I meant just give the tenant one contact – yours.

You need to keep track of everything and organise the appropriate tradesman yourself I think!

Cheers,

Simon Macks
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]

Have him call you first.

Find a local handyman who can fix smaller problems and look at larger ones for you.

Then call a local tradesman if necessary.

Should be tradesmen and handymen listed in the local paper.

Cheers,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

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

That is very clever. I think Iknow myself a little better now [blink]

Cheers,

Simon Macks
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 have never seen this situation.

The intent of the 12 months rental deferral was to enable people to let an existing lease run it’s course. Normal residential leases are rarely over 12 months.

Let us know how you go with your extension.

If you do pay it back I think you might then be able to claim it again when you do buy your home?

Let us…[Read more]

Some investors cut their teeth in residential then move up to commercial when they have some experience and capital behind them.

I am looking for my firat comemrcial investment currently and am enjoying reading anyones experience ad advice about them.

Cheers,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not…[Read more]

Make up a little folder with pics and prices of recently sold properties around yours that are comparable. Do some of his work for him.

Have the place looking really nice and be friendly and offer him a cup of tea. Get him to like you and want to do the right thing by you.

These little things work and I have seen significant differences in a…[Read more]

As usual Steve is spot on with his advice.

I suggest you choose one of your current lenders that you are most happy with. Consider upgrading your current loan to the Pro Pack if possible which will save you fees for refinancing the Citibank loan.

Cheers,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be…[Read more]

I am locking this thread until the author lets me know more of his strategy.

If it appears legal then I will unlock the thread.

Remember that even though we might not agree with someone there is no excuse for nastiness [blush2]

Cheers,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to…[Read more]

My position is that the part of the new loan used to pay down the non deductible debt will remain non deductible. I would strongly recommend using a split facility to show the two seperate portions quite clearly.

Will make your life easier come tax time.

Cheers,

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may…[Read more]

Let me know what you want in a loan and I will try to make some suggestions from my experience.

By all means apply direct if you prefer.

All the est

Simon Macks
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]

Sorry to have offended you mate.

Still long on sentiment and short on facts. Lot of people seem interested – can you provide some more detail?

Thanks,

Simon Macks
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]

Maeve,

Welcome to PI.com!

Please let us know how you get along and ask any questions – there are a lot of experts here who are always happy to share!

Cheers,

Simon Macks
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]

Roger,

The first issue is size. Anything under 50sqm is harder to finance. This may not be an issue for you but it will affect the potential market when you decide to sell.

Serviced Apartments are in a similar boat.

Hope this helps a little.

Simon Macks
Finance Broker
simon@mortgagehunter.com.au
0425 228 985

Comments may not be relevant to…[Read more]

Getting There,

I am going to give you the opportunity to convince us that this isn’t a teaser for a pyramid scheme or such.

I am removing the contact email and will delete the whole post in 24 hours unless you satisfy us that this is a bona fide property investing strategy.

And if it is then I will be the first to want to learn…[Read more]

The Utilities bill (gas, water, electricity) do come up when the winter comes. Since tenants still pay the same rent, therefore it’s landlord profit margin that got hit by it. Do you have any suggestion regarding this?

Agreed. Factor it in as a cost of this sort of investment. All of us use more power in winter. Keep control of them though…[Read more]

Woodsman,

Have a read of:

http://www.rba.gov.au/PublicationsAndResearch/FinancialStabilityReview/Articles/fsr_0904_1.pdf

As you can see it is regioanl lenders, credit unions and mortgage originators such as Wizard etc that securitise their loans.

The mainstream lenders such as the big four have a very low number of securitised loans.

Thanks…[Read more]

There is no simple answer to this.

Some houses are better than some apartments and vice versa.

Work out your goals and devise a strategy then get to work is my advice!

Simon Macks
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…[Read more]

It is about the lowest rate available. If low rate is what you want, and lets face it most people do, then go for it.

Ask your wizard consultant if the loans are fully securitised – I believe they are.

This increases your exposure to the Mortgage Insurers even if the loan is under 80% and you don’t pay an LMI premium. At some point this may…[Read more]

Perhaps an accountant might be of more use than a solicitor at this stage.

Where are you located?

Simon Macks
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.

Either this thread gets back on topic or it gets locked.

Play the ball not the man.

Simon Macks
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.