Yes.

Market doesn’t experience the same growth nor does it have the same vacancy rates.

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.

Check out http://www.cannex.com.au/surveys.html

Lets leave this thread for now as we have not got the necessary approvals to discuss shares or funds on this site.

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]

Stolen from another forum but remember…

A friend comes to bail you out in the morning, but

A true friend will be there sitting next to you saying “That was fun wasn’t it!”.

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]

Depends on the lender. Usually the cutoff is three or four dwellings.

Deposit needs to be higher, rate is higher and sometimes the term is lower.

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]

After 12 months you shouldn’t have too many problems if you use the correct lender and sell it to them properly!

Hope the market for those properties continues to strengthen in the meantime.

Cheers,

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

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

Email me and I will pass it on to someone I know who does this stuff.

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.

My recent one was just a student rental place. Brick 5 bedrooms and was once a beautiful home.

So my endgame result was to have somthing still for students but that would val up well and command the higher end of the rental market.

The place was a disaster and hadn’t been cleaned or gardened for years – I mean maybe 5 years.

So we rediscovered…[Read more]

Joseph,

This is very much an Australian site and we may not be experts in the American investment market.

Some banks here will only allow a IP to be bought on a 10% deposit whereas they allow a PPOR on a 5%. But many banks allow the 5% deposit for IPs so it has ne real impact.

Cheers,

Simon Macks
Mortgage…[Read more]

there used to be different rates but no longer.

Stamp duties are controlled by state governments not the banks.

The difference now is that if the loan is for personal use it is regulated under the UCCC (Uniform Consumer Credit Code).

There is a greater degree of protection afforded to loans for personal use. This covers the whole range of…[Read more]

Absolutely.

Depending on the new property purchase price you can use the existing property as security or simply draw some equity as a deposit.

[] Mel gives a better description of my points in her following post – thanks Mel[]

If you can provide figures I can be more exact.

Cheers,

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

Simon,

Having a think about your situation and think you should consider the following.

Your savings are tied up in the current property. With some growth and some repayments your loan will be well under the 100% mark.

Consider moving into the place and claiming the FHOG. I think that this can be done since you have owned it less than 12…[Read more]

Matt and Chan,

I am aware of some pos cashflow apartments in Robina Qld. I am not buying them myself nor am I making any sort of recommendation.

They are small 2 bedroom apartments filling a rental niche. Tey are not serviced apartments.

I am not involved nor do I get any fees or kickbacks.

Email me and I will pass your contact details direct…[Read more]

Surely it is when your net worth is over $1M.

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.

ING Direct comes to mind.

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.

I hold investment properties.

I have done reno’s, rentals, student rentals, land subdivisions and dual occupancies.

Actually the student rental is a reno too and I have been pretty happy with the new valuation and also the demand and rental I am finding. It is 5 bedroom and I reckon I could have filled 15 with top quality students! Looking for…[Read more]

Thats terrible news.

Let us know how you get on with the bank today.

Call me if I can help in any way – I really mean it. Please don’t think I am just touting for business here.

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]

On the flip side many people get pretty boring when they catch the property bug. Seems sometimes at parties there are two crowds – those who just want to talk real estate, property values and renovations and those who don’t.

Perhaps it is like when you have children and your friends change a little to include those who have kids and you drift a…[Read more]

What low interest rates? Investing and owner occ are the same these days.

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.

There are two ways to go.

Cross collaterising where the bank uses both properties to secure both loans. There is nothing wrong with this however many more sophisticated investors looking at buying multiple properties choose to avoid it.

The second is to raise the current mortgage by enough to cover a 20% deposit and costs and then taking a…[Read more]

Pos cashflow isn’t the only way to make money.

You have done a fantastic job so far.

Whilst there is any prospect of more remarkable growth then what does $200 pw matter?

Remember that if you hold them for 12 months or more the CGT is halved. This saving will well and truly make up for the cost of holding them that long.

When you do sell you…[Read more]