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 deposit is even easier.

I have a bit…[Read more]

Paul,

Just been through your last five posts and cannot see that you were ignored so I imagine you are complaining on behalf of someone else? Can you let me know whom and I will endeavour to rectify it. I hate the idea that a new user is being ignored.

Or are you just generalising?

As far as banning goes it rarely happens. I can only think…[Read more]

Originally posted by Just Learning:
Sometimes I just dash stuff of the top of my head because there is nothing worse than typing a long epistle only to find the thread locked.

So are you saying that when the keyboard engages, brain disengages ?

….and therein lies the problem for newbie posters like me…. experienced posters having little…[Read more]

I reckon between all the members here we must have resources to answer any question.

Who woulda guessed I would be learning heaps about bees today.

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]

Let me apologise for my tongue in cheek post earlier regarding spraying the bees.

I have done it to some effect on paper wasps with no problems. Except that usually I found the nest the hard way and those buggers hurt for ages.

As with all advice I give – Please consult a professional.

Simon Macks
Residential and Commercial Finance…[Read more]

Originally posted by bkawz:
Thanks for all your replies.
I will do a more detailed post later on, as i am busy now.
Flash: My brother and I have been playing poker for 2 years now, so we have saved up a bit. The money is sitting around, so Id like to invest it into something.

Go and pay cash for a home.

Then borrow against it to buy…[Read more]

Whoever told you that is an idiot. If it is an agent then he is pressuring you and you should complain about him.

Ask your solicitor to amend the cotract with a suitable finance clause.

You will be fine then to pull out, stating finance was an issue, and your deposit will be returned.

He is probably telling you the deposit has to be 10%…[Read more]

Originally posted by Nat R:

What I do find amazing is that people who don’t know what they are talking about won’t take advice of somebody who has a better than decent knowledge on how some of these “behind the scenes” things work……yet they all bang on and on about how they are on a learning experience and are keen for…[Read more]

Relax guys.

Nat is not good at showing humility – this is about as good as it gets I suspect. [wink]

No need for everyone to take things personally – I know I don’t and I have had my fair share at the wrong end of Nats attentions.

Lets keep it friendly or the thread gets locked.

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

Forgive me Nat – it is uncharitable in the extreme for me to take any pleasure in you being on the receiving end.

An education in what others experience is quite true.

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…[Read more]

10 Simple rules for Dating my Daughter
Rating:
Quality: (Quality: Unrated)
10 simple rules for dating my daughter
RULE ONE:
If you pull into my driveway and honk you’d better hbe delivering a package because you’re sure as hell not picking anything up.

RULE TWO:
You do not touch my daughter in front of me. You may glance at her, so long as y…[Read more]

Mortein?

Perhaps followed with a surface spray for lingering effect?

be careful tho that you don’t just make them mad. Is there a swimming pool you can jump into for escape like on the cartoons?

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

Comments may not be…[Read more]

Originally posted by Nat R:
Whatever…all I know is that Derivex was a joke (an unfunny one at that) and way way too many people on here who claim they know what they are talking about took it hook line and sinker.

C’mon Nat – you can do better than that.

You are just going on the offensive when someone puts you in the hot seat!

We both…[Read more]

Rob,

That isn’t an easy question with an easy answer.

You really need to sit down with a development financier and go through a lot of questions too and fro to determine your borrowing ability.

Will depend on the project as much as anything.

But with that money saved you will find you can borrow a substantial amount. But don’t forget you need…[Read more]

Highest leverage is to use it as a 5% deposit on residential property.

Comercial will be a 30% deposit

Shares will be a 100% – 30% depending on the quality of the share or MF.

As far as best use for cash flow goes that al ldepends upon yield. A high yielding residential property will give the most bang for buck in general.

Simon…[Read more]

I have never been involved with the Investors Club. However an investor I respect a lot is.

I reckon it is probably not the 100% solution when growing a portfolio. But it is a solid system that has a lot of support built in. When we are starting out the most important thing is to get started and a 90% solution is better than doing nothing. We…[Read more]

Very hard to say whether you are overextended.

Know nothing of your plans or goals let alone what you make each week.

I think the real issue is can you afford to keep this going as is?

If yes then I think you sound like you are doing well. You are buying properties that rent well and go up in value. Keep doing that and some day you will wake…[Read more]

Sage advice from Derek.

I think most couples start with one meber who was gung ho and one who was not so informed and enthusiastic.

I am not surprised that announcing the use of all your equity has her rattled! Would rattle me too.

As Derek suggested why not go and buy an IP.

When the dust settles buy another.

It will all come…[Read more]

For me personally, I have accepted that no one is going to hand me a cash +ve deal on a plate, especially in my choosen areas, and have accepted that in my current situation I don’t have a lot of time to go hunting, so have diverted my available time and energy into other investment options.

regards,

Paul

yes they will. Buyers Agents will…[Read more]

yep

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.