Hi Alex

I must admit i totally agree with you about the strategy going forward and something i have been saying for years as the only way for international investors to get involved with the US market given the difficulties with property management.

I have been involved in Vendor Finance here in Australia for 15 years and built my property…[Read more]

I agree with Michael when you get a email from a Forum member and it is address ' Hi (blank and no name inserted)' you know it has gone to every Broker on the planet i usually either ignore them or write back suggesting they provide more information.

In regards to competence or qualification i have made the same comment several times in the 11…[Read more]

My wife tells me my present is so big she can't get it in the garage.

I guess it was a new Aston Martin but she said more like a whole new range of gardening tools.

Whatever i get as long as it is with family and friends i would never complain.

Looking forward to 2013 as i see it being a really good year on the business front.

Wishing everyone…[Read more]

Joe we normally get paid at the end of the following month to which the loan settles.

Commission comes with a 18 month clawback period with most lenders so if the loan is repaid or refinanced we end up losing everything from 0-100% of the initial amount.

Trial commission is paid depending on the lender either from the month after settlement or…[Read more]

Have a few clients who were convinced to take out a line of credit and then invest by their Financial Adviser in Timber plantations, mango's or similar such wonderful loss making investments.

Course they have now lost everything and still able to claim the interest on the loan until it is repaid.

Thankfully we were not their FA at the time as…[Read more]

Hi Dan

No flipping is a regular used strategy by developers especially if they have a few deals on their plate.

Course still can be a dangerous method of buying especially if you can't actually settle.

Remember if you are flipping you are still going to incur Stamp Duty etc so we would probably look at a Put & Call option strategy as S/D is…[Read more]

Refund Home loan has now been purchased by Homeloans Ltd although here in SE Qld many franchises decided not to sell their meagre trail book.

As has been mentioned lack of professionalism and experience of any of the owners was often an issue.

Wayne was not even a Director of the Company (resigned as a Director 18 months ago or so) so got away…[Read more]

Hi Yannjgs

Sure happy to send you a copy if you wish to drop me a line with your email.

Cheers

Yours in Finance

Coming in late in the conversation NCCP ensures a Broker has all of the information to hand before proving a recomendation.

In saying this I would get a more than a couple of phone enquiries / emails a day and find that many clients merely want an indication of what they can borrow before they commit to an full Needs Analysis.

There is nothing…[Read more]

Heh Jamie lucky you.

Mine are all mine and paid for.  

Cheers

Yours in Finance

Terry i don't think so.

To me it is very likely it could be one of the Big 4 as it just seems like they have no idea as to what is needed here.

Let's face it the Loan officer is probably more concerned with getting her Xmas shopping done than finding a solution.

Cheers

Yours in Finance

Yoly as i mentioned to another forumite in a separate post why wouldn't you borrow 100% of the purchase price and place sufficient funds in a Term Deposit to act as collateral security.

This way you get to maximise your interest deductions yet keep you funds fairly fluid.

If you eventually decide you want to pay down the loan (for some reason)…[Read more]

Hate to say whilst both lenders have such a facility the limit adjustments are not automatic and have to manually amended.

The NAB Retail choice package has a similar product however again any limit adjustments have to applied for.

As Terry mentioned why do you need such a product ?

If you give us a wee more information we might be able to give…[Read more]

Always have too ask yourself why do these organisation only ever promote new property solely.

They will spin you some yarn about maximising your deductions in regards to Depreciation etc however this is pure rubbish and as Nigel mentioned it all boils down to maximising their commissions.

Strongly suggest you register for Nigel's Property Know…[Read more]

Yes always a question of age or beauty.

My wife tells me that some people hundreds to get grey tinges in their hair and miine comes atirally.

Cheers

Yours in Finance

Hi Joe

Yes bang on and we know what happened to Refund Home Loans.

Cheers

Yours in Finance

Derek has outlined the process better than many Brokers i know.

Exactly as Derek has mentioned and although limited to an 80% lvr we have used this many a time for clients who want to eventually move into their new property.

Doesn't work like an offset account but you do maximise the interest deductions whilst the property is being rented…[Read more]

Hi Joe

Yes Alistair means 80% lvr.
No not harder to get a Commercial loan but different choice of lenders.

Look forward to talking to you 2013.

Cheers

Yours in Finance

Hi EW

Must admit undoubtedly the lack of a correct loan structure is the biggest single problem i come across for new investors who have been poorly advised by their Bank / Broker and this causes them issues long term when they want to buy another property for their own occupation.

When you start you ideally want to ensure that the structure you…[Read more]

You can certainly be a full developer and run a business / be employed trust me i do it.

I have written a feature in next months API magazine about a strata title development I completed earlier in the year. 

Cheers

Yours in Finance