Investment loans are the same interest rate.

Time is not an issue at all.

if you want to wait then just take an investment loan then move in whenever you like.

Whether you start with an investment or home loan makes no difference down the track and the lender doesn’t mind if you move in or not.

I suggest you call a good broker for a chat about…[Read more]

Originally posted by gronk007:
Very true – I also earned doing Economics to diversify, and not too put to many eggs in one basket/suburb!!

You reckon diversification kicks in at IP number one?

Also diversification is not always good – is a security blanket for mediocre performance.

Also diversification means one property already time for cash…[Read more]

I think it can be a good idea to buy in the area that you know really really well and think is great – most other people will probably feel the same. It is demand that drives prices as we learned in year 11.

All the best with the purchase!

Cheers,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228…[Read more]

Your accountant doesn’t know everything.

Ask depreciator about his guarantee – if you don’t get more back than the cost of his report then the report is yours to use for free.

How can you not get one done on that basis?

Cheers,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

Buying through any investment companies – bad.

There may well be some bargains coming up after the oversupply and the drop in foriegn student numbers but it isn’t a market I am interested in.

Cheers,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual…[Read more]

I disagree with Aperry. I think it vital that you see the council planner and see what the zoning is and what is permitted. What’s the point doing a design if you don’t know the basics first?

I have done it numerous times and they are always very helpful to me.

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

Kim,

Honeymoon rates usually lead onto a higher priced product afterwards – I rarely sell them.

If you can advise where you are perhaps I can suggest a broker to help?

Cheers,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend…[Read more]

Knowledge is vital in property investing.

The market has slowed and you can afford to take the time to educate yourself. Attend the seminar, read some books and talk to some investors.

It isn’t rocket science but it is important you understand the basics.

I bet you know more than you think – esp if you already have a home. An IP is a home…[Read more]

I very much doubt it.

Also cladding a weatherboard home should be a crime!

Cheers,

Simon Macks
Residential and Commercial Finance Broker

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.

I very much doubt it.

Also cladding a weatherboard home should be a crime!

Cheers,

Simon Macks
Residential and Commercial Finance Broker

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.

I think she means Capital Gains Tax Free when using it as her home.

Cheers,

Simon Macks
Residential and Commercial Finance Broker

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.

He is very rude.

I am in Newcastle but get to Sydney every now and then.

Post your questions here if you like!

Cheers,

Simon Macks
Residential and Commercial Finance Broker

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…[Read more]

Read everything you can here.

Read as many books as possible – do a search here for the books recommended by investors.

See a broker and determine your price range.

Start looking at open homes every weekend. Aim to see 20-50 properties so you can get feel for what is a good buy or not.

Find another investor who lives nearby and buy him/her a…[Read more]

Adam,

Welcome to our forum and I am sure you will get out whatever you put in.

As a start you should aquaint yourself with the search function. You will find that there is an enormous amount of info here that will help with all your questions.

You have asked some very open questions… to get you started – an offset account is an amazing…[Read more]

I was in the Army with a young guy named de’Ath. Of course his name tag was block letters and no punctuation so he became the fearless Captain DEATH.

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment,…[Read more]

You should give Richard a call and see what he can suggest.

Cheers,

Simon Macks
Residential and Commercial Finance Broker

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.

I do it and it is great – more hands on but working well.

Cheers,

Simon Macks
Residential and Commercial Finance Broker

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.

There is not enough info for any decent advice here.

I suggest you get a good broker onside. Where are you located?

All the best,

Simon Macks
Residential and Commercial Finance Broker

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]

http://www.depreciator.com.au

I use him as do many other investors!

Cheers,

Simon Macks
Residential and Commercial Finance Broker

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.

Why do you say banks have put the brakes on? I am finding them keener than ever to do deals?

I also suggest that a short term fix at 5% per month can easily turn into a very expensive millstone should things not pan out. Far better to sell an asset than get stuck with a mortgage annualised at 100% pa.

Please be careful folks when considering…[Read more]