I can’t see your question. Regarding your 100% loan, there is nothing wrong with using them if they help you achieve your desired results.

The Mortgage Adviser
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Even in that situation, the majority of the $23,000 is a principal repayment which does not belong to the the individual. It has to be repaid to the lender. It is still ludicrous!

The Mortgage Adviser
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Most lenders will use the return on the annuity. They just won’t consider the principal as income.

These guys are saying taking 100k out of your LOC and buy a cash-bond and then the lender will consider you as having 100k income. This is ludicrous.

The Mortgage Adviser
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Surrey, they are arguing that the portion of capital growth you don’t take makes it worthwhile. Those who do not work in finance do not realise that your ‘real’ equity is not your ‘useable’ equity.

In any case, my arguments against this ‘structure’ were in response to Terry’s example of ‘living off equity’ and spending on non-deductible personal…[Read more]

Hard to find. I am stating what ‘I’ would do. I have no intention of advising others I do not know in this area but I am more than happy to help with loan structuring, rates and product advice. Sorry about that. If you do the wrong thing, I get in trouble.

Look them up on Google. There should be a few there.

The Mortgage…[Read more]

Show them the following in simple terms…

Assume you are in the highest tax bracket (48.5%) and earn $100,000 per annum and all other things being equal…

Paying MORE interest:

Pay $1 in interest today.
Deduct $1 in interest tomorrow.
Your taxable income has changed from $100,000 to $99,999.
* $51,500 Net from $100,000 taxable income
*…[Read more]

I would pay off the PPOR and invest the remainder at 2% per month in mortgage-backed private funding. I would also borrow the maximum against the PPOR and invest this money in the same type of investment. From the cashflow, I would buy into various shares using ‘dollar-cost averaging’ techniques and buy positively geared investments to further…[Read more]

Originally posted by dmichie:
Of course, but you can’t tell me a lot of your (former) business isn’t people buying new properties.

I don’t know about anyone else, but I chose to work as a mortgage broker because when prices are going up, people buy. When prices are going down or not moving, people refinance and consolidate. There is some impact…[Read more]

Originally posted by hmackay:
I tried to purchase more thru the Club but no one at the club seemed interested.

I don’t believe The Investors Club would ever knock you back when wanting to buy a property. Are we talking about the same ‘Club’? Did you call your ‘Support Member’?

The Mortgage Adviser
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What about ACTIN?

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

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Jeff, there is no healthy discussion when you use the demeaning “Can you see that?” comments even after asked not to. I think I have proven my point that this ‘strategy’ is extremely restrictive in it’s use. No more repetition is needed.

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

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dmichie, have you heard of refinancing and debt consolidation?

Have you not seen flows of funds moving from property to the stock market when prices flatten or decrease?

There are still people making money out there because they open their other eye and look for ways to make money whichever ways markets are moving at the time.

The Mortgage…[Read more]

<edited>

I have read many of his articles.Is he not ‘spruiking’ his business in a different way to the ‘spruikers’ he so despises? He appeals to the less sophisticated sheep among us.

How can someone who puts so much <edited: rubbish> on real estate agents be considered a consumer advocate when his main business is a real estate agent? Is it a…[Read more]

I have posted the figures for year by year… TWICE! Check the other thread.

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

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There are many negative effects of taxing the ‘rich’ to help the ‘poor’. It is a shame that a lot of people forget about the extensive study and many years of hard work to become rich. I can assure you that if my taxes go up to keep people on welfare, I will be moving a lot of my business off shore.

Hey Robin Hood (dmichie), what are your views…[Read more]

dmichie, I don’t go for the net geek ‘shouting’ rubbish. Using caps is merely an attempt to emphasise a point you kept missing (or chose to ignore). Get over it!

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

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My friends make this comment all the time – “Don’t worry about it… it is deductible!”. It is so frustrating!!!

I always respond with the usual comment – “Why pay one dollar today to get half, if that, back tomorrow?”

They still don’t get it.

Definately look at the cost of moving your loan but it is very prudent to regularly look at your loan…[Read more]

residential can go up to 106%. If it is classified commercial, it might be as little as 65%. Mixed use is the best.

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

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That is an excellent idea!!!!

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

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Why are you paying for improvements on a unit that is not complete yet? I did not think improvements would be needed on a brand new unit.

Anyway, I would not put much weight in the listing price by the developers at $253,000. They tend to have access to suckers who purchase through organisations like The Investors Club and others.

If you list…[Read more]