I strongly recommend Kristine.

0411 525 565

We are not associated in any business sense and I will receive no kickbacks. I have just found her to be a very friendly, experienced and capable broker. Ask her about her property development experience.

Good luck,

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

I think a share portfolio complements a property portfolio.

Good yield and should get some growth when it is the stockmarkets turn to boom.

Cheers,

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

I think if you explained your issues with the Office Principal they might very well waive the one month wait. Esp when you point out that you will be calling ACA [:0)]

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

vik_fam,

Why don’t you try with a post on this forum?

Cheers [8D]

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

Get some advice from the department of fair trading about recovering some of those charges.

Find a new PM and have them release the place.

You may well have to cut your losses and put this down to experience. This sort of thing is fairly unusual.

I am sure you have learnt from this.

Good luck for the future.

Simon Macks
Mortgage…[Read more]

1/100 yr floodplain will add a degree of difficulty to your finance but don’t let that stop you.

Cheers

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

It is worth doing.

The difficulty is finding the block at the right price.

Finance isn’t the issue if the numbers stack up.

Cheers

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

I know it is hard but cashflow deals are still there. I have two atm and only want one.

I also have a colleague with some in Qld.

If I can help anyone who is looking in the Hunter Valley or Qld please email me.

I am not selling anything so please don’t give me a hard time []

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

Knowing that you have repairs to pay I would suggest that you renegotiate the price.

Perhaps even factor in some more for the neighbours []

You would be surprised what you can do if you try!

Good luck,

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

I shouldn’t imagine there would be any difference.

If you were planning on setting the rate at your rate + 2% then this would still be easily figured using current rates.

You will be taxed on the full amount tho.

Cheers,

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

Why do you need to x-coll? Can’t you just draw a 20% deposit from the growth and then seperately finance the next one?

And you are right – I have much to learn about financing wraps. My expertise has been the refinance when they cash out.

Cheers,

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

That CGT is halved after 12 months though.

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

Maybe…

It was one of the big four banks and a very sophisticated client.

The five properties concerned were over $1M worth so $40K wasn’t a big call to find.

That wasn’t a very good example – just trying to illustrate a point of how things can be worked out if everyone works together.

I can assure you that this was all above board.

Simon…[Read more]

OK They are an originator using funds from Bendigo Bank.

http://www.sapphiremortgageservices.com.au

Very competitive rates.

I am sorry but I have had no experience with them.

Let us know how they go.

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

Is that the lender or the brokers name?

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

Mary,

A bit hard to give any advice without specifics…

Are you saying you need another $10 000 equity to draw for the next purchase?

There are a few banks that value only to confirm that your valuation is in the ballpark. I have one banker I use that sent his valuer out again with the instruction to find another $40 K so the next deal would…[Read more]

One way is to buy them under market valuation then get them revalued and using this added capital to fund the next purchase.

One can also increase equity in other ways such as a reno or even just build something like a carport.

This recent market also helps to get the values moving quickly!

This is usually a process not a matter of buying 130…[Read more]

Exploring Terry’s idea further perhaps you could build on them and realise a higher profit or keep them as rental properties?

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

I think it a good idea to run deals for comment.

Be careful of identifying them though as you might find someone else likes it too!

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

Fellow Novocastrians,

Lets set this up.

Email me with the subject Newcastle Meeting and we can organise a sunday lunch at the Brewery or somewhere similar.

Or a BBQ at my house, I am fairly central in New Lambton and now that Spring is here and I am itching to fire the BBQ up.

I am an investor myself and well networked into the local market -…[Read more]