I would go with the positively geared strategy.

Owner occupied homes are your biggest expense, NOT your greatest asset!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

eRR,

They borrow 20% deposit plus fees. This should be a maximum of 25% of the purchase price.

You mentioned up to 250k purchase so they would borrow $62,500 and give it to you as a ‘gift’ and you borrow the other 80% (ie: $200,000) to complete the purchase if your servicing allows this. If not, your parents would need to borrow more and you…[Read more]

I am in between solicitors at the moment. I tend to find the worst of the worst. The person I am happiest with is only a paralegal and cannot do the necessary contract work. She can only do conveyances.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general…[Read more]

Rental assistance from who?

Which department?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Hi Possie,

That thread that Derek posted went through a lot of the information you seek only a few days ago. I cannot highly recommend interest only loans enough.

The only time I would consider principal and interest loans is if the borrower was not able to control themselves with cash.

In any case, don’t waste your money on a Line Of Credit…[Read more]

There are heaps of cheap and FREE chat rooms available that intgrate well.

Regarding the share discussions, I don’t see ASIC having a problem. Nothing is being sold throuh the site so there is no licensing issues.

The reason I would prefer it here is because I don’t like jumping around to different forums. I prefer everything in the one…[Read more]

It won’t cover you against problems but it will tell you who is responsible.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

I am heavily leaning towards lease options. Who is the resident expert on lease options here?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

How about a ‘properties for private sale’ section?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

It is funny that I have been asking for a NSW wrap pack containing a NSW wrap contract and was only told yesterday about the Rick Otton pack. I would much rather Steve’s one but I will not purchase until such time as ADMIN confirms what is in it.

Regarding the ‘clause’, are you sure it is a power of attornet clause? Also, regarding the ‘specific…[Read more]

I forgot to ask for a LIVE CHAT ROOM. These are good for quick conversations instead of having to wait for someone to respond in the forum.

Chat rooms are also great for mini-seminars / events or guest speakers (like the accountant or the guy who made The Investment Detective or the wrappers). It creates an excellent online community. Times are…[Read more]

What is it you do Michael that would see the media fabricating stories to ‘get you’?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

I have no sympathy for NSW investors who whinge about the tax system and still blindly vote for the moronic Labor Government. Do your whinging at the next election. I am sooooo sick of Labor and I live in Kingsford Smith. I am surrounded by the idiots. Now I have to deal with Mr Greenpeace himself. I should move to Wentworth!

Robert…[Read more]

Many private lenders also offer this.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

No. The demo was at the seminar.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Are you implying that a purchaser or their solicitor would allow the signing of a contract giving the vendor power of attorney of the purchaser?

Only a moron would sign such a contract and only a solicitor who should be disbarred would advise their client to sign.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE…[Read more]

Are you speaking from experience Jo?

SURELY NOT!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Privacy Act had NOTHING to do with it. Questions were not being asked about personal details of a particular person.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Depends how you define the population in the area. It may be a large postcode that includes many towns and the lenders may do it. I have a few lenders happy to do 80% fully verified loans in most areas – including country towns as long as the home is zoned residential.

In any case, I also have access to private lenders who will do rural zoned…[Read more]

Simon,

Was that the licensed agent course and, if so, how much was it and who did you do it through?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd