Which CBD? Hopefully not Sydney… there are plenty vacant!

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In defence of agents, if they waited for everyone who said they will get back to them when finance is approved, they would never sell anything. Why did you not just put in an offer subject to finance approval?

As for the agent not telling you who bought the unit, I would be disappointed if she did. It is a breach of the Privacy Act to divulge…[Read more]

Originally posted by Dazzling:
My Banker is very prompt and attentive, fantastic on the small details on the loans and is able to swing me better rates than what any broker can do.

Why don’t you test us and tell us the lender and interest rate. Anyone can offer a great rate when your lending is substantial and low risk.

As everyone knows, the…[Read more]

They used to have this and also allow images to be placed in posts before they took them away because I used them and, as usual, people complained. Hopefully, they will come back. I would much prefer some colour in my life than boring black text all the time.

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I have done various calculated scenarios. It only works with large equity positions and low LVRs unless the funds are for investment. You won’t live long if you ‘live off equity’.

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Don’t worry about a bank relationship. The market is too competitive and you will find yourself moving around a lot as they beat each other’s products.

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Well, one would assume it is at settlement seeing it is a tax on the sale price. This may change during the term of a wrap if the wrappee does not buy sooner rather than later.

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Watch out for that Simon bloke. I think he took a bullet or two to the head. He is a bit loopy!!!! )))

PS: Give us a cuddle!!!

The Mortgage Adviser
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The idea behind putting the money in the offset is to offer a good return on this money. If investment is intended, the idea is to obtain another interest only loan against the available equity in the property and use that. The cash would still be sitting in offset for a rainy day.

Also, leaving it in your offset would mean your deductions can be…[Read more]

Click on ‘search’ in the ‘forum boards’ menu at the top left of the screen and type in “bird dog” or “spotter”. You will find a lot of information.

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Options are certainly not common and many vendors are unsophisticated investors who will not want to know about them. You will also need to consider being licensed in some States to onsell real estate if it is not your own.

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Sounds familiar!

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cute, why do you not contact one of the many mortgage brokers here and give them your figures so they can advise you properly. Everything you are being told is not worth anything without the figures. You might need a low doc or you might not. Who can tell without the numbers???

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Originally posted by Ibuycashflow:
Rob, the example we are discussing specified 10% growth and that is all I am explaining.

The question put to you had changed to tougher times and I found your “I am good and pick investments that will continue to grow at sustainable levels” response as inadequate.

In reality you would not draw down anything on…[Read more]

If you purchase before the US Dollar increases, your purchase price will be less and rental return will be greater in Australian dollars so, if it is positively geared, your net position will be better (if you transfer funds to AUS). This also works in reverse. Transferring funds also costs money.

The Mortgage…[Read more]

Think of the bright side chris…

If it keeps dropping in value and the rent stays the same, it may become positive cashflow!!!!!

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Jeff, how do you draw down 50% of negative growth?

What do you live on in the negative growth years?

Just trying to beat averages does not mean it will happen year in and year out for you!

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Your website is useful. Did the spiel work?

I might add one to my indiscreet signature!!! ))

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This is funny. Another great advertisement for using a mortgage adviser / broker!!! ))

You should send the money to your solicitor. If you put the vendors name on it and the amount is too much, you will have a nightmare getting it back. The solicitor will hold the money in trust on your behalf and only disburse what the vendor is entitled to. If…[Read more]

I don’t like it. You look naked!

Put them back up so I can pick up your posts easier!

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