Thanks. I will quietly sit back pretending to know what Benzene is…

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]

I saw part of the story on TV tonight. It was a good story and I liked how the Mappers are helping their communities. I would like to hear how that is going.

It was a pity that the host made her disclaimer straight after the story ended.

Robert Bou-Hamdan
Mortgage Adviser

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

Hey Pelican,

Good to see you are still out there flapping those wings.

Can you do me a favour… could you put one of those catalytic converters (the pollution control thing) on the go-kart? It might help the environment a bit and save a few more pelicans!

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E:…[Read more]

You are taking a very narrow outlook regarding diversification. You can diversify by buying in different suburbs, different states, different countries. You can buy different security types, utilise different structures and purchase for different results. This is all property but could result in a very diversified portfolio that would see less…[Read more]

If you are self employed but have not yet done your financials, you can get a lo doc loan. The interest rates are the same as standard loans now but you will need at least 20% deposit. You will also need to pay mortgage insurance in some cases to get the really cheap rates. So many different situations can arise so you should discuss your own…[Read more]

I would be going after the real estate agent who did not inform you that the deposit bond was not received. This looks like one hell of a civil dispute and my next call would be to my solicitor.

I would also report the real estate agent to the real estate institute and fair trading.

Robert Bou-Hamdan
Mortgage Adviser

M: 0414 347 771
E:…[Read more]

I will ask around for you and if I find anything that might help, I will post it here for you.

Good luck and Merry Christmas.

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]

Can I just say before you go out buying a heap of small offices, car parks and storage units that you discuss it with a mortgage broker.

These items are very difficult to refinance or finance in the first place. Utilising equity later to increase your investment holdings, replicate if you like, will be difficult.

The return on investment should…[Read more]

You are in a fantastic position. You would only be restricted by your imagination. Have you looked at the “Investor Strategies” link on the left? It is very informative.

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]

Just about how much equity you have, I just posted this…

https://www.propertyinvesting.com/forum/topic/14431.html

It might help a bit.

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 are a few lenders who consider using casual income if it is established, regular and ongoing.

You are right though, it can be a struggle!

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]

While the likes of Meriton and Lend Lease keep building these over-grown beasts all over the place, I can’t see unit prices coming out of the slump in the short-medium term. I see them further declining as building are being completed.

On the upside, I think house prices may quickly stabilise and start moving up again as the more sites that are…[Read more]

I think the fixed price contract would be the best option because then you could get a loan on future value of the completed project.

I am a little confused though. If the land cost you $15,000 and the cost of the house, relocating and installing it might go up to $100,000, why would you sell for around the $110,000 mark when the whole thing is…[Read more]

Are you able to get a fixed price contract to relocate and install the house?

What do you expect the value of the completed project to be compared to existing properties in the area?

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]

It is a difficult one to do as the land value is only $15,000 (was that a typo?) and most standard lenders will not secure a loan against a transportable home only. Serviceability does not appear to be an issue.

You will need to go to alternate lenders which means the finance will cost you more. You might be able to get away with a construction…[Read more]

A ‘vanilla’ deal is a simple deal to put through. How much are you requiring to borrow and do you have any other security property anywhere?

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]

If the block of land is suitable security, you just get finance secured against the block of land. What you do with the funds after settlement is up to you. Hopefully, you should be able to get more than enough out of the land to buy the relocatable home and pay for the costs of moving it and setting it.

It sounds like a ‘vanilla’ deal unless…[Read more]

It is not the vendor you need to worry about – although they might see it as a good deal and do it themselves. It is the LENDERS who do not look on them favourably.

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]

Regarding Question 1:

Initial outlay = $0

Regarding Question 2:

Opportunity cost is considered in every transaction / situation we ever undertake throughout our lives. Here are some queations people ask themselves…

If I buy this hamburger instead of this salad, will my waste line suffer?

If I travel for a year after university, how much…[Read more]

That is a tricky question Kiwi.

Directly, I own 4 with a 5th settling in March. Indirectly, I own a lot more.

I am aware this is a property website and I am a Mortgage Broker, but I am a firm believer of not putting all my eggs into one basket. I have investments in various different areas as I am sure Steve and Dave also do. I doubt that…[Read more]