view they only charge $22 per month for as many listings as you want. realestate.com charges $300 per month.

If a lot more people new about it and agents used it more, it could be very good given the chance and a few modifications.

Jarrod
Jarrod Lane Real…[Read more]

If I planned to keep the PPOR for some time I would consider paying down the home loan and then redrawing from that for 20% deposits for IPs. This means your debt will be more tax effective.

Why sell a property to buy more? You will only incur unnecessary selling costs!

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425…[Read more]

Everyone,

Please let me be the first to welcome NickM to the forum []

Nick is a fantastic accountant operating in Sydney yet with clients all over. He is particularly experienced with property investors and also an expert on the different trusts investors use.

You won’t go wrong following his advice.

Welcome Nick.

Cheers,

Simon…[Read more]

Thanks Steven,

I think you would be a useful chap for John to contact as well []

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Tim,

Let me suggest you do a search under Ed Burton. There seems to be quite a number of posts he is mentioned in.

Regards,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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]

Kez,

These are two different deposit requirements. The banks is from 20% or less with LMI as a hedge against them needing to sell the property.

The vendor requires a deposit with the offer (depending on the state) as a sign of good faith to show you are a serios buyer. Then a further deposit once the contracts are exchanged (here in NSW 10%)…[Read more]

Mel is right.

There may well be another lender who will lend you far more than the CBA.

Contact an independent broker for a quick run through all your options.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

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

Basically they are suggesting that you go to your lender or another lender and increase the current loan and draw sufficient to use as a deposit or to buy outright another property.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

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

Just curious.

In your line of work are you an FT or casual employee or self employed?

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Rental income is included at 75% or 80% depending on the lender.

You need to speak to someone who knows what they are talking about.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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]

Drop me an email with the location and the postcode.

I have done many loans for small country towns before, however it will depend on a few things.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

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

To avoid LMI you will need to come up with 20% plus costs from your current loan. But you can go as low as 5% and still buy it with the appropriate fees.

Can’t really advise much more without knowing your full financial position.

Sounds like good opportunity for you. Buying the neighbours property can sometimes create a bit of synergy as the…[Read more]

Kaye,

As long as all the incomes stack up there is no reason why you wouldn’t get a loan for another property.

Ask a lender or a broker to run some figures for you.

We would need info on debts, savings, property values, loan sizes, credit card limits etc.

All the best,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228…[Read more]

Exactly.

I was going to delete those posts but I will leave them as a warning to others.

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Agistment for a farmer, storage for a truck driver or plant operator, parking if the need is there.

Perhaps storage of a boat or someone building or maintaining a boat, maybe erect a garage and store cars or equipment in it.

Just some ideas!

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.au
0425 228 985

Comments may not be relevant to…[Read more]

All the lenders do vary but they generally accept 75 – 80% of the rent. The rest is used as your outgoings.

Cheers,

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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]

Who provides the meals?

Simon Macks
Mortgage Broker
mortgagehunter@iinet.net.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.

Very rare to get a fixed loan with those facilities.

I do have a fixed rate, one of the cheapest around too, which has redraw facility of up to 20% of the total loan value each year.

Thats the closest I can get you.

Another idea might be to fix say 50% and have 50% variable with an offset on that portion.

Good luck,

Simon Macks
Mortgage…[Read more]

I did a loan for a student once but he was doing a PHd and had a work history.

Are you going to get rental income?

Doubt we would get it past LMI so therefore we need a 20% deposit. With your deposit we can’t go far at all after buying costs.

Is there a family member who is willing to go co borrower?

Good on you for trying and there probably…[Read more]