I agree with Leigh (theENJOLady)

Steve gives so much for free and I think he’s entitled run the “user pays” side of his business as he sees fit.

This forum is for those interested and like minded in building an IP portfolio.

The light humour and friendly banter in the forums is great but lets get back to business.The bitching…[Read more]

Accepting what muppet says as good way to verify that the 11 second rule is in the ball park for any given property.

You are absolutely correct in your reply.

You need to have a quick formula that you can apply without a calculator as you are scanning through the “for sale” listings to quickly compile a short list of properties to…[Read more]

Hi

Many people get paid money in a property transaction…For the most part I think the Govt is the greediest.

I agree with Mortgage Hunters comments.

That said …If you really feel that you can’t trust anyone who gets commissions from the lending institutions then IP’s might not be for you. I dont mean that in a nasty way…[Read more]

Sometimes you can get some of it back.

Good luck trying though. I tried with Rams and was so worn out in the end I gave up.
I swore they wouldnt wear me down but they did…and I decided to get on with my life ans let it go.

Everyone tells me I should have demanded action but its easy to spruke what you would do in another mans shoes.…[Read more]

Insider is correct. Buying undervalued is one way however…Many Banks consider the selling price as the “market value” and won’t finance at the “lower than market price” valuation amount. .

If you are an established customer or use a broker however, its much easier.

The other problem is that when you buy undervalued you need to be…[Read more]

As vik_fam pointed out…they do advertise their comparison rates on their web site.

Check them out at
http://www.sapphiremortgageservices.com.au/

Good luck.

Rob [8D]

I’m surprised you havent heard of them, they advertise on morning TV and Ive heard their adds on the radio. (In Sydney but can’t remember what station)

Sapphire are mortgage originators not brokers.
They are the next level up from a broker without being a…[Read more]

I searched the net and found 6 properties that fitted the rule in about 15 minutes.

Its more about finding the right sites and restricting the search to outside the bigger cities.

Try
http://www.domain.com.au
or…
http://www.realestate.com.au

but whatever you do…DO NOT STOP LOOKING!!!

Kind Regards

Rob [8D]

You only pay tax on on money you earn…therefore if your paying tax… your making money.

A wise man (my dad) once said never stop making money to avoid paying tax.

I agree with him

regards

Rob [8D]

Mortgage Hunter is right.

Buying OTP relies on the development being completed on time and to the standards and finishes expected and fingers crossed that the market doesnt move the wrong way during the construction period.

Buying OTP has its merits but I wouldnt do it for my first property and its not for novices.

You need to not only…[Read more]

Youve got it made…A good saver with 3 IPs. []

I love hearing those stories. It gives the rest of us hope.

Kind regards

Rob []

From low 6 figures to whatever you can get.

Bear in mind people will only pay what you believe you are really worth.

I don’t know why that is…it just is. Spooky hu?

There seems to be a glut of people between 50k and 75k…For some reason once you break through that barrier and hit 6 figures, your income just seems to take…[Read more]

How do you keep up with this forum?![]

I pretty much became a broker for the same reasons as you I guess, however I am not full time as I love my other job and would do it (my other job) rich or poor. Preferably as a hobby in the future because I have a funny feeling for the first time in a long time that I am going to be financially…[Read more]

Thanks for your kind reply.[]

Fortunately we live in Australia where you can be friends and still have differing points of view.

Sorry…My point about signatures wasnt intended for you to remove yours… Rather, I was explaining why I had made my post anonymously.

To be honest It hadn’t realised that you had included contact numbers…[Read more]

No… “I” wouldnt go through the expense and time to be my own broker, just to save a few bucks…However that wasn’t the question being asked that started the forum.

The question was.. “How does one become ones own Mortgage Broker.”

You analogy about being a Mechanic to work on your own car is drawing a very long bow. Becoming a…[Read more]

A Mortgage Broker’s job is to source the best loan for you not manage your portfolio.
Every man to his trade.
If you want help to manage a portfolio I would suggest that you use an Accountant with experience in that particular field.
Also…If a broker charges you a fee, dont use him/her.
Mortgage Brokers get paid by the Lender and…[Read more]