Hi Alistair

Not sure if it the same Spring Financial Group as we have in Brisbane but if it is wouldn’t touch them with a barge pole.

If it is someone totally different then sorry have never come across them.

We will have to get together for a coffee when i am next in Melbourne (Should be February) and chat about our Short Term Business lending…[Read more]

Hi both no problems at all.

Have emailed you the PDF article.

Cheers

Yours in Finance

Hi Sammie

Welcome aboard the PI.com family and I hope you enjoy your time with us.

Structuring your loan correctly and an appropriate choice of lender is paramount to long term property investing success.

To often we see forum clients with poorly structured loans with lenders which are clearly not suitable to the borrowers long term objectives.…[Read more]

Using other creative investing techniques to supplement their property income.

You can read my story on how I amassed all of my properties in my API interview.

PAYG income should certainly not be your sole form of income.

Cheers

Yours in Finance

Hi AM2778

You can’t go past Darryl Richards at Certus Legal.

Darryl is a forum member and an excellent property lawyer.

Tell his office i sent you and they will look after you.

Cheers

Yours in Finance

Hi Kirstie

No need to necessarily meet face to face with a Broker as many questions can be answered over the phone or by email / skype.

My partner jacqui (JacM) is based in Melbourne and has been a forum member since 2004 with a vast property portfolio.

She is also a Buyers Agent so feel free to drop an email or send her a PM.

She can work…[Read more]

Hi Kirstie

If you are only aiming for the rent to cover your interest repayments then even with 100% borrowing at a rate of say 4.8% the yield should be sufficient.

Just make sure you are aware of all of the expenses involved.

Cheers

Yours in Finance

Additional information needed to provide a structured response.

Casual employment is fine however we would need to know how long you have been in your current employmment.

In regards to your current investment property you mention that you have paid off 15K so it will depend on the available equity in this property whether you can access it to…[Read more]

Normal procedure.

The incoming mortgagee are going to want to sight a unsigned copy prior to settlement.

Wouldn’t worry unless you intend to turn up at settlement and hand it over in exchange for the Bank cheques.

As this is not likely and is why you engaged a Solicitor sign it now to make settlement booking easier for all…[Read more]

Sure if you email me you email address I can respond with the PDF attachment.

Cheers

Yours in Finance

Bangers if you are looking for a property orientated solicitor then you can’t go past Darryl Richards at Certis Legal.

Tell him I say g’day and will catch up with him for lunch when I get back from Europe.

Cheers

Yours in Finance

Hi Macard

Firstly welcome to the forum and hope you enjoy your time with us.

There are other important considerations to think about.

What is the end goal ? To rent the property out and start again.
If this is the case then the LMI will be proportionally deductible once the property is available for rent.

Maximise your borrowings now so that…[Read more]

Scott i will email you a copy of my API interview and you can read about my own personal investment strategy.

Cheers

Yours in Finance

This question has been asked a dozen or so times on this forum over the last 3-4 months.

Rather than respond again suggest you do a search on the subject and you will read past comments.

Cheers

Yours in Finance