I would not consider Aussie Home Loans a product of Network Marketing but more so Direct Marketing and excellent timing.

Robert Bou-Hamdan
Mortgage Adviser

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

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crj, my comments are from a financing point of view to keep growing. Lenders look at saleability in their valuations. Rental return is only looked at for serviceability with them. They consider blocks like this as commercial and less saleable than if they were strata units.

There is definately a lot to consider.

Robert Bou-Hamdan
Mortgage…[Read more]

Regarding your added comment about the more cash you put in, the more cashflow positive your investment becomes, consider that the more cash you put in, the less cash flow properties you can acquire as your deposit for further purchases is being eaten up buy an earlier purchase.

I believe it is all about controlling more property and gearing up…[Read more]

If you agree with Lucifer, you should not use the CoCR formula as you are not calculating CASH on CASH RETURN. You are looking at Gross Return which is totally different. The injection of cash or not is totally relevant for the CoCR formula. It is the basis of it.

Your comments about the locking up of equity go to the Opportunity Cost of having…[Read more]

If buying in the trust name, you just use the trust name. If you are not sure, using ‘or nominee’ just means you can work it out later. Talk to your solicitor or accountant to see what is best for you.

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]

The benefits of an interest only loan far outweigh ever using a principal and interest loan. This comment also holds true regarding your owner occupied (PPOR) home. You have outlined the downside of never owning your property but now for the upside…

Interest only allows you to make smaller payments to control a property. This means less ongoing…[Read more]

I would strata them immediately. You could then deal with each unit seperately. It would open the way to many 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 -…[Read more]

There is always something that can be done when you have some equity. You may be restricted by your serviceability (ability to repay) though. Some creative mortgage broking may help though. Sit down with someone who has access to lenders who accept social security payments in serviceability.

Good luck with it all.

Robert Bou-Hamdan
Mortgage…[Read more]

It is very simple if you can service the debt or, if you are self employed, it is even easier.

You could borrow 80% against the new property if it is suitable security and you could borrow the rest against one of your existing properties (ie: 20% plus closing costs). You would not need a cent as you have heaps of equity. You could eve borrow more…[Read more]

Thanks Monopoly.

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 would guess 4 kids with 2 in private school would cost a huge amount per annum. I admire you for being able to afford all that.

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]

Brahms, take it easy mate. I am just stirring you like you were stirring me. If one ommission is what you are going to base your opinion of me on, I feel sorry for you mate. I have made many posts and it seems only one mistake or I am sure you would have corrected me earlier.

Anyway, I am here to help people and to learn. I ommitted something…[Read more]

It is your choice whether you use family or not. There are a lot of great mortgage advisers on this site and you could probably easily find one. You will know whether they are professional or not by what they tell you and how they tell you your options. If there is any doubt, you could always post the information on here and get lots of different…[Read more]

Sounds like you would have needed to ask around mate. Like I said above, never mind… I remembered.

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…[Read more]

Never mind brahms, I just remembered ANZ do it up to 95 with LMI cap. There was another one but it has slipped my mind.

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]

Conveyancer and solicitor have the same responsibility to their client in conveyancing transactions. I would find someone independent.

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]

A good way would be to obtain a loan and purchase a property. These days you can borrow up to 106% of the purchase price if you are solid income earners. 106% finance is expensive and I would advise avoiding it if possible.

100% loans are readily available but you will need a few thousand dollars (depending on purchase price) to cover costs (and…[Read more]

Why don’t you just take a loan with no fees?

It would be cheaper than setting up a business with a financial services license and preparing a product disclosure statement for your offering.

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]

Who lets you refinance to 95?

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.

© 2…[Read more]

I am with brahms regarding the solicitor. They should know if there is a deposit or not as an exchanged contract is done by the real estate agent but confirmed and processed by the solicitors.

I would be interested to see how the agent justifies an exchange without a deposit? The $500 is not what the contracts were exchanged on.

Robert…[Read more]