Using their funds to reno a block of units is high risk. They are right to be concerned.

I suggest you borrow a set amount from them and do a single dwelling first. If you prove you can make money then do it again or do it bigger.

But get some miles up before you tackle an entire block with your parents life savings!

Cheers,

Simon…[Read more]

They appear to sell you investment properties with all the associated services thrown in – a one stop shop if you like. Have no doubt you will pay for this – either as a fee or built into the purchase price.

There are plenty of companies doing this. If you are new and wish to have your hand held or are willing to pay someone to help because you…[Read more]

My strategy is to be an expert in my area and buy properties that are well priced.

I would hate to be the “Rich Guy” from Canberra who buys something the locals have left.

But any strategy can work and using a good buyers agent will reduce the risk considerably – for a price.

All the best

Simon Macks
Residential and Commercial Finance…[Read more]

What do they do?

Sounds like a pretty generic nondescript name that could cover all sorts of things.

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 individual circumstances. If you intend making any investment, financial or…[Read more]

I suspect it is an American term and you may not find an answer on this Australian forum.

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 individual circumstances. If you intend making any investment, financial or taxation…[Read more]

Is it worth building on it?

Then renting or selling for a better profit?

If you hold it can you reasonably expect growth? You need decent growth to make up for the shortfall in rent and tax deductibility I think.

Land is seldom a great investment unless you can resell easily or change it by building or subdividing.

I suspect you need to write…[Read more]

I think your current “feelings” will limit what you can achieve.

How about considering this:

Buy a cheaper unit now. Get an IO loan for 80% of price.

Put all funds into an offset account and “save” a 20% deposit in there for your home purchase.

When you need it – buy the home and keep the unit as an investment.

Many people here start off…[Read more]

Plenty of people are suggesting it is now a buyers market.

If you intend holding property for the long term then I suggest that there is no wrong time to buy.

All the best

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]

Actually very few do use a rebate as part of their business model. None I know personally do so.

There are a lot left over from the halycon days of the recent boom. Time should sort out those who are worth keeping I hope.

Good pojnt.

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

It is a pretty vague goal to determine.

How do I know when I have reached absolute happiness? Everytime I feel happy there seems to be more happiness beckoning!

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]

Quite straightforward and I am surprised your professionals are all over the shop advicewise.

You have 6 years CGT exemption up until you buy another PPOR. If your old one is for sale the periods can even overlap by 6 months.

So when you buy another PPOR you should get a valuation done, on the first one, to “lock in” any growth experienced.…[Read more]

Yeah – refer me the hard ones [blink]

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.

Cars are cheap in NZ because they have less strict safety standards. Second hand Japanese vehicles have flooded the market. These vehicles are not manufactured to Australian standards and wil lrequire some modification to comply as well as duty to be paid.

it isn’t worth the effort.

Sorry to rain on your parade mate.

For cheap flights check…[Read more]

Originally posted by DIY Investing:
Yes – I would be very interested in anybody’s feedback.

DIY Investing
Discounted Financial Products
http://www.diyinvesting.com.au

Nice website.

I have never heard of BMC as a lender. What sort of rates do they offer?

Why have you chosen to offer your clients just the one lender? I am impressed – my business…[Read more]

You may very well need to get council approval. Which may only be forthcoming if the tree is dangerous.

Best to check if this is a deal breaker for you.

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…[Read more]

Originally posted by wealth4life:
Jessmont well said,

Hey just had a thought, how much money are each of the moderators worth and what is their opinions on wealth creation.

D

Doubt many of the mods will answer that one!

My theories are well enough documented on this forum now. They closely follow the principles espoused in Jan Somers books…[Read more]

I think you are spamming into the wrong company here mate. This is an Australian based site, which you may have noticed had you read a bit further.

Good luck elsewhere.

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]

I actually find it pretty tricky to predict where we are on the investment clock right now. Perhaps we can look back with hindsight and it will be clear.

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 individual…[Read more]

Originally posted by wealth4life:
Oh Simon 3 women in your life god is giving you a lesson i am sure ha ha …

And my dog has just come on heat…..

it would probably be wrong to generalise too much. I am well aware of many of the differences between the sexes but am yet to understand (besides communications) how they differ investment wise.…[Read more]

What do you think will happen?

What has happened in the past?

Have you heard of the concept of the investment clock?

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 individual circumstances. If you intend making any…[Read more]