Hi Patterson

Not a silly question at all and one that most investors have no idea of.

Let us assume you purchase a property for your own occupation and take a loan of $500K secured against.

You pay down the loan down to $400K and decide to rent it out and buy another principal home for $500K.

You decide to access the $100K equity in the first…[Read more]

Hi Paul

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

Always glad to see another Pom on the board especially with how the cricket went in Brisbane.

I am actually in the UK at the moment and certainly looking at picking another property or two over here.

Anyway back to your enquiry.

Certainly a Defence Housing home is an option…[Read more]

Must admit i can't actually remember ever being employed.

Cheers

Yours in Finance

Alistair Perry is Melbourne based a and a specialist in Development Finance.

Cheers

Yours in Finance

Charlotte which lender did your current broker advise and why?

From what you told me by email i have an idea who i would have recommended especially with 100K deposit but always interested to hear what someone else in the industry recommends.

Just ask your Broker do they own a property or two and then secondly do they owe anything on them? 

We…[Read more]

Hi Ronaldo

Thanks for the great web link.

Hope you don't mind if i give it a miss as i can get similar returns for me and my clients in Australia.

Very little risk and if they wish to gear they can do so.

More than i can say for the USA.

Now bobaaaaaaa i would have thought making sure your money ends up in the right account is the least of…[Read more]

Yes i agree with Jamie.

I employ my own PM for my properties but if i used a Property Manager employed by a Real Estate Agent i don't think i would happy if they handed out my details to other landlords.

Sure there is Privacy issues to overcome.

Plenty of other ways to check out a PM.

Cheers

Yours in Finance

Hi Tiger

Hate to say they have all have their own pro's and cons for so many different reasons.

I guess it all boils down to your own goals and objectives

Without actual numbers it is difficult to comment.

Cheers

Yours in Finance 

Certainly agree and can't see a particular problem in buying multiple properties in the same suburb if the fundamentals haven't changed from the initial acquisition 

In 1998 a bought a house in an Inner Western suburb in Brisbane.

Started to perform well so i bought a block a block of 24 units in the same suburb.

Now some years later i wish i…[Read more]

Thanks guys appreciate it.

Cheers

Yours in Finance

Great in theory just that valuers, lenders and mortgage insurance get in the way of it be more than that.

Cheers

Yours in Finance

Sure Michael be back mid January.

Cheers

Yours in Finance

DK not saying money can't be made but it is not an area loved by the mortgage insurers.

Cheers

Yours in Finance

Regretfully Mark neither a Buyers Agent or indeed a Property Investment Adviser can provide any form of Financial Advice unless they are licensed to do so.

Such advice relates to any form of financial planning including a strategic assessment of their current financial position and where they wish to be in a particular number of years.

At the…[Read more]

Appreciate it Redwood thanks.

Cheers

Yours in Finance

Hi Michael

Simple reason i am hard to get on the phone is my father died last week so i am in the UK attending the funeral and dealing with family affairs.

Yes been offering our BA service for over 18 months but only recently been advertising it due to the demand from forum members.

Popelich ,

Remember that you cannot claim the costs of the…[Read more]

Hi Michael

Simple reason i am hard to get on the phone is my father died last week so i am in the UK attending the funeral and dealing with family affairs.

Yes been offering our BA service for over 18 months but only recently been advertising it due to the demand from forum members.

Popelich ,

Remember that you cannot claim the costs of the…[Read more]

Hi Hank

Yes the catch with the retirement apartment is the maximum loan you will probably get will be circa 65%.

Restrictive covenants as to who can occupy the property hence lenders know that re-sales will be limited and difficult.

Majority of lenders won't touch them and they are certainly considered specialist securities.

No state lending…[Read more]

Hi Carlito

Nothing really wrong with Wodonga in fact i was there earlier in the year looking at some properties for some clients.

Certainly like ever suburb there are good and bad areas / streets but avoid Lavington and the new estates and you can't go too far wrong.

Cheers

Yours in Finance

Tom, You can undertake the required qualifications to become a MB in a matter of weeks however that is only part of the equation.

You wont get a decent Aggregator take you on without 2 Years industry experience so might have to work for someone for a while.
Someone like Aussie might give you a decent training and a few free leads however are…[Read more]