There is a Brisbane Investors Club. Click on search in the menu at the top left of the screen under forum boards.

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

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Yes, you can borrow 95% plus capitalise the mortgage insurance to 97%. You can borrow 97% straight up. You can take 100% finance or you can get up to 106%. 100% attracts higher interest rates than normal with 106% higher again.

Some lenders used to do even higher.

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

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Thank you to everyone for the ideas so far. There are some really good things to think about.

As for the question about start-up capital, it is basically the fit-out, some stock and ongoing expenses such as rent for the premises and leasing the equipment (about 20k worth over 3 years).

Hopefully some local area marketing and promotions will…[Read more]

Thanks Dan. I will look forward to you popping in. Hopefully we are up and running in three weeks so I will let you know.

Luci, thanks for that info. Some good things to think about. Just regarding my reference to ‘retail business’, I was referring to just the internet cafe. With regards to the ‘online business’, that was about selling other…[Read more]

What I am getting at is that asking for $20,000 (10% of property value) would mean you need another 20k and the fees to stay out of mortgage insurance territory. If you have the minimum genuine savings requirement of 3% or 5% (depending on product taken), you could possibly borrow the rest if you can service the loan from the lender and the vendor…[Read more]

Thanks Dan.

Welcome to the dark side of posting publicly!!!

I have included the hosting service, skype on all computers and I think some of your other suggestions (eg: digital printing when we can afford the printer – only B&W and Laser Colour to start off).

I love the idea for tuition / courses. Will definately do something there. Also, I hope…[Read more]

Hi Steve,

We are very limited by space.

We are already implementing 19″ monitors, webcam and headset for tele-conferencing, PC Gaming, modern clean designed shop with no wires all over the place and tourist support services (lots of backpackers).

Still looking for that differentiation WOW factor though.

The Mortgage…[Read more]

There is a definate glut of internet cafes in the CBD, that is for sure. I thought supporting the retail business with an online business would make it profitable.

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

Essential Links

Yes you can. 4-5% is healthy growth especially in the current market and with the yields you outlined.

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

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Do you really need to ask?

They look fine to me.

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

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As far as I am concerned, if the contracts are exchanged and there is no cooling off period, all you have to do is what is in the contract. Any letters additional to the contract are not enforceable. Any problems should have been identified during a pest and building inspection prior to signing the contracts.

The Mortgage…[Read more]

It would definately be a pay for use service. I think Dodo would do that to market their internet access services. The shop will be in Sydney NSW.

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

Essential Links

dmichie, there is nothing wrong with having a negative economic outlook. I just find being negative in general is distracting. A positive person, like myself, does not mean we believe the economy is just peachey all the time. We tend to look through the doom and gloom and try to find the diamonds…

The Mortgage…[Read more]

It is always a good time to buy!

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

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Hi Kit,

There is an ok search function at the top of the page under the ‘Forum Boards’ link in the menu on the left.

To subscribe to topics, you need to press the little ENVELOPE at the bottom of each thread.

Although these features can be improved, and I believe the search function is being done according to the newsletter, I hope this info…[Read more]

I know a Financial Planner that would probably head down and see you from Sydney but in this day and age, most things can be done over the phone, internet and fax. Email me if you want the planner’s details.

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

Essential Links

Prady, I think you should make an appointment with a mortgage adviser / broker and discuss your personal situation in depth so you can absorb the knowledge pretty quickly. There is a lot of information to take in and with so many different responses coming, I think it will only confuse you more than anything.

If you are in Melbourne, give Steve a…[Read more]

Prior to legal action, I would write to the neighbour asking them if it is a financial concern that is delaying them. If it is, I would offer to pay for the fence as long as they agreed, in writing, to repay their portion at a rate affordable to them. They may be just embarrassed to tell you they cannot afford it.

If they are just unfavourable…[Read more]

I won’t advise you what to do as I do not know your personal situation. Renting can be better than living in your own home sometimes if you buy an investment property instead. There are a lot of options.

The difference in LMI in terms of dollars will be around 3 or 4 thousand dollars on a 350k home. It increases exponentially. It could be more or…[Read more]

It can be very daunting going through it alone. That is also why I suggested a mortgage adviser in the other thread. If they are there, willing and able to help at no cost to you, you could just meet with them and learn.

It is very hard to learn from books in Aus as things change very quickly and by the time a book comes out, many things have…[Read more]