What are your plans for the money?

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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.

Wish I could make it down …..

Sounds like some interesting speakers.

Would like to read a synopsis of their points if someone has the time!

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Originally posted by plankton:
What do you hope to get from an Investment group that cannot be obtained through these pages?

Wow, Mortgage Hunter, you really need to lighten up and appreciate many different groups and sources of information all add to the knowledge database.

James.

Thanks James.

Why didn’t you quote the next sentence? In…[Read more]

Originally posted by plankton:
Bristow,

One aim of investing is to “control” the property, not own it. Therefore IO works best for investment loans. P&I is best for bad debt, ie PPoR where you want to pay it off at quickly as possible. This is because bad debt is not deductable, where as good (investment) debt it.

James

Good points James…[Read more]

Just been driving my eldest to Tap Dancing and had a think about this on my way home.

I have put forward quite a valid opinion. An opinion that should be respected as much as I have respected the idea of the Women Only group, and indeed, have wished it every success.

I have called no one names and simply defended my point – and myself.

I have…[Read more]

Originally posted by troynbec:

Leave those who want to do/be better to do so without trying to drag them into your cesspool of misery. if that is what you want to do then start your own club of (as my father would say) miseryguts!
James, you hit the nail on the head
Troy

Troy,

Is that me you are referring to as a miseryguts?

Cheers,

Simon…[Read more]

Investment loans should always be IO whilst you have any nondeductible debt. ie a PPOR loan or any other significant loan such as a car loan or large credit card debt.

Focus on reducing the non deductible debt. The overall debt reduction is the same but the tax benefit improves.

The other time an IO is good is when you are trying to maximise…[Read more]

I have used PIA for some years now. Haven’t tried any others so cannot compare or answer your question.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Originally posted by aanzac64:
If you were thinking of getting the best returns you would have to look at spreading it some what.

Why?

A lot of experts invest in something they are very very good at for superior returns?

Others say diversification = diworsification.

Me? I have no firm ideas either way but wonder why you feel that spreading…[Read more]

http://www.metropole.com.au

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@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.

I see the odd house on a main rd with small billboards for businesses. I think you would have to buy the house on the busy corner to make it attractive …

Also check with council first.

But it might work – I doubt you would make a lot of money but a little wont hurt.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to…[Read more]

I don’t know anything about Mt Morgan. However if I felt that the population is in decline then I would look elsewhere.

Both capital growth and cashflow will be adversely affected by a drop in demand. Why else would you buy something?

Cheap isn’t necessarily cheap if you get my drift …

Simon Macks
Residential and Commercial Finance…[Read more]

In your situation it makes sense to do what you do.

However if you had a dependent spouse with little or no income then earning them money in an ING account might be worth doing. They would pay little or no tax and you still maximise your deductible interest.

Also remember that you have your savings in your IP loan. If you need to redraw those…[Read more]

I would upgrade my PPOR to a lakefront one.

I would then borrow 80% of the value and add to my property, managed fund and share portfolio.

i would consider a decent sized commercial or industrial property if the right one came along.

Would also consider a share in a pub if the right property and partnership was available.

Cheers

Simon…[Read more]

I see they are planning to use superannuation funds.

Perhaps they are looking for the payoff to be at a later date which would suit younger superannuation contributors?

I am the first to admit that sometimes these things aren’t as simple as they look.

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70%…[Read more]

Originally posted by foundation:
Originally posted by Mortgage Hunter:
Not sure if they will let Buy and hold investors use it [biggrin]
They claim they will!

Of course, you have to put in a minimum 50% of valuation (they don’t lend above 50%), and for that, they’ll take around 80% of the capital gain…

The problem would be finding the…[Read more]

They lend you the money. When you sell the property you repay the debt plus a share of the capital growth.

Not sure if they will let Buy and hold investors use it [biggrin]

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Immigration?

Perhaps you should be factoring this in and buying properties that will appeal to retirees? Seachange, no stairs etc

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228 985

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

Those presenters are pretty well respected speakers and investors. I wouldn’t be too concerned about them scamming you.

Their product is simply a tool. If it works for you then use it. If it doesn’t then don’t. But make sure you completely understand what you want from an investment before you start.

All the best

Simon Macks
Residential and…[Read more]

Originally posted by kp:
Hi Markat
I came across these guys recently.
They have one solution that may work for you.
Spent two days with one of the directors, and came away impressed with both their bona fides, as well as the system.

Essentially, they have a full asic approved pds in place, to raise funds for their developments, on which they pay…[Read more]