PropertyInvesting.com | Mortgage Hunter | Activity https://www.propertyinvesting.com/members/mortgage-hunter/activity/ Activity feed for Mortgage Hunter. Wed, 15 Apr 2026 00:50:25 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 0e433f485abc0a50c0ae2f148c9964ab Mortgage Hunter started the topic Sell by owner -Student Rental in the forum Help Needed! https://www.propertyinvesting.com/topic/4993141-sell-by-owner-student-rental/ Mon, 28 Jul 2014 01:06:57 +0000 So my house is a bit different.

I was hoping to get it on the market myself just to test the waters. If there was strong demand I could sell it myself but if there was no interest I could get an agent involved later.

What sort of strategy would you guys suggest? I am not after the normal home buyer, not even the normal investor. This lends…[Read more]

]]> 5532a301f67c513f5b4a343ccd1d3c6e Mortgage Hunter replied to the topic Carpet cleaning (Sydney) in the forum Value Adding https://www.propertyinvesting.com/topic/4391593-carpet-cleaning-sydney/#post-4578233 Tue, 04 Dec 2007 21:18:21 +0000 I find CHEMDRY is more expensive but gives a much better result.  They use a different process.Cheers,

]]> a5e951e01d1f432b816c7be73ed94db1 Mortgage Hunter replied to the topic Nail in the chest! in the forum Value Adding https://www.propertyinvesting.com/topic/4391577-nail-in-the-chest/#post-4578120 Mon, 03 Dec 2007 11:00:33 +0000 Wow, Thats impressive.Well done mate – glad you didn't die.

]]> 43f59ed2566e210c4c4be4c1525df034 Mortgage Hunter replied to the topic banks vs non-banks for loans in the forum ANZ Breakfree is a good https://www.propertyinvesting.com/topic/4391561-banks-vs-non-banks-for-loans/#post-4578051 Fri, 30 Nov 2007 22:33:39 +0000 ANZ Breakfree is a good product and there are similar products with other lenders.Definately use a good broker as he will know each lender and also how they are travelling at that time with approvals and processing times.  Sometimes banks fall behind others causing delays.Cheers,

]]> 806bd858ce5edf6c78612f22df899a41 Mortgage Hunter replied to the topic woud you sell? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391560-woud-you-sell/#post-4578048 Fri, 30 Nov 2007 11:10:30 +0000 How much lazy equity do you have?One strategy a number of my contacts use is to get their lazy equity working to gear into an income fund which covers the negative gearing shortfall.This is not for beginners but works well in the right hands.  I can send you some links if interested – just email.  I am not selling anything here nor making any m…[Read more]

]]> 24b561f10314a63c41a50d7069635381 Mortgage Hunter replied to the topic Can I claim interest ? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391552-can-i-claim-interest/#post-4577979 Thu, 29 Nov 2007 13:22:42 +0000 I believe your accountant is right.

]]> 99fe4696da32fc3e50feb2907e793a03 Mortgage Hunter replied to the topic Struggling to find lender in the forum Have you asked for a copy of https://www.propertyinvesting.com/topic/4391484-struggling-to-find-lender/#post-4577451 Wed, 28 Nov 2007 07:23:55 +0000 Have you asked for a copy of your credit report?  This is your first step.I reckon that you will be able to do something if you use a decent broker.  I doubt going to NZ will help much as I believe Aus and NZ share credit info now – but I may be wrong??Cheers,

]]> bd44bda1944f15d24da3657181b6b4eb Mortgage Hunter replied to the topic Working together? in the forum Creative Investing https://www.propertyinvesting.com/topic/4391541-working-together/#post-4577935 Wed, 28 Nov 2007 07:22:01 +0000 Sounds like a nightmare to me.Putting up with other shareholders, keeping all informed and trying to get decisions made – then split the profit.Who decides when to get out?  What happens when one gets married and wants to buy a home?  How does he get out?I reckon you are much better off buying alone.None of you will be able to use the property t…[Read more]

]]> 17eb353e1f27f07204c9cd452f7d00e1 Mortgage Hunter replied to the topic Im new to this and stuck for options, please help in the forum Help Needed! https://www.propertyinvesting.com/topic/4391540-im-new-to-this-and-stuck-for-options-please-help/#post-4577933 Wed, 28 Nov 2007 07:10:59 +0000 Take your time mate, no need to run before you walk, the property market isn't booming at the moment so you have time to do things properly.Doing things with a stranger doesn't speed up the process, it can even slow you down as he will want his piece of your pie at every step.A better idea is to do something with family where they can trust you…[Read more]

]]> 2dba75c9971128e65da4d2b0b8a7319a Mortgage Hunter replied to the topic House or duplex in the forum Help Needed! https://www.propertyinvesting.com/topic/4391530-house-or-duplex/#post-4577809 Tue, 27 Nov 2007 12:19:18 +0000 Are you planning on building to sell or to rent out?Speaking to agents about the end value of units vs houses and also the expected rental should help you decide.  You also need some idea of costs.Valley Homes has some terrific duplex designs and they are in our area.Cheers,

]]> a41428106235ddbd7921f2598eee2b56 Mortgage Hunter replied to the topic Should I refinance? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391525-should-i-refinance/#post-4577788 Tue, 27 Nov 2007 01:00:05 +0000 That means he now has a fully tax deductible debt of $330K (the new mortgageis in his name).You now have a lump sum for the new PPOR.If you didn't change anything you would have to borrow much more for the new home and none of this debt will be tax deductible.Is that clearer?

]]> 4dbac6b7771b6ae4c59287516969bfbd Mortgage Hunter replied to the topic Should I refinance? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391525-should-i-refinance/#post-4577786 Mon, 26 Nov 2007 22:50:40 +0000 I would consider "selling" the property to your husband.   Sell it for the full valuation price and he should borrow enough to pay you the full amount plus all of the expenses associated with the transfer.He will now have a fully deductible loan for the whole amount.You will have $140 000 that you can use for the new home.I would prefer to see y…[Read more]

]]> c0cc20e89df2f08f67939898c5afada7 Mortgage Hunter replied to the topic investing wisely with $200k in the forum I would consider buying with https://www.propertyinvesting.com/topic/4391527-investing-wisely-with-200k/#post-4577800 Mon, 26 Nov 2007 21:08:46 +0000 I would consider buying with a 20% deposit and taking an IO loan.Save all you can in an offset account.As you buy further investments use 100% IO loans and continue to save in the offset.If you need to use offset cash then transfer it into the home loan and then redraw it via a new LOC.This will ensure you have the most tax effective and future…[Read more]

]]> 5353fcc5104b8d81c16b2ed16bd0967a Mortgage Hunter replied to the topic Should I refinance? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391525-should-i-refinance/#post-4577784 Mon, 26 Nov 2007 20:26:19 +0000 You don't need to refinance just because you are now renting your IP.Selling into a trust does work but it adds a layer of complexity that you may not want.  The same can often be achieved by selling to a spouse or selling a half share to a spouse.I suspect you might be best sitting down with a broker and discuss your options – but be careful…[Read more]

]]> cbf25f08706d2a9837a24da855f59b58 Mortgage Hunter replied to the topic investing wisely with $200k in the forum Use all your money for your https://www.propertyinvesting.com/topic/4391527-investing-wisely-with-200k/#post-4577798 Mon, 26 Nov 2007 20:05:56 +0000 Use all your money for your PPOR if you intend living in it for the long term, then borrow for IPs.If you decide to buy a PPOR for a short term then it doesn't really matter.If you buy a PPOR with the aim of it becoming an IP later then use minimal amount of your own cash but keep the remainder in an offset account.Hope this helps

]]> a480a3711371064992f0f5236ddaabd3 Mortgage Hunter replied to the topic Land as investment in the forum Help Needed! https://www.propertyinvesting.com/topic/4391522-land-as-investment/#post-4577773 Sun, 25 Nov 2007 22:24:06 +0000 Why do you want to buy it?What goals are you trying to achieve by doing so?

]]> 17f476c86e2e7694b22c8239d4db6221 Mortgage Hunter replied to the topic Need some advice form a good mortgage broker! in the forum Finance https://www.propertyinvesting.com/topic/4391473-need-some-advice-form-a-good-mortgage-broker/#post-4577392 Sun, 18 Nov 2007 23:56:46 +0000 Well you need to either increase your income or decrease your expenses.Have you done the sum on refinancing even after factoring in the break costs?  It is probably not worth it but good to do the exercise.Have you got your loan on interest only?  This will reduce the outgoings until things are more comfy.Have you any ways to increase your i…[Read more]

]]> 7642f3e8a70b0066a36ad3ce859c00c8 Mortgage Hunter replied to the topic advice needed in the forum Help Needed! https://www.propertyinvesting.com/topic/4391469-advice-needed-25/#post-4577383 Sun, 18 Nov 2007 23:49:11 +0000 A lot depends on your current loan size.But you can probably access 80% of the growth in a seoerate LOC which you can use for investing.  This may be enough to help with a deposit on a similar priced property.If you choose the right lender they may even value it higher than you suggest.  Always estimate it a little higher on the application.  No…[Read more]

]]> 2a6056a527c49bbe0d84aa88e2d0efae Mortgage Hunter replied to the topic written offers in the forum Help Needed! https://www.propertyinvesting.com/topic/4391466-written-offers-2/#post-4577365 Sun, 18 Nov 2007 23:21:44 +0000 An offer is not binding.  A contract is although you can exercise your cooling off option.You need to understand this a little more before you get to a stage of making multiple offers.  I suspect that if you are making multiple offers you have either stumbled onto something really special or you are not being discriminating enough in your selection.Cheers,

]]> 333b1bfaa04114df4152abeacf558214 Mortgage Hunter replied to the topic What do I do with Council Bully? in the forum Perhaps write to your local https://www.propertyinvesting.com/topic/4391462-what-do-i-do-with-council-bully/#post-4577342 Sun, 18 Nov 2007 03:42:59 +0000 Perhaps write to your local member?  Or speak to the Mayor?  Or General Manager at the council.No point talking to some low level clerk with an inflated sense of his own importance – talk to a decision maker.Ciao,

]]> b490490e2a468fd84ffaff9786d25fec Mortgage Hunter replied to the topic Any ideas on creative refinancing please? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391465-any-ideas-on-creative-refinancing-please/#post-4577357 Sun, 18 Nov 2007 03:26:19 +0000 If serviceability is a bank problem but you are happy to maintain the payments then consider a NODOC loan.

]]> cfc804a0e044ea62f74ca6cacaa8c6af Mortgage Hunter replied to the topic New Investor seeks help in the forum Help Needed! https://www.propertyinvesting.com/topic/4391458-new-investor-seeks-help-2/#post-4577319 Fri, 16 Nov 2007 04:01:47 +0000 Yeah, don't touch serviced apartments, purpose built student lodgings and most studio apartments.They appear to yield higher to make up for the high fees and lack of CGT.  You also need a much larger deposit as the banks don't like them either.They are targetted at naive investors who think that they have discovered something new.  We have all b…[Read more]

]]> 05b991ec58fd57c0473b938f2ac28b67 Mortgage Hunter replied to the topic Looking for a good financial advisor/broker in the forum Help Needed! https://www.propertyinvesting.com/topic/4391426-looking-for-a-good-financial-advisorbroker/#post-4577157 Tue, 13 Nov 2007 22:46:58 +0000 Mortgage Hunter wrote:
I think you would struggle to find a financial advisor who will doi anything but advise you to buy shares.I do recommend this course to people like yourself.  It is exceptionally inexpensive and the best value I have ever had.http://www.navra.com.au/index.asp?content=scheduleNone are listed for Sydney atm but they do have…[Read more]

]]> 1341d428aaed719c98f4c4933e06103f Mortgage Hunter replied to the topic Looking for a good financial advisor/broker in the forum Help Needed! https://www.propertyinvesting.com/topic/4391426-looking-for-a-good-financial-advisorbroker/#post-4577155 Mon, 12 Nov 2007 06:50:31 +0000 I think you would struggle to find a financial advisor who will doi anything but advise you to buy shares.I do recommend this course to people like yourself.  It is exceptionally inexpensive and the best value I have ever had.http://www.navra.com.au/index.asp?content=scheduleNone are listed for Sydney atm but they do have them fairly often.  If y…[Read more]

]]> 2ca19a240b82ad7db9591f7848747fc0 Mortgage Hunter replied to the topic First step advice in the forum Help Needed! https://www.propertyinvesting.com/topic/4391427-first-step-advice/#post-4577160 Mon, 12 Nov 2007 04:15:49 +0000 If my Dad was a builder I would be talking to him first.  Explore the possibility of buying land and building a house to sell on it.  If you do this a couple of times you will soon have enough savings to keep one as a pos cashflow rental.  Keep doing this cycle and you could be wealthy by 30!He should be able to build one for you at an at…[Read more]

]]> 64c68eaad07a683fd4edf08b43fb4747 Mortgage Hunter replied to the topic Selling half a property to family in the forum Help Needed! https://www.propertyinvesting.com/topic/4391411-selling-half-a-property-to-family/#post-4577078 Mon, 12 Nov 2007 01:09:39 +0000 The price will be whatever the two parties agree for it to be.  There is no set requirement.I personally don't like the idea of half shares.  I would be happier if they could buy it outright.  Perhaps they are happy to have the father subsidise their cost of living but the arrangement you suggest will not help either party if they later want to se…[Read more]

]]> 4ae919281217ec8537ca3c41dd02745a Mortgage Hunter replied to the topic how far back can you go......... in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391406-how-far-back-can-you-go/#post-4577061 Sun, 11 Nov 2007 23:04:13 +0000 Get a report done anyway.  Firms like http://www.depreciator.com.au have a good guarantee that they will not charge you for the report if it doesn't pay for itself in tax refunds.I believe you can go back four years but this may have changed since I was involved in helping someone backdate them.  Easy enough to find out if you call the ATO or your a…[Read more]

]]> ef96e94afde271441a27f370505a6cc1 Mortgage Hunter replied to the topic Is it my responsibility or the Body Corp? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391412-is-it-my-responsibility-or-the-body-corp/#post-4577086 Sat, 10 Nov 2007 09:43:05 +0000 If it is outside of the airspace and "inside paintwork" of your unit then it is the body corporate.You just own the airspace within your four walls – and technically the paint on the inside.  Everything past the coat of paint on your internal boundary walls belongs to the BC.   Technically you need their permission to put a nail into a wall on th…[Read more]

]]> 9942d8f595c63a9693be4b6812d5d732 Mortgage Hunter replied to the topic Student Accomdation in the forum Help Needed! https://www.propertyinvesting.com/topic/4391387-student-accomdation/#post-4576974 Wed, 07 Nov 2007 23:29:47 +0000 millions wrote:
Simon, is your property vacant over xmas holidays?  Do you advertise the rooms at the uni and manage it yourself?  Do you furnish each room?  Thanks

I take ESL students over summer for about 75% of the normal rent.  I advertise at the uni online and manage myself.  I also advertise on another website for specific students as I…[Read more]

]]> 7d4ff215a89eb5563a9e3dafbbce7184 Mortgage Hunter replied to the topic Student Accomdation in the forum Help Needed! https://www.propertyinvesting.com/topic/4391387-student-accomdation/#post-4576973 Wed, 07 Nov 2007 05:43:05 +0000 I have a student place.  Five bedder 400m from uni.  Cost me $315K and returns $540pw.Looking at another with even better numbers and better tenant.Ciao

]]> b7e88bb65f4549140197bfb1d81b3e4a Mortgage Hunter replied to the topic Student Accomdation in the forum Help Needed! https://www.propertyinvesting.com/topic/4391387-student-accomdation/#post-4576968 Wed, 07 Nov 2007 04:30:09 +0000 You wont build equity fast.  Except for the fact that lenders will require a higher deposit as they view these as higher risk.The high rent is the trade off mate.  Do a search of this forum and see that many new people look at these and serviced apartments first.  Most end up with straight residential property.Ciao,

]]> 5c2486d2f15cebb73abbef7f3c22e62d Mortgage Hunter replied to the topic How do they check PPOR for FHOG? Anyone been checked? in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4391381-how-do-they-check-ppor-for-fhog-anyone-been-checked/#post-4576923 Tue, 06 Nov 2007 19:52:49 +0000 Your friend is contemplating fraud.The upside is that if he does voluntarily repay it, and doesn't occupy the house, he will be able to claim it for his next home.

]]> 6634210fecfe8bdd20007678a534277e Mortgage Hunter replied to the topic First Time Investor Seeking Depreciation Schedule in the forum Help Needed! https://www.propertyinvesting.com/topic/4391376-first-time-investor-seeking-depreciation-schedule/#post-4576908 Tue, 06 Nov 2007 19:50:23 +0000 I use Depreciator as well.

]]> 50cc5de6af4d731a9df3b81af5726317 Mortgage Hunter replied to the topic Cost of demolishing? in the forum Value Adding https://www.propertyinvesting.com/topic/4374322-cost-of-demolishing/page/3/#post-4478278 Tue, 06 Nov 2007 19:48:04 +0000 Mortgage Hunter wrote:
Being WA it is probably brick. Less material to be salvaged and resold I imagine? I am looking into the same for a timber house. Seems some folks will take them for free or demolish them for scrap as suggested. Cheers, Simon Macks Mortgage Broker http://www.mortgagehunter.com.au 0425 228 985 Comments may not be relevant to…[Read more]

]]> f8e215776cf9b4bf058900470ad07004 Mortgage Hunter replied to the topic Where do I start in the forum The Contrarian wrote: Hi https://www.propertyinvesting.com/topic/4391375-where-do-i-start-6/#post-4576905 Tue, 06 Nov 2007 06:04:36 +0000 The Contrarian wrote:
Hi Jodie,I would try to consider what INCENTIVES there are for people to live in a unit in Tamworth.I believe the main incentive would be for people to SAVE MONEY.People in Tamworth will not pay top dollar for a "prestigous" unit… NOR will they pay top dollar for "convenience"…If they had the money, they would either:…[Read more]

]]> 586209fdc543bed6f83d7b43d2c7e93b Mortgage Hunter replied to the topic Pups for sale in the forum Heads Up! https://www.propertyinvesting.com/topic/4391334-pups-for-sale/#post-4576747 Tue, 06 Nov 2007 04:42:53 +0000 tammy wrote:
very cute!!!! Did I count correctly? 10 puppies!!!

The vet did an ultrasound and told me to expect four pups.Bit of a surprise when labour finished and left me with ten!  All healthy as was mum.Put an ad up on the trading post for the weekend and sold seven.  I have a little black boy and a very sweet black girl left and a very c…[Read more]

]]> 9fe9f0c20fcd1591e6c80879eb0cafcd Mortgage Hunter replied to the topic Try to develop investment plan in the forum Help Needed! https://www.propertyinvesting.com/topic/4391372-try-to-develop-investment-plan/#post-4576887 Tue, 06 Nov 2007 00:05:25 +0000 If you want to buy a new PPOR and keep the current one as an IP then you need to stop paying down the Principal.  Get an offset and save in there.  If you keep paying down the current apartment then when you buy your next home you will have a 100% loan against the new place which is nondeductible and all your equity in an IP with a small d…[Read more]

]]> 675d5ff8f1e7364df330523f42fccd5e Mortgage Hunter replied to the topic finance option buying 3 out of 5 units in the forum Finance https://www.propertyinvesting.com/topic/4391368-finance-option-buying-3-out-of-5-units/#post-4576869 Mon, 05 Nov 2007 19:58:48 +0000 Try NAB.  RAMS rates are a bit high atm and they will probably stay higher until they can source funds at a decent rate again.

]]> 2b20a2f69d2802ad4003ac7533e53f7e Mortgage Hunter replied to the topic Cairns - Off the plan - HELP!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4391332-cairns-off-the-plan-help/#post-4576729 Fri, 02 Nov 2007 04:16:01 +0000 Well you wouldn't lose the whole $225K!There are 2 bedders for not much more.  Outside of inner Sydney I believe 2 bedders are always more attractive than single bedrooms units.Always best to do your due diligence thoroughly.Cheers,

]]> dec7e296163db8eb1aa3e9042b4c2b8c Mortgage Hunter replied to the topic Cairns - Off the plan - HELP!! in the forum Help Needed! https://www.propertyinvesting.com/topic/4391332-cairns-off-the-plan-help/#post-4576727 Fri, 02 Nov 2007 01:56:43 +0000 I would be seeking independent advice.Perhaps commission a valuation now before it is too late to back out.  Speak to another agent in the area about the value of this place.If you do pull out then you could probably buy a similar unit on the open market without using such a club.Have you checked http://www.realestate.com.au to see what these units…[Read more]

]]> 35a815a088e0ec0278742a2ba24690e0 Mortgage Hunter replied to the topic Expected result of a joint property investment?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391323-expected-result-of-a-joint-property-investment/#post-4576677 Thu, 01 Nov 2007 03:11:45 +0000 Well if it is family and a holiday home type thing then that eases my mind somewhat.The big disadvantage that you need to understand is this:Lenders will insist that you and the sister be joint borrowers on this property.  This means you will both be liable for the full repayments should the other party default.Now when you go to borrow funds…[Read more]

]]> b67b7058b3cee0995769fce64ecb9fe1 Mortgage Hunter replied to the topic Fully furnished vs Empty for new investment property in the forum Help Needed! https://www.propertyinvesting.com/topic/4391322-fully-furnished-vs-empty-for-new-investment-property/#post-4576664 Thu, 01 Nov 2007 01:28:03 +0000 Furnished homes appeal to short term renters.  New furniture can be well depreciated but it does mean a higher maintenance requirement.   I just went around to one of my furnished IPs to replace a $20 kettle :-(

]]> 29635d70b492b753e8d39d3409b9fc3c Mortgage Hunter replied to the topic Expected result of a joint property investment?? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391323-expected-result-of-a-joint-property-investment/#post-4576674 Thu, 01 Nov 2007 01:26:02 +0000 Why are you doing it and what do you hope to achieve by investing with another person?I would only do so if I had no other options.Ciao,

]]> 283a3952b5dba9a0bbe293444576bd35 Mortgage Hunter replied to the topic Investor Alert in the forum Sorry Xenia,  I was wasting https://www.propertyinvesting.com/topic/4391250-investor-alert/#post-4576344 Wed, 31 Oct 2007 20:35:40 +0000 Sorry Xenia,  I was wasting time sleeping.

]]> 92d38e995f1cef8e8b086793b871bf63 Mortgage Hunter replied to the topic Cash Vrs Loans in the forum Help Needed! https://www.propertyinvesting.com/topic/4391316-cash-vrs-loans/#post-4576640 Wed, 31 Oct 2007 20:34:24 +0000 What are your longer term goals?Once you have them articulated the answer will be clearer.Do you currently have a high income?  If so then unencumbered IP income will be taxed pretty high.I would need more info before making suggestions.Ciao,

]]> 82cb6732e7850a36cabebe490e5fc942 Mortgage Hunter replied to the topic Which property should I pay off first? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391306-which-property-should-i-pay-off-first/#post-4576587 Wed, 31 Oct 2007 20:32:40 +0000 Don't pay off either.Change all loans to IO.Save money for your next investment in a high interest account in a lower tax paying spouse.  Not much point in an offset attached to an IP but you can do it if you prefer.I imagine you might want a PPOR soon.  If so you shouldn't pay down either IP cos if you redraw for a PPOR then it wont be d…[Read more]

]]> 6962258ee6b74fdc1acff31a897dc97e Mortgage Hunter replied to the topic To invest or clear debt first??? in the forum Help Needed! https://www.propertyinvesting.com/topic/4391308-to-invest-or-clear-debt-first/#post-4576595 Wed, 31 Oct 2007 20:29:26 +0000 I would run some figures before making a decision.If you wish to get into an IP sooner then using the cash for a to pay out a loan means you have to start the whole savings process again.  You may be able to afford to buy then start an accelerated repayment plan to kill the personal debt and then keep it running for the next deposit.I would…[Read more]

]]> 09867e8b432b3208e5c2831d38680f0c Mortgage Hunter replied to the topic PLEASE ADVICE in the forum Help Needed! https://www.propertyinvesting.com/topic/4391319-please-advice-4/#post-4576650 Wed, 31 Oct 2007 20:26:54 +0000 I would rather slam my old fella in a car door than work for that mob.They are the bottom feeders of mortgage salesmen.  Notice I didn't say brokers, they don't provide much choice of loan – just hard sell one product with a big fee attached.  Any real broker can do the same thing for free without the hard sell.

]]> 886eba0dcef3b037399073d92fe8dcfe Mortgage Hunter replied to the topic Suggestions on Finance for 1st IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4391294-suggestions-on-finance-for-1st-ip/#post-4576555 Tue, 30 Oct 2007 06:30:56 +0000 madproperty wrote:
Thanks Simon soungs good but I have a few questions. Regarding deductibility – just to confirm the 20% deposit plus costs from the LOC and the 80% loan on the IP will be tax deductible?Won't paying the rental monies and my wages etc into my home loan make the other loans non deductible because the expense incurred is not…[Read more]

]]> 84cd8e1350af31970a9a063d1115ae6e Mortgage Hunter replied to the topic Suggestions on Finance for 1st IP in the forum Help Needed! https://www.propertyinvesting.com/topic/4391294-suggestions-on-finance-for-1st-ip/#post-4576553 Tue, 30 Oct 2007 03:16:21 +0000 Easiest way is to run your figures past a broker.  He has software for all his lenders and can tell you who will lend the most or at the best rate – whatever is most important to you.Use the LOC to source a 20% deposit plus costs and then buy an IP.  Borrow 80% against the IP using a seperate facility.  Usually I suggest a pro package which gi…[Read more]

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