In NSW lease packages can be bought at the Newsagents for under $10. They include a booklet for the tenant on their rights and responsibilities too.

Not sure if the other states are the same but worth checking.

Cheers,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
simon@mortgagehunter.com.au
0425 228…[Read more]

Originally posted by DraconisV:
hmm, so this is how I see it.
You grab a credit card and max it out by transferring the money to an 100% offset account, reducing your monthly repayments but also remembering to take that money back when you need to(free-days expire).
I feel I am on the wrong track to you guys.

Christopher.

Not quite.

You have…[Read more]

Not a market where valuers will go out on a limb and revalue significantly higher within 12 months unless there is a concrete reason – ie new building etc.

Might be easier to refinance with a lender with a more flexible valuation approach and claim the LMI back after the loan is redone.

Not worth it if the costs outweigh the refund and the rate…[Read more]

The cheapest way to sell is the way that gets you the best price in the timeframe you need.

You can sell yourself for no fee and advertising costs. You may sell it immediately or it may spend ages with a sign out the front.

For the 8% the agent may well get you a price from his clients that you may not get on your own.

What rent will you…[Read more]

In NSW Primary and High Schools have Zones. If you live in the zone then they must take your childeren. If you live out of zone you can try for a vacant slot.

Sought after schools tend to be in areas where property holds value well. I would certainly check out the local school if buying 3-4 bedroom family homes.

Cheers,

Simon…[Read more]

I had a quote for floor tiling once that would have made a dentist blush!

I went to Bunnnings and the guy showed me what to do. Armed with all the gear, a mate and a carton of beer we did a fantastic job.

Had trouble getting decent cutting done so I left all the bits that needed smaller pieces. I marked the cuts and took them to a tile place…[Read more]

Mate,

Get on the phone and call some lenders inc banks and credit unions. Aim for a decent personal loan.

After you get the rate under control you can start cleaning up the CRA.

Cheers,

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…[Read more]

Terry is right – no way to double dip on the same property.

If the property is in two titles and you buy one each and you are not defacto or married then it is treated as two seperate transactions – ie you buy each side of a duplex say.

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

Originally posted by lstreet:
Who would be a good financier to go to?????

Woul they still give me a loan to lower the interest rate if i have a bad credit?????

Regards

lstreet

Depends on how bad it all is – why don’t you ring a few banks and see if they will take it on. I don’t work in the personal loan area so cannot be of much…[Read more]

Get a personal loan for the Hire Purchase loan or even both.

You will pay less than half the 24% interest rate.

Keep paying it back at the current rate.

What is your goal? If it is to buy a property then let me suggest something unusual.

Pay the minimum off the personal loan and start saving a deposit.

You will not be able to get a decent…[Read more]

Originally posted by Josh-Prestigeloans:
To better assist, can you please advise which state you are in?

every FHBG differs from every state.

and also listen to Terry

Regards

Joshua McEwen
Finance Broker – WA

http://www.prestigeloans.com.au

Brokers Lic 1297
Licensee Brett Christie

What do you think are the most significant differences between…[Read more]

In Australia the law requires the lender to achieve a fair market price for a mortgage foreclosure.

Selling at a well advertised auction is the simplest way to acheive this and is the usual method of sale.

All those theories on courthouse step auctions and other ways of getting bargains through foreclosures are not applicable here.

Thank…[Read more]

I’m with Scott. They hear of an extreme example and make a story suggesting it is the norm.

Media has so much influence on the markets that they should be more responsible – we all saw how the lifestyle shows about property kept the boom running and running. Now they are doing the opposite and panic mongering.

Simon Macks
Residential and…[Read more]

Don’t scare her with such big ideas. The challenge is to buy your first IP, then your second etc etc

By the time you are looking at your third one she will be comfortable with the idea.

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…[Read more]

Originally posted by lstreet:
Hi everyone!

Im in abit of debt, and was wondering if anyone had a good strategy to help me get out of debt so i can get my credit rating back so i can INVEST!

lstreet

I have a long document I can email to you. Please drop me an email if you would like to see it.

Cheers,

Simon Macks
Residential and Commercial…[Read more]

Start off investing based on fraud and you will end up doing worse things.

If you do claim depreciation etc you will lose your CGT exemption which is worth more than a few bucks a week.

i suggest you just listen to mates who are where you want to be investment wise. Who will take the fall when the ATO seek penalties from you or lay criminal…[Read more]

http://www.strategicwealthmanagement.com.au

tell Nick that I sent you [suave2] I don’t get a kickback but am hoping he will buy me a beer!

Seriously, he has a devoted bunch of investor clients.

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…[Read more]

A NODOC loan will do the job but the drawback is that you need a 30% deposit plus costs to get one.

You may qualify for the FHOG and stamp duty discounts which will help somewhat.

Is a good idea – I have five uni student tenants paying me $550 pw for a house I rent to them. If one opf them was organised he could buy something similar and rent…[Read more]

Quote:

I’m currently doing the push bike thing to try and get fit.. riding 50 minutes to work on a Trek 4900 mountain bike.

Is it working? Your times getting better?

Cheers,

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…[Read more]

Jenman agents are getting less and less every year. I doubt you will benefit much by talking to him. I wouldn’t. He wrote a book that panders to every ill informed persons prejudices against agents. Is like the ACA in print.

I suggest you speak with both agents and go with the one you think is best. If you choose the smaller then he should…[Read more]