Can you utilise any equity in the first two IPs?

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.

Rob is a free spirit in every sense of the word. He probably sensed his work here was complete and there were others to be helped.

He will return.

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]

Here – what is the problem with this thread at the moment?

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 doubt you will find a LODOC to meet your needs. You might actually have a lot of trouble if I understand you right.

Be careful that it you do find something it is not really high interest with enormous break fees.

All the best,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not…[Read more]

Well it is a buyers market at the moment so you should negotiate hard.

Advice I sometimes offer is that an offer isn’t low enough unless you are almost too embarrassed to say it.

I would go 20% at least!

All the best,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant…[Read more]

What about my dog Rosie?

She shares an office with me, accompanies me to the PO every morning.

Her work ethic is poor though. She sleeps a lot when she should be working and her telephone manner is appalling.

I think if she was an employee she would be out of work!

Cheers,

Simon Macks
Residential and Commercial Finance…[Read more]

Spot on Jacob.

You need to occupy the property for 6 months commencing in the first 12 months.

If something unforeseen comes up then you have grounds to ask to keep it regardless. Things like job transfers or illness have been successful in the past.

Prior to June 2000 if you owned an IP you couldn’t get the FHOG. If you owned one after this…[Read more]

http://www.navra.com.au

I would recommend his weekend course to everyone. I did it this year and learnt quite a few things.

Is relatively inexpensive compared to most.

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]

Think you were right to trust your spidey sense there

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.

They approached you cold?

I think that if they were good then they would have a waiting list of clients.

This website is a great resource and costs nothing!

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…[Read more]

Steve Navra is the only advisor I know who believes in property as well as shares.

I am sure there are others.

Be careful you aren’t getting into shares at the end of the boom. Thats when the majority of folks feel confident enough to get in and it is sometimes too late.

You need a plan and stick to it!

Cheers,

Simon Macks
Residential and…[Read more]

Typically they haven’t performed as well in the CG area.

But I have been reading a lot about the new demographics and some writers are suggesting that there are more and more single people staying single. I wonder if this will lead to a greater demand for this style of accomodation?

It sounds like a pretty easy rental and quite affordable. But…[Read more]

You will not lose your FHOG if you buy an IP and do not occupy it.

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 use Property Manager Pro which is easy enough and pretty cheap.

There is possibly better stuff out there.

What do others use?

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]

Add the total loan sizes and divide by the totol of the valuation on the existing and the purchase price of the new property.

If the result is a loan of 95% or less of the security values then you may have some options.

Or speak to a broker – a quick call or email will soon see if you are in business or not!

Cheers,

Simon Macks
Residential…[Read more]

There is also the fear that burglars use open houses to case the joint. Some even suggesting they discreetly unlock a window whilst pretending to be interested in buying….

Is something to be careful of when selling the family home!

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may…[Read more]

Collie,

Is it a purpose built student accomodation or simply a larger house. If the latter then it will be treated as a normal residential loan.

I furnished mine mostly through garage sales etc but did buy new whitegoods with extended warranties.

You may be able to use the existing property as security – it all depends on the…[Read more]

Me too

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.

Where are you?

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.

That is an impossible question to answer given no info.

It is all dependant on the contract you have signed. I suggest you speak to your solicitor and ask him what avenue you have to pull out.

All the best,

Simon Macks
Residential and Commercial Finance Broker

simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to…[Read more]