Hi Danny.

I would certainly not be using redraw on an IP unless I knew every cent of the excess funds would only be used for investment purposes. Regaring redraw, you also need to watch out for redraw fees. These are usually in the vicinity of $30 – $50 each redraw with those lenders who charge.

In my opinion, there is really no need to use a…[Read more]

They go on about something to do with online surveys and focus groups as well. I would be interested in doing these for many reasons. Everything I have looked at seems to be selling the get rich quick crap though.

Oh well, just an idea. I am looking at a lot of stuff because of this internet cafe idea. Anything to keep bums on seats in the…[Read more]

This link to his Rent To Own Pack might help with info…

Rent To Own Pack

…or his Wrap Pack.

Wrap Pack

The Mortgage Adviser
http://www.themortgageadviser.com.au

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A lot of them will do it with no problems. Some don’t like it. They may charge you a few hundred extra in the application fee to read the trust documents.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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The problems were in an old version. I have not seen the newer versions because I do not want to be marketed by Peach. Somehow they already dug up my email and regularly send out a newsletter which, while I remember, had an incorrect link to the new software so they sent me another email!

The Mortgage…[Read more]

It is not you I have the problem with. It is impartiality of the forum. If you are allowed to market something commercial, why can’t all members? That is what I am getting at.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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It depends if you want to make money out of them or just pass them on. Search for ‘bird dog’ or ‘spotter’ and you will find a lot of info.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Originally posted by ez-rent:
Right now however, it takes an investment in time and effort that I receive very little compensation for.

Interesting… You seem to think that everyone else here providing information, tools and documents gets compensated for their efforts helping others. In most cases, it costs money when people ask to be…[Read more]

I remember when you first started doing it. You could go to the website and download it free without having to fill out forms and receiving marketing from a broker.

I am disappointed in the new structure. If something is free, that means there are no conditions. As far as I am concerned, this is not free software. It is a gift in return for your…[Read more]

I would like to know why you are allowed to offer your software on this forum when it is blatant marketing for Peach Home Loans? I do not recall anyone from Peach, including ‘Dr Peach’ himself, spending time providing free advice in this forum.

If it was being offered without a requirement to provide personal details to Peach Home Loans in return…[Read more]

I hope the number all work out for you and you kick a few more goals… Good luck!

The Mortgage Adviser
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You also lose all capital gains tax benefits. This does not bother me at all.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Nat, I would much prefer having no dialogue with you whatsoever. I don’t think a sensible level of discussion can be maintained. I am happy never to address you in any of my posts and I would appreciate the same in return.

Have a nice life.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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You can do whatever you want regarding offers. This does not mean it will be accepted.

Agents only get paid if they introduce the buyer so if you ask for the contract from them, they will get paid.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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Andre, many banks have no problem lending to a foreigner. LVRs are a bit lower. Serviceability is pretty much the same.

With regards to a foreigner being a ‘classic case’ for a wrap contract, I don’t think so!!! Most of these are done on properties which an overseas investor would never be allowed to purchase.

I would not bother running around…[Read more]

Just block each IP address he keeps appearing under. This should stem the problem.

The Mortgage Adviser
http://www.themortgageadviser.com.au

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All I can say is that the broker probably lies to get you to meet with him on the off chance he could put something together for you. As far as I know, it is impossible for a recent bankrupt to get 100% funding through standard or non-conforming lenders.

Do you have any other family members who can help with cash or equity???

The Mortgage…[Read more]

What you are asking does not make real sense to me. You seem to be wanting to get a LOC and then refinance another loan to pay the LOC.

The simplest structure is as follows…

Loan 1: Interest only loan with offset account for non-deductible debt.
Loan 2: Interest only loan for deductible property purchase price.
Loan 3: Interest only loan with…[Read more]

Vanessa, you will also find the information you learn here is a much better price… FREE!!!

The Mortgage Adviser
http://www.themortgageadviser.com.au

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The only thing that confuses me is why on earth you are using LOCs. They cost too much in interest and ongoing fees and charges. You can do the same with standard interest only loans for a lot cheaper in most cases.

As to a limit to doing this, you are only limited by serviceability. As long as your income from work and rental income can meet the…[Read more]