Hi roley

Cant make a December meeting as i am in the UK on holiday until mid January but certainly be interested in attending future meetings.

I have owned and ran First Home Owners Group for the last 12 year which is Qlds largest provider of Vendor Finance and be happy to offer some advice and assistance to new members starting out in the…[Read more]

Yes might want to a search on the Investors Club before you delve in too deep there.

Cheers

Yours in Finance

Alternative would be to look at a lender that offers 100% offset on a full fixed rate.

That way you would probably get the best of both worlds.

Not sure why for one property you would want to go with a CBA Wealth Package makes the comparison rate a lot higher than the quoted rate.

Cheers

Yours in Finance

Hi Joe

Nothing wrong with H & R Block for your ma & pa PAYG Tax return but for something that needs a more complex answer i would suggest a specialist.

Cheers

Yours in Finance

I agree Terry should have seen the last haircut i got darn disgrace.

Cheers

Yours in Finance

Hi Joe

Settled on another mid year so does that now count lol.

Cheers

Yours in Finance

Ok even at $115 / week isn't going to make that much difference on serviceability.

Cheers

Yours in Finance

Yes i totally agree however sometimes it is not always the clients fault.

Some of the advice i have seen been given from so called professional advisers.

Real Estate agents are one of the worst who advertise a property for development, strata etc and then put a note that the property would be ideal for a SMSF borrowing.

Scratch your head and…[Read more]

Thanks Gary appreciate it.

Not in Sydney but do have an investment property focus and have bought the odd IP or 40.

If you are looking for someone in Sydney i can also recommend Jamie from the forum who is in Canberra as a top lad.

Cheers

Yours in Finance

I agree i can't believe anyone would give up and come back in 7 years time.

There are many standard lenders who will lend to a Discharged Bankrupt at varying rates depending on the amount of deposit that is available. We have been a provider of Vendor Finance for nearly 14 years now and have made clients who have doubled their money. If they had…[Read more]

Sorry guys over in the UK on holiday.

Have just emailed a copy off the article off to you both.

Cheers

Yours in Finance

I think our poster is based in the US as Terry mentioned certainly can't do it in Australia.

Cheers

Yours in Finance

In the main you wouldn't fix the loan merely and utterly to improve your serviceability although in saying that i have done this for a few clients but mainly as a matter of planning going forward.

Fixing rates is a risk minimisation tool which can be used effectively depending on your own circumstances.

Going back to Matt's serviceability…[Read more]

Hi Gazza

Couple of comments as follows:

1) Is the stamp duty higher for an IP (in WA)?
    No the rate is the same although their is a concessionary rate where the property is your first home.

2: Is there any way I can still get FHOG and stamp duty concession if I buy IP first, then PPOR next year or later?
    No regretfully not. FHOG = Yes…[Read more]

Hi Lesham

Slightly confused as to what you are actually looking for.

We are starting a new service for clients in the New Year where we source suitable property for development or which we can add value for them and then carry out the development by way of a project management roll.

Course this could be similar to what you are after or i could…[Read more]

If you are interested in buying in your SMSF then are worth putting on the short list but even then you can do better.

As the boys have mentioned i would never buy a deal on rate alone.

Mac's Credit policy is one of the toughest on the market. 

Cheers

Yours in Finance

Sorry Sam can you tell us how this post benefits forum members.

Cheers

Yours in Finance

As Terry mentioned the lender will need to consent to the change of Title as well as the registration of the mortgage over the new separate Titles.

As long as the lvr is maintained and from what you have stated should be improved there shouldn't be too much of an issue.

I have just written an article on Strata Titling in the API magazine which i…[Read more]

Hate to say no builder is going to tell you in advance there is a chance of him / her going into administration half way thru your job so you are stumped there.

You are never going to know going forward but you can search the relevant Builder Services Authority in your particular State to see how many if any previous complaints the Builder has…[Read more]

Totally agree with most of what has been said in previous posts but you have to say what was your NAB Banker or Broker thinking of when they set the loan up like this.

I guess they were not thinking of any benefit to you merely themselves as C/C and a fixed rate.

Certainly have tucked you up good and proper if you even want to move…[Read more]