Dazz, you clearly have no idea about what happened. It was a management failure. Nothing else stopped it!

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I would not use Fintrack. They made you pay for training when I dealt with them and they have been kicked off by a couple of major lenders in the last two years for less than favourable practices. ASIC had issue with them at the time.

Although they have fixed all the problems they have faced, they still do not have the best reputation. I think…[Read more]

I would just stay away from anything off the plan in high rise developments. Houses are always great to look at. Don’t worry about Foundation’s response. He is a member of a very exclusive club which seems to be growing in popularity. They are known as the ‘DOOM & GLOOMERS’.

The Mortgage Adviser
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Even though I am not a fan of buying in mining towns unless the company is very solid and the mine is a long term venture, it seems ok as you will be living there.

A few lenders should be able to help you but you will require to go through the 100% finance lenders. There is a no-genuine savings requirement with a few of these and they self insure…[Read more]

Dazz, let me assure you that you are way off the mark on this one.

Firstly, non-conforming lending is huge business and the major players, namely Liberty Financial and Bluestone, were little “pip squeak” operators not all that long ago.

Secondly, ASIC had nothing to do with the problems faced by Derivex. They are still investigating and have…[Read more]

Check out http://www.fhog.info

The easiest way to do this to stay away from all the mess is to get your parents to borrow the money you need for the purchase and just give it to you. You can write up an agreement between yourselves if it is needed so you are forced to repay the debt.

That way, your property will be unencumbered and in your name and no…[Read more]

Regardless of who it was, these guys risked a lot to check it out for their clients and others while potentially getting in at ground level for what could be one of the most revolutionary advances in finance the industry has seen in a long time.

As for risking dollars, I agree this is a bit too much but I committed a lot of time working for the…[Read more]

To be honest, I personally would be looking at a deductible investment property first or a positively geared property to improve cash flow.

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I think that 70s wierd stuff is a bit too ‘WOW’ in a different way. I want to attract all ages and I think the elderly and the young would stay away.

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

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ASIC had nothing to do with it. It was poor management.

Jason, regarding your comments, let me ask you this…

When new inventions come to market, should we all stay right away from them or should a few check it out on behalf of others?

The Mortgage Adviser
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I would not use any of those for low doc. Unfortunately, unless you give more information, you will not get a proper response here. For example, how long do you intend to keep the loan with one lender.?

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

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The offices were not that expensive and no-one was ever paid. I think there was a trading insolvent issue.

In any case, that was just that company. As far as I am concerned, the product is still a possibility and hope to see something happen in the near future. If not interest free, at least a very reduced rate. People are working on it.

The…[Read more]

hahahaha… Great minds think alike! Beat you buy 14 seconds!

Do me a favour Luci… get over to the Internet Cafe thread and throw some more pearls of wisdom my way. You have some excellent knowledge about a lot of things!!!! I would appreciate ANY good ideas.

The Mortgage Adviser
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You could buy a positive cashflow property for 100k or less which would increase your income. You could then borrow against this property and the new property to do it over and over again each time improving your position. It will take a lot of looking to find the most suitable positive cashflow properties though.

The Mortgage…[Read more]

Assuming there isn’t already lenders operating there, which is unlikely, it should increase demand and property prices as more people could afford to buy property.

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

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Sensational stuff Colin. Thank you for taking the time to write it all.

We will be spending a lot of time on marketing and other promotions. Things like backpacker packages, various add-on services, business services for locals and much more. I know a lot of this stuff has been done but we intend to have an ongoing and regular program to always…[Read more]

GF, you have some serious issues.

When have I called a bank a nice “people”.

It is interesting to see you focus in on one little comment about the clients being ‘nice’. It was provided as background regarding the clients. It may be irrelevant in the strict business sense, but I wouldn’t want to deal with a “mongrel” regardless how much money…[Read more]

You are in for a shock if you think it is YOUR company. Your wife owns half of it at the very least. Probably more!!!

What are your terms by the way? Do you just want the money for FREE and unsecured?

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

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Capital gains are only legitimate to the owner of the land.

Are you suggesting the Government or owners of the land with illegal housing located on it will just give the land to the squatters?

The Mortgage Adviser
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Firstly, I find it very difficult for people who kill defenseless animals and call it sport!

Secondly, I think you will have problems securing a mortgage if most of the properties are illegal.

Finally, it sounds like a third world country or very poorly developed one to say they lease and I can’t see a majority being able to service any…[Read more]