I would find out what the highest offer at the auction was and offer just below that amount. Agents must keep a register of all bids made at auction and there is no privacy issues disclosing these amounts. The reason I say offer less than the highest bid is because it could have been the vendor’s bid.

Robert Bou-Hamdan
Mortgage…[Read more]

Did they not give you a reason for the decline?

Maybe it was too many enquiries or a default you don’t know about. Credit Card assessment uses a scoring system that does not discriminate for any a reason. It is just a checklist type assessment.

I would ask their reasons for the decline.

Robert Bou-Hamdan
Mortgage…[Read more]

No worries mate. Thanks for pointing out that I should open my eyes.

What does CRIN stand for?????

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

By the way Derek, maybe you should update some information and add comparison rates. It is against the law to advertise incorrect interest rates and information and not provide comparison rates.

https://www.theinvestorsclub.com.au/MortgageClub/Products.htm

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by Derek:
And finally to Rob, I wonder if your ‘bagging’ has anything to do with the rejection you got from The Club when you expressed a wish to become one of our recognised brokers and the subsequent rejection I sent you in an email around the end of Feb/early March of 2005.

Derek, not at all. I don’t even remember making an…[Read more]

Yes we have. I thought it was settled that property was the far better investment.

What does CRIN stand for???

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Ok gf, you seem to be a little all over the place. I will try and clarify one last time…

I don’t know why big companies don’t take you on right now. Maybe they do not consider you as any real threat. As for me starting up, I was merely trying to point out that ‘ANYONE’ could do what you are doing. It is not a specialised field and it is…[Read more]

Originally posted by upandcoming:
I think you miss the point and I dont think you understand to be honest.I wasnt offered factoring.I was offered it if I comply with their demands.

I don’t think I missed the point at all. You were offered finance that you were unhappy with. You did not make a distinction between factoring and getting a different…[Read more]

Originally posted by upandcoming:
Well I cannot get finance.Maybe because I am of the opinion that my figures speak for themselves.I certainly will not draw up a business plan .So i suppose it is a battle of wills.I could pay 20% and survive.

You told us you were already offered 36% finance. That means you can get it if you want to pay that much.…[Read more]

Originally posted by upandcoming:
I was bankrupt (just ending)18 months ago

What is to stop you going bankrupt again? The bank might be concerned that if you do, they lose everything. I am amazed that they made any offer at all for unsecured credit. This type of credit is usually the hardest to get (excluding credit cards).

At present I have no…[Read more]

Firstly, the financial adviser should receive a very healthy upfront commission and good trail commission from getting you to invest in a property trust. This is also a great long term investment for the adviser. The accountant will also usually receive a kick-back. All this should be disclosed in the documentation provided to you.

Disregarding…[Read more]

Originally posted by Terryw:
Rob, Why do you feel borrowing to pay investment expenses would be illegal?

I don’t think it is illegal. I think “borrowing to pay interest on your investment loans so that you can pay all available cash into your home loan or 100% offset account linked to your home loan” so “this will increase your deductions” is…[Read more]

David, we are going in circles.

I think I have explained enough.

I am happy to discuss another topic with you.

Until then, ciao.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I just think it is a well named real estate agency that holds a lot of seminars to attract a membership base and provides other services like finance and planning. I am yet to see any evidence to the contrary.

I am interested in seeing how many members have actually bought property through them. I bet they have properties in all the usual…[Read more]

Terry, again, this is illegal mate. You cannot deduct interest on interest to help pay off non-deductible debt.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I can settle that right now…

Property is a far better investment than shares!!!

What does CRIN stand for?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I don’t know why those looking for a ‘mentor’ do not just PM or email some of the people in the forum that they would like to ask. Most are a friendly bunch and the worst that could happen is a negative or no response.

I think it is important to have more than one mentor (or person you look to for some guidance) in different areas. A property…[Read more]

Doesn’t it suck how HomeSide stopped doing the intro rates on the low docs? That was the cheapest loan on the market if you used the $300 switch after the intro period back into 6.51% plain and simple (before the recent interest rate increase).

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Foundation, I am not wishing for either. I just want to see impartial commentary regarding what is actually going on instead of a one-sided propaganda fest in this forum from someone with alterior motives.

No, I do not believe one person can change the economy. However, I do believe dmichie is trying to have a further negative impact to obtain…[Read more]

Using a properly structured loan with offset, you could do both. The only way your capacity to rapay your existing mortgage would be reduced is if the interest only repayments and property expenses (after taxation benefits) on your investment property and the additional property you want to buy are more than the interest repayments on the…[Read more]