I think the biggest problem with most seminar presenters is that they will not outline the content sufficiently until after they have been paid. What is the point of attending a seminar if you already now what they will teach you.

I know when picking a course, I look closely at the course outline, subject descriptions and qualification that…[Read more]

I am just about to get banned from Someroft AGAIN… I didn’t expect to last the week there. Some people must feel really threatened by my presence for some reason.

I never knew telling it how it is and not treading on eggshells were considered “too aggressive”.

Anyway, it is their loss as far as I am concerned.

The Mortgage…[Read more]

Luke, I don’t think you really want to leave that post up. Buying off the plan is considered in a very low regard.

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

Essential Links

I like to see a deal or two go through first before I refer people. If anything goes wrong, it adversely impacts on my reputation.

He worked very well and had a good reputation in his former position so I am pretty confident he will do well in his new one. Time will tell.

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

Essential Links

It is pretty common place. In one of my retail premises, I am responsible for everything except the floors, walls and ceilings.

In another my family has, the landlord maintains the property but charges much higher rent.

I was referring to as a tenant if it was a bad area.

Just check the current leases to see who is responsible and if the…[Read more]

They are salespeople. It is their job to try and sell to you.

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

Essential Links

Unless you are an active mortgage broker, there is no point purchasing loan comparison software. It is expensive and requires ongoing charges to maintain the updates as things change daily.

What is it you want to do as there may be other alternatives??? – eg: use a broker!

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

Essential Links

There is always the 95% LVR Low Doc but that will cost you around 12% in interest… OUCH!!!

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

Essential Links

A template is not needed. Not many people have enough properties to require it. There is usually space for three or four properties on any application and most people don’t usually refinance more than this in one hit.

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

Essential Links

It is hard to work with someone who is also trying to make as much money from the transaction as you are.

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

Essential Links

The only benefit would be to have early access to properties coming on the market. This might result in conflict of interest issues arising if full disclosure is not forthcoming.

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

Essential Links

Yeah, it is an old ‘strategy’ that has no place for mum and dad investors. I do not see professionals using The Investors Club any time soon due to the off-the-plan crap they are selling right now.

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

Essential Links

One thing that quickly comes to mind is if the area is as bad as you say, what business owners are going to rent your premises? There may be a negative return on this deal.

As for who pays for damage, this is negotiated between the owner and the tenant. In such an area, I would not touch the property unless the owner was to pay AND put bars on…[Read more]

I have had a lot of clients telling me their relationship with ther bank is really good and they get unbeatable discounts. I guess they are not aware of the matching policy many aggregator groups have with the banks.

Also, when I look at their loan documents, I usually find a standard package discount or worse. I explain to them that if you do…[Read more]

Don, it seems that you do your own loans from many of your posts. If you used a good broker, they would tell you that putting money into your non-deductible loan and then drawing it out later for investments when you still have non-deductible debt mixes up your deductible and non-deductible debt. This will potentially cause you headaches at tax…[Read more]

It is simply an attached sheet listing the following…

Property Location, Property Value, Amount Owing, Interest Rate, Monthly Payment.

If you are using them as security, write the address in the location instead of just the suburb & State and don’t include the amount owing, interest rate and monthly payment as this will be accounted for in the…[Read more]

Do you know something that you would like to share???

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

Essential Links

John, the problem with just securing a deal in some States is that ‘subject to finance’ clauses are not standard. I always write them in where required.

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

Essential Links

I don’t think the equitable interest rule applies to all States. Does anyone know the answer to this for sure?

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

Essential Links

There is low doc at 6.76% for 80% LVR and slightly lower for 60% LVR if you borrow more than 250k.

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

Essential Links