Originally posted by Blakeb:
as the property market is extremely volatile at the moment. Timing is everything at the moment.

Blake can you expound on this please?

Most people are saying that the market is less than volatile with the poss exception of Perth.

I find that my buyers are in the driver’s seat and timing is the least of their…[Read more]

Originally posted by basil:
The example given to me the other day was as follows:

A tennant is in place, they have just lost their job but are sure they will be starting work again in a couple of weeks. They will be able to sort out any outstanding debt when they get their next pay – or over a couple of pays.

I did not want to evict them. The…[Read more]

I almost agree with Maple above. Well I do agree but with one caveat.

There are sometimes people out there who because of their very nature or even just cultural differences need to get everything that can out of a deal and deny you everything they can. When you strike someone like this you have three choices:

Not do business with them.

Give…[Read more]

Not much info here.

What effort will it cost you each week?

What is the risk profile?

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…[Read more]

Originally posted by DLPP:
simon – not much difference until you start looking at the requirements or penalties for not carrying it. I worked as a police officer for about 10 years so I can see many areas where it would be beneficial but I also have a bit of a problem with the big brother intrusions that come with these sorts of things.

I’m 50 /…[Read more]

Sounds like you are happy to are happy to stick with Wizard.

Just remember that they will run out of lending before mainstream lenders. If you keep buying there will be a time that you will need to refinance. Hopefully after the four years [baaa]

I have little experience with FHOG and trusts. Sounds like you may be OK. Might be worth calling…[Read more]

What is the real difference between an ID card and a drivers license?

maybe just that only 98% of the adult population carries one?

(I just guessed that stat [blink])

I carried a workplace issued ID card for years and found it nothing but useful. Was accepted everywhere as ID etc.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

Simon,

1.2% penalty if you sell within 4 years. This is up to $4200 penalty.

Rate isn’t everything mate. List what you wish for in a loan and then reexamine the Wizard loan to see if it suits. You may find it lacks some key features.

But if rate is your only criteria it may well be perfect.

Depending on when the first property was purchased…[Read more]

Just quickly – Interest only is the way I generally take my clients.

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

Have you spoken to Derek yet?

He is a well experienced investor and a compassionate man. Rest assured he will give you a kind ear, reasoned advice and he has no hidden agenda. You will soon understand why he has offered whan you ask him what he does for a living.

I understand that you feel some despair. Rest assured that your family will not…[Read more]

Originally posted by Mortgage Hunter:
Mate – we al lwere at that stage once.

Once you knock those debts over then start paying the same amount into your offset or redraw account. Very soon your equity will build to a point where there is a deposit just waiting for you to use.

Then you have two properties working for you plus your income. Next…[Read more]

Originally posted by 3056:
I understand exactly what you are saying Simon and I take your comment as a compliment. I was just trying to make the point that the problem is the card owner, not the card.

Just like Guns don’t kill people – people kill people?

Point taken mate,

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

Westan is quite correct.

As a moderator I can check the IP address for each post.

The first two posts in this thread were written on the same computer.

Everyone needs to be careful of these sort of posts where people try to ramp up demand and sell info etc. I deleted the links to the products he was selling.

Cheers,

Simon Macks
Residential…[Read more]

Originally posted by voigtstr:
It wouldnt be fair on my partner to dump my debt onto our mortgage.

Have a thionk through your partnership – it makes financial sense for you to pay IO on the mortgage and direct all effort into killing nondeductible debt.

As a partnership you will be financially better off doing so.

Perhaps it needs to be…[Read more]

3056 – that advice was clearly not intended for you. You are the worst of credit card clients from a lenders perspective!

Credit cards and store cards are the number one out of control debt for the people that I help with debt reduction. It is unbelievable how much consumer debt is given to people on very low incomes. They cannot get a 7%…[Read more]

Seem Daz is having as much trouble with the posting buttons as the threas starter!

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…[Read more]

Sounds like it is too good to be true.

Keep your $250.

Buy a couple of books.

Ring up a few of the members here that seem to know what they are doing and let them bang on for an hour – trust me they all love to talk about themselves – that’s why they post.

You can do this yourself. Most people can. Problem is most people don’t.

Hell even…[Read more]

Who believes in Karma?

I have to go around one of my IPs tomorrow and deal with a wasp nest that is scaring my students.

[blink][blink][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…[Read more]

I think you have a point.

It is much easier to apply a set of rules to someone elses strategy more so than your own. Esp if that person is receptive to your direction.

I know my clients finances are usually in better shape than my own arrangements [blush2] But I am fixing that atm!

The mechanics car is run down and the painters house a…[Read more]

Originally posted by Qlds007:
And also don’t get pressured into being told that if finance is approved you have to proceed. It is finance on terms acceptable to you the purchaser.

As usual Richard is spot on and ably filling in my gaps…

Most solicitors will write the clause in such a way that it reads something like:

“Conditional upon…[Read more]