I went through them and thought there was one that had stock?

Why don’t you ask the author himself if he has any or knows where to get them? I am sure he is just an email away.

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]

http://www.google.com.au/search?hs=ZwS&hl=en&client=firefox-a&rls=org.mozilla%3Aen-US%3Aofficial&q=you+need+a+rocket+ayles&btnG=Search&meta=cr%3DcountryAU

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]

We just spent two weeks touring and camping around Tassie. It is a really nice place and well worth a visit.

Went down on the Spirit of Tas out of Sydney which was a good trip too – kids loved it.

Finding it kinda hard to get back into work though…

Cheers,

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

As well as redraw can you topup the mortgages to 95%? Even with LMI this may be cheaper than business finance.

Does the business have any real estate component? If so a mortgage there will be straightforward.

Lastly speak to a business banker about a loan against the business.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

Gimme a break – I was watching a terrific movie on the ABC.

Nice to be back.

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 decision you…[Read more]

Some people believe that the larger a complex the more likely there will always be other properties on sale at any given time. This creates competition when selling and can reduce the achievable price.

I personally don’t know if this is true in effect.

Cheers,

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

Couple of points:

Should read 10+5+5, being two five year options at the tenants discretion to take up. Ensure there is a mechanism to raise rent included in the lease.

All outgoings should include maintenance and insurance – the lease should specify exactly what.

It is vital you get a copy of the lease before you go further – it is a crucial…[Read more]

Originally posted by Dr Y:
If however you are living in the property ignore what I have just said and pump as much cash into the sucker as quickly as you can.

Agreed but ONLY if you plan to live in this property until you die or sell it when you wish to move on.

If there is any chance of you renting this place out at any stage then do not pay…[Read more]

Why do you wish to pay it off so fast?

There may well be another boom in 5-7 years as history might suggest.

If you were to control (not own) 2 or 3 IPs that go up by 50% then surely this is better than one paid off IP?

Not advice – just food for thought.

Cheers,

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

Len,

Checked my emails and you are right – I missed replying to your single email. My sincerest apologies for the distress it seems to have caused.

And thanks for pointing it out several months later in public. It always helps to get constructive criticism.

All the best,

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

How embarrassing [blush2]

I do know other good brokers in Newcastle and am happy to give you their names. Save you pulling the phone book and tossing a dart at it.

Perhaps your accountant knows some too?

Cheers,

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

Good advice.

Except for Len’s. Given that each submitted application will find it’s way onto your CRA I would not advise applying and swapping lightly.

Also remember that this professional will do the bulk of his work for you at the very initial stages. So if you see several and let them all come up with proposals you will in effect be wasting…[Read more]

Matt,

You want a mentor – in fact a proven mentor.

What are you willing to offer in return? What can you bring to the table?

Or are you hoping for a kindly old fella who will guide you to success from the goodness of his heart? [biggrin]

All the best mate

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

In todays buyers market an agent would be a fool not to try to get his vendor to accept a lower deposit.

It is generally the vendors solicitor who insists on the 10%.

This is so that if the buyer defaults there is sufficient monies held for penalty payments, costs etc and noone has to chase you for the rest of it.

Cheers,

Simon…[Read more]

Some lenders will allow the loan to be in both names whilst leaving the title in one name if you treat yourself as a defacto couple on the application.

Then of course she will legally be no longer entitled to the FHOG, but at least you wont have to pay the stamps twice.

Cheers,

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

Risk and return has a strong relationship. Basic stuff folks.

For 24% pa – more actually after compounding effect the risk is going to be higher than a term deposit.

I wouldn’t be placing all my eggs in this one risky basket and I doubt that any professional would call that good advice Aussie Lad.

Each to their own tho.

What would I do?

I…[Read more]

There are a few more options. Some costlier than others.

The PPOR could be sold to a spouse or a trust. Sell it for full worth and borrow this plius purchase costs and then you have it geared 100+%. Downside is there may be stamp duty involved.

You can borrow against the IP to fund the new PPOR. Keep this loan on a split and IO. All income…[Read more]

Brett,

Don’t fall into the trap of needing to have a lovely home as your starter home. That is something you work towards.

Alternatively view it as an IP that you need to live in for 6 months in order to get the FHOG ans Stamp Duty exemption which in Sydney is worth more usually.

Lastly you don’t need a financial advisor. They usually deal in…[Read more]

What security are you offering and what are you willing to pay?

There is always money available and these are the key issues usually.

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…[Read more]

I know quite a few up here being in the Industry myself and in Newcastle. I can send you to any number of them. Just let me know what sort of thing you are after.

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]