Wayne, in that situation I would offer a ridiculously low price with favourable ‘subject to’ clauses. In other words, I would probably walk away.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See -…[Read more]

Well put CRJ.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as individual advice.

© 2004 Mortgage P…[Read more]

I don’t present signed offers for property. I only sign after they accept the verbal and present me with a contract signed by the vendor. That way, they can never accept unless I want them to as property contracts must be evidenced in writing. Verbal means nothing.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E:…[Read more]

The CBA commission cuts will not affect me either. Our group – The Mortgage Professionals – has excellent submission quality etc so they get the full commission. The sloppy brokers will suffer most. Everyone is already jumping ship in any case.

We had an idea they were trying something when they started releasing their retail outlet models but…[Read more]

I went through the same thing with my office premises which I rent. You simply need the registered owner’s signature on any documents submitted to the Council. It is a standard application and process.

Of course, you will also need the vendor’s approval to access the site and do what you want before settlement.

Robert Bou-Hamdan
Mortgage…[Read more]

Mark,

I repeated it to emphasise a point. It is easy to do which we seem to both agree on. What I believe you have a problem with is how it is done and the associated risks.

Regarding how, there are many ways, some of which were outlined earlier.

IS IT DANGEROUS???

Everyhing is dangerous to someone. People have different risk profiles but to…[Read more]

IQ,

Why would you disclose that you were going to make another offer after your initial offer? Does this not defeat the purpose?

I would just wait an hour or two and tell you your first offer was rejected.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related…[Read more]

Just thinking out loud….

What happens if I don’t clean the pool in my investment property which was rented out as a property with a pool and, for example, the tenant or their young child catches some unusual disease from some funky kind of algal bloom. Imagine if that poor child dies.

My insurance (if I have any) company might try and get out…[Read more]

Hehehehehe… very good!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as individual advice.

© 2004 M…[Read more]

Just kidding…

This would be one of those situations where a money partner would come in very handy. They are simply someone willing to back your business plan to invest in property. It might be family or friends until such time as you can approach the lenders for money yourself.

I hope this helps.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414…[Read more]

WORK MORE HOURS

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as individual advice.

© 2004 Mortgage P…[Read more]

The best way to become a millionaire is to begin with 2 million!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be…[Read more]

Mark,

A money partner can be anyone.

Controlling one million dollars of property is not hard. You can get 100% finance for $750,000 worth tomorrow and you are almost there. Do some good renovations and you may get all the way very quickly.

Scepticism is ok but you seem to be just totally negative. Just because YOU can not do something or YOU…[Read more]

http://www.abs.gov.au/ FOR MORE CRUSTY INFO!!!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as…[Read more]

Instant Equity PLUS access to more lenders!!!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as individual…[Read more]

HAHAHAHAHAHAHA – you crack me up!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W: http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm

Comments made are of a general nature and should not be construed as individual…[Read more]

Great article Stuart. Thanks for the link.

I don’t think the cost is a problem here as the few hundred it usually costs (unless breaking a fixed loan) is usually made up in the first year of benefits to the client. I think the biggest concern is the hassle of changing all the direct debits etc…

It is an interesting problem and I might look…[Read more]

I see you are a Steven Segal fan!

It is not that they are unattractive but more so because they are restrictive. The reason they are cheap and such attractive investments in the first place is because a lot of other investors chose to stay away.

If you have heaps of cash, go for your life!!!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347…[Read more]

Life, basically, YES it was. Obviously you have to pay interest and select your investment in a particular group of shares. I only took $100,000 worth though. I am not totally mad. I will take another 400k worth next year or the year after if the current block does well.

I will PM you a link to the product I invested in. There are heaps more out…[Read more]

It is difficult to make any decisions without knowing the location. Number will guide the decision. Just base your figures on today’s prices and allow a buffer to provide you with a more conservative result. If this looks good, go for it.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E: robert@mortgagepackaging.com.au
W:…[Read more]