I probably should not say this here, but do you think the property market in Queensland is the best to get into right now if you have cashflow issues?

Have you thought of investing in something like a Property Trust returning about 10% per annum which should cover your interest rate on any loan to fund the investment and still provide you with…[Read more]

Personally, I am waiting to hear whether the property was bought under the guise of ‘advantageous’ purchase. If it was, there is no need to get creative as the solution is simple. What is the point in guessing when hardly any information has been provided?

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

I have never seen it written by those in the industry any other way than LVR and LTV. As it is ‘Loan to Valuation’ and presented as a ‘Ratio’, I believe LVR is the only correct term.

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

Hey freedom, you are working your 80% out on your ‘actual’ equity whereas Steve is showing you your ‘useable’ equity. Lenders work on ‘useable’ which is pegged to the property value itself, not the difference between property value and amount owing.

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

Adding to what Simon said, you might not even need a Low Doc loan or you might need a No Doc or Non-Conforming loan instead. Every situation is different.

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

Thanks for the info Richard. I may need it sooner than later.

I am a bit concerned that publicly airing my opinions regarding companies and individuals who I consider shonky will result in various problems for me. These include, but a not limited to:

1. Legal action, which does not concern me except for the time wasted beating them.
2. Being…[Read more]

That seems to be how many of the standard real estate agents operate who sell off-the-plan properties. Like I said initially, ‘The Investors Club’ just registered a catchy name and combined it with clever marketing to the less experienced investors.

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

You can email any of the brokers here who would be very helpful or you could email me on the details below. I do not process loans however I do give referrals if you need someone to help you more than the informaiton I provide in the emails.

Have a great day.

Please note, I will be away for the night so my response will not arrive until tomorrow…[Read more]

PS: I would be interested in attending a Sydney group as well but most people are too scared to invite me… Maybe they just don’t like me!!!

Anyway, there is one organised through this forum but it is ‘controlled’ by a highly strung share trader who prevents those who disagree with him from attending. I don’t know the value of such a group but…[Read more]

Legals – Around $500 – $1,000 for a conveyancer… $800 plus for a solicitor. More than $1,500 is a rip off on standard property

Mortgage Registration – Less than $100 in all States and paid to the State Revenue Office. The lender will take care of it out of settlement funds when they register the mortgage on your property.

Building Inspection -…[Read more]

A few reasons why I would never touch Tassie include the decreasing population, lack of employment and the weather. If these are negative at commencement of doing your due diligence, there is no point looking further.

Young people want to get out because it is boring and older people move North because it is too cold. Large companies do not set…[Read more]

Originally posted by vicgirl:
…if living off the equity means I have to sell after 10-15 years, I’ll still have some cash in the bank,

If you need to live off equity, you would not have any cash in the bank and if you are forced to sell because you run out of equity, you would have very little cash left after the sale.

The Mortgage…[Read more]

You should diversify your portfolio in case your area becomes unfavourable.

This can be done through buying in different areas, countries or different property classes (eg: some commercial).

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website NEW LINKS & NEW FORMAT

You must have missed my other posts.

I am no longer a mortgage ‘broker’. I have decided to only advise people as to their structuring, product selection and interest rates. I do this for free here and other forums and enjoy it so I decided to set up my own website for others needing my assistance or for those who just want second opinions. This…[Read more]

Oh, the links!!!

You mean my ‘FREE services’ helping people with their loan structuring. I never ask anyone to pay me anything or to buy anything. I make some money through people visiting my website and some other money if someone asks me for a referral which is paid by the broker I refer to (fully disclosed of course).

How does this relate to…[Read more]

You know we belong together…
You and I forever and ever…
No matter where you are…
You’re my guiding star…

Sorry, the Home and Away tune had to be done!

I personally buy anywhere the numbers are right. If I bought where I live, I would be broke! I live in Sydney.

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

Absolutely… I would have commented otherwise! ))

They are some good cash-flow increasing ideas.

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

Originally posted by dmichie:
I’ll leave it for other readers to decide which of us has more of a vested interest in the health of the property market.

You obviously do. You have purely selfish reasons.

Unless you are from another planet or just looking around the forum with your one eye closed (as usual), you would know that I no longer write…[Read more]

In your situation, I would not use a bridging loan unless serviceability was the issue. If you can service the additional debt, it gives you a lot of time to sell your QLD residence. An example (assuming a 500k purchase price in VIC) is below…

Loan 1: $94,000
Loan 2: $125,000 interest only variable loan
Loan 3: $400,000 interest only variable…[Read more]

Maybe look elsewhere. TAS prices increased at ridiculous levels due to some current affairs show stories and this was unsustainable. People from the mainland saw the lower prices in comparison to other areas (where there is actually a demand for property) and they pushed the prices through the roof when they snapped them up. I think the market in…[Read more]