Like I said, I am familiar with the case. ‘Unjust Enrichment is a totally different beast to enforceability of ‘time is of the essence’ clauses. The case you mentioned addressed an issue involving ongoing dealings (amongst various other things). This is also very different to a single dealing.

Robert Bou-Hamdan
Mortgage…[Read more]

We are just not interested in shonky deals. If the information is not on a website, I will not be contacting you privately to get it.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by dmichie:
We can’t sell our overpriced houses to the rest of the world.

Actually, a huge number of new properties and specialised properties (the most expensive ones) are sold each year to overseas investors.

Established homes are not sold to overseas investors NOT due to a lack of demand but due to a Government department…[Read more]

The lenders who request this prior to settlement are basically saying they will not do company title. I don’t see the point in such a request. The borrowers can go elsewhere.

By the way, seeing we are divulging all information so people can go direct and not use brokers, St George will do four on one title. It is very common for them subject to…[Read more]

There is absolutely nothing wrong with gearing if it is done well. Regarding the nurse example, I am wondering where she lived while saving and where did you live?

Some people forego saving to live in their dream home or at least something that is their own. There is more to life than the amount of cash being held or profit made.

The way some…[Read more]

My life insurance is deductible. The beneficiary is my company which holds my assets and the company pays for it.

I believe it is invaluable if set correctly. My level of insurance is set (and changes accordingly) to cover all my debts, so my estate receives all the assets debt free, plus an amount that can be invested to receive additional…[Read more]

I think you are missing the point. Your company is ‘legally’ a seperate entity but it is still ‘you’ that runs it. I would assume their concerns lie with ‘you’. Have you tried changing the director and re-applying?

Regarding banks selling their properties, I believe they are doing this because they make more money and obtain greater deductions by…[Read more]

What was your reason for no income?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think it may be an email problem at my end. I have been doing a load of work on a new website and my old website over the last few weeks. My email addresses are all redirections from a hosting company. I have had to change these a few times in the last few weeks and probably lost some emails (not sure). A good way to know if someone receives…[Read more]

I notice the lack of accountants commenting in this structure question in the public arena. Do you think it is because there is so much ‘doubt’ or ‘uncertainty’ regarding its legality?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I have looked at some of the club properties and found them to be in all the usual ‘spruiker’ taunts.

This comment from Derek is also a bit misleading: “The Investors Club doesn’t mark up prices”.

No ‘real estate agent’ selling off-the-plan or new properties marks up prices. They just get a chunky commission on the sale of the property.

Robert…[Read more]

Michael, I just read that you give away 2 free spots and 2 half price. How many people actually attend the $3,500 per head workshop or were you referring to the $55 seminar with 1,200 people? Surely you could run a totally FREE workshop one weekend a year for young investors.

I agree with your comment about learning something at every seminar,…[Read more]

dmichie, are you going to start following me around in an attempt to pick some sort of fight?

I am not going to jump on you. Your views are limited and mean nothing to me. Obviously I mean a lot to you as it seems important for you to have my attention.

This thread is all yours. I am not interested in your biased economic propoganda.

Robert…[Read more]

A very good friend of mine had a nervous break down not so long ago. He disappeared without telling anyone. All we heard was the he was ok but not contactable from his family.

Anyway, when he reappeared 8 months later, it turns out that he went to a ‘farm’ somewhere to recouperate and was advised to declare bankruptcy (poor advice in my opinion)…[Read more]

I agree Kay.

I met someone from this forum a while ago (shall remain nameless) who did the most amazing thing. They were on the verge of bankruptcy and somehow negotiated their way into a single payment to all creditors which, if I remember correctly, was only about 20% of all monies owing. The creditors accepted this as full payment and there…[Read more]

Thank you for your kind assistance brahms.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by kay henry:
Nicely said, brahms.

Would you kindly explain it to me as the ‘bridge’ comment has gone over my head???

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Just to make sure we are on the same page here, are you guys suggesting the following is legitimate?

Assume 7% interest on all loans and no fees…

Loan 1
$200,000 PPOR P&I (Non-Deductible)
$1,330.60 per month

Loan 2
$200,000 IP Interest Only
$1,166.67 per month

Loan 3
$200,000 LOC Limit Interest Only
$6.81 Month 1 (After paying Loan 2 monthly…[Read more]

And how would you mitigate?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think rent is dead money if those paying it do not have other investments.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links