Hopefully we get to have a vote before the ‘wrong’ person is made a moderator!

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

Essential Links

Where did Derek go?

Surely he was not that upset by my comments regarding The Investors Club??? I did notice he hasn’t posted lately.

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

Essential Links

It is good to see you posting!!! Welcome to the dark side…

You said your ‘Penruff’ investment almost pays for itself but would be difficult to sell for a substantial capital gain.

If you are stuck, I would suggest changing your PPOR loan to interest only and attaching an offset account. The main risk here is over-spending as you see lots of…[Read more]

You can’t do it on a P&I loan because the interest does not accrue at the start of the financial year. A special loan is needed which is one where the bank charges you the interest for one year in one hit. You pay this amount and no interest is charged to the loan until the next year. Fixing for one year is not an issue as you are paying the…[Read more]

I would say that Agent is one of the most honest Agents I have ever heard. They don’t get paid unless they sell so if he is telling you not to sell, he has your interest at heart in my opinion.

There are ways of improving cashflow using appropriate loan structuring. How are yours set up regarding payments etc. Is your PPOR interest only with an…[Read more]

No problem. I expect your future posts will be much easier to read from now on. Feel free to use some bold, italics and coloured text. I love it!!!

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

Essential Links

You don’t highlight what you want and then click ‘QUOTE’. You need to click quote first and it takes the whole thing and then you delete the words you don’t want. You have to leave the HTML coding which it the stuff at the start and the end of the message that appears in the [ ] brackets.

Try again.

The Mortgage…[Read more]

Any Court would allow recovery under equitable principles. The person who paid for the kitchen has an equitable interest in the property and can slap a caveat on the property in two seconds preventing any further dealings by the owner without their permissions or until payment of what is owed plus any value added to the property plus interest is…[Read more]

There is a ‘QUOTE’ button at the bottom of every post. If you press it, a window will open up with the message contained in HTML code. You type your message below this and your signature is automatically attached when you submit your reply.

It gets very annoying if you press quote and reprint the whole message when you are replying so taking out…[Read more]

Simon, I believe our newest Mod candidate is referring to:

https://www.propertyinvesting.com/forum/topic/17778.html

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

Essential Links

I put forward making Dazz our newest Mod. Any seconder???

Don’t worry Dazz, I won’t object to being edited, deleted or banned by you.

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

Essential Links

Thanks vandelay,

They make what we are planning look obsolete. A lot of money has gone into that place. We definately cannot compete with them on various levels YET!!!

I have been looking at their website but can find no pricing. What is their access charges for the Internet?

I would love to have that much space and the money to fill it!

The…[Read more]

Definately looking at it as another marketing option. Never thought of them before. Thanks.

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

Essential Links

Foundation, is every post of yours going to be sarcastic from now on?

Did someone hurt your feelings or ego?

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

Essential Links

You don’t have to keep 20% equity in the first property. You only do this to avoid mortgage insurance or higher interest rates.

My point is that 40k does not turn into a 200k loan at any time. You need to know the purchase price and LVR of the next property to find out what the loan is going to be. Everything is pinned to the property…[Read more]

Terry is right about that. Same thing happened to me with ANZ but an explanation saw things turn out fine. Most lenders have a ridiculous scoring system that looks at numbers of enquiries.

I have clients with more than 50 enquiries in 5 years and they continue to be successful obtaining additional finance.

With mortgage insured products these…[Read more]

It is always important to look at the area you are buying in. If a town has no employment, it will be difficult to make any money there.

As for your finance questions, they were answered above. You could also have a read of…

http://www.mortgagepackaging.com.au/tma/tools_and_calculators/TMA_Low_Deposit_Lending.doc

As for the lenders’ names, I…[Read more]

That gets a little complicated for what is needed. If the new purchase is set up properly, nothing needs to be done with the existing property. If you borrow against the existing property in the future for investment purposes or to lend the money to the company or trust (I prefer company) to buy the new property, it will automatically be…[Read more]

Not as far as I know. When property is in a company name or trust name, it is a seperate entity and automatically is considered as conducting business. The ATO cannot tell you how much ‘product’ to buy as a business before it is deductible.

Like I said, I am not an Accountant.

By the way, ‘avoiding’ tax is legal, ‘evading’ tax isn’t.

The…[Read more]

Is it popular to do that at an internet cafe? I am happy to look at anything.

Our biggest competitor is Global Gossip so we have a mission ahead of us.

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

Essential Links