hmackay, there is one major problem with your theory…

No lender will provide high LVR loans on the inner city glut of units as mortgage insurance won’t touch them. For those not using mortgage insurance, the interest rate is much higher but I cannot see them refinancing at 100% LVR as may be the case here.

The Mortgage…[Read more]

Regarding the giving of advice, a mortgage adviser provides mortgage advice. A financial planner provides financial advice (excluding mortgages). An accountant provides taxation advice. A solicitor provides legal advice…. and so on. None of these individuals can provide ‘specific’ advice in other areas UNLESS they are qualified in multiple…[Read more]

I find bridging loans to have their place. They are good to help you get into that next property if you are ‘certain’ you don’t want the previous one any more (as Richard pointed out) AND you do not have the funds available.

The benefit with them is that you will only be required to service on the ‘end debt’ (what will be left when you sell your…[Read more]

Originally posted by dmichie:
One thing I have learned from successful people is that if you surround yourself with negative people, it will bring you down.
Robert, that is so much psycho-babble. Surrounding yourself with yes men is the surest route to failure. A good dose of skepticism, cynicism and questioning of the conventional wisdom will…[Read more]

The reason I asked if a SMSF could trade covered calls in the US market was because I used to do this and it cost me less than $10 USD per trade through Ameritrade. The market is deep and the choices are numerous. It was difficult to not make money!

The Mortgage Adviser

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A valuation for mortgage purposes usually does come in lower than a standard valuation. However, if the lender you choose does under value the property, you have something strong to fall back on if your own valuation is solid.

As for the LOC, assuming you had other property with sufficient equity, save your money and use a standard loan…[Read more]

If I was a moderator, I would delete everything!!!!!!!!!!!

How annoying would that be?

The Mortgage Adviser

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Originally posted by christobell:
It sounds like a similar situation to me, I bought a lemon from the Investors Club in Alexandria, Sydney 4yrs ago when there were hardly any apartments around Alexandria and then whamo all of a sudden there everywhere. I have tried on a few occasions to sell mine but unsuccessfully. The only saving thing is the…[Read more]

We tried that via email. It never ends with dmichie. Email after email of negative propaganda kept coming. One thing I have learned from successful people is that if you surround yourself with negative people, it will bring you down.

I just find it astounding that anyone would base their whole property purchase strategy on the collapse of an…[Read more]

Are none of the ‘living off equity’ advocates willing to respond to the questions I put forth above?

Have I scared everyone off or can no-one answer sufficiently to support this very restricted use ‘strategy’?

The Mortgage Adviser

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I thought it was a finger stutter!

You can buy in blocks of 1,000. I have also seen less.

The Mortgage Adviser

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Most will do it in specific circumstances. Most won’t because they want to see your ‘hurt money’ put into the deal.

When you say you secured the property ‘off-market’, what do you mean?

If it is from a relative or friend, this falls into the category of ‘advantageous purchase’ and you should have no trouble obtaining 80% of the valuation amount…[Read more]

Big assumption dmichie. Try owning Sydney property in the current market and you will learn something real.

As for people talking positively, these are single posts here and there. It is not a constand bombardment of negativity and articles saying the same thing over and over in different threads. They also post regarding a diverse range of…[Read more]

As Kay says, ‘Google is your friend’!

Everyone goes to realestate.com.au

As for a mentor, I noticed you left us lowly mortgage adviser / brokers off your list. BOO HOO!!!

I really don’t see the need to look for a single mentor who does things one way (and they may be wrong) when there is such a great tool like this website that has hundreds…[Read more]

It happens when a discussion diverges. I think this site just needs stronger moderation from a content perspective to tidy things up but, seeing moderation is voluntary, this is difficult to expect due to the time requirement.

I still like it here and just ignore posts of which I do not like the title or find do not interest me.

The Mortgage…[Read more]

What annoys me about your constant negative posts and apparent excitement at Sydney property prices dropping is that you ignore the fact that everyone who already owns property in Sydney is going to lose big time. For every winner, there is a loser!

Just because you are not currently holding property does not mean you should wish a crash on…[Read more]

If that is not misleading and deceptive conduct, I do not know what is!

Feel free to send me a copy. I would love to see it.

The Mortgage Adviser

http://www.themortgageadviser.com.au

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Come on guys… you got the information from the internet so it must be true. What else do you need?

The Mortgage Adviser

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I opened it to see if it was possible you could post something other than doom and gloom about the economy. I should have known better.

Have fun!!!!

The Mortgage Adviser

http://www.themortgageadviser.com.au

Essential Links Website

WHO CARES!

The Mortgage Adviser

http://www.themortgageadviser.com.au

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