MI very unlikely to be able to invest directly to get positive cash flow more a matter of putting the bricks together to create it over time.

150K passive income (assuming no interest expenses) is going to take a while but absolutely no reason with the right mix of property and strategy whilst it can't be achieved. 

Have a read of my API…[Read more]

See what the Broker has to say and post his response to your questions here.

If the consensus is he is looking after you then i am sure it won't be a problem.

Just make sure he owns an IP or 3 otherwise is hardly going to be best placed to offer you suitable advice for your circumstances.

if not you can re-assess your team of…[Read more]

Hi TNG

Don't go down to Canberra very often but do travel to Melbourne / Sydney to run investor presentations.

Other than than be happy to catch up when you are up in Brisbane.

Currently overseas until Thursday but if you wanted to give me a buzz in the office end of this week / start of next be more than happy to have a chat over the phone to…[Read more]

Mhhh sorry to hear this.

As it was an overseas post you might be better off placing the post in the "overseas forum" as you may get a better reponse.

Hope things work out ok.

Cheers

Yours in Finance

Remember be very careful buying in Brisbane and then trying to build a granny flat or converting it to a multi income style property as it is actually illegal in Brisbane City Council governed suburbs.

Must admit there are a few Councils who have now embrassed the multi occupation and these are proving very popular with our…[Read more]

Have to agree with SNM i am not convinced that the inner suburbs of both Sydney and Melbourne have not stopped to take a breather for a while whilst in Brisbane quality suburbs are really starting to pick and we are finding demand for our BA service in and around the inner 7-12km CBD radius to be a record levels. 

In many cases we are finding…[Read more]

Brian

Installment Contracts cannot be done in SA due to the State legislation.

If you intend to offer Deposit Finance you will need to hold a Credit License rather than be an authorised representative of a License Holder.

Cheers

Yours in Finance

Loved every minute of it especially BC.

Will definitely be going back soon.

Cheers

Yours in Finance

Spencer whilst I am currently in the UK this is a Australian Property Forum.

You would better off posting this question on the 'The Tribe' or similar.

Cheers

Yours in Finance

Hi Paul

Always come down for both.

My wife and in-laws were born and bred in Merewether.

Cheers

Richard

Love the way you put it Freckle you are so so right.

Cheers

Yours in Finance

Sbav I think you will find that legislation changes imposed under NCCP will make Steve's Wrap pack out of date.

Cheers

Yours in Finance

I would also ensure your Banker structures the loan in such a manner to enable you to buy another IP when you want.

There are a couple of products that might let you have your cake and eat it at the same time.

Cheers

Yours in Finance

Alan is a great guy but runs a full time Buyers Agency out of Gosford.

Not sure whether he would have much time up his sleeve to offer free mentoring.

I will be down in Merewether in the next month or two so if the times match up be more than happy to sit down over coffee.

Cheers

Yours in Finance

Hi Adam

I own and run First Home Owners Group Pty Ltd which is Qld largest provider of Vendor Finance.

We own all of our own properties and never use investor funds but might be able to help you depending on what you are offering / requiring.

Shoot me an email with your license details and we can chat when i get back from the UK next…[Read more]

Hi Matt

Just make sure the Broker you go with has runs on the board.

Some of the feedback i am getting from forum clients about how they have been told to structure their loans is horrifying and totally inappropriate for their circumstances.

Although the FHOG is unavailable in VIC on second hand properties their may still be ways around…[Read more]

Sure Gayle will flick one over to you.

Talk next week.

Cheers

Yours in Finance

Personally I would recommend talking with Alistair who has already responded to your post.

He won't promote his services but his family business runs a Town Planning operation with a very good reputation in the Melbourne area.

Cheers

Yours in Finance

Going to depend on a number of factors including how much are you borrowing.

Assume it is say 110% of the purchase price it is very unlikely in the current climate you will find a stand alone property that will return a yield that will cover all of your expenses.

We say to our clients that we try and get as close as possible and then look to use…[Read more]

No dramas Tom I have sent this off for you.

Cheers

Yours in Finance