Jay, I changed accountants a few months back and have not discussed this situation with the new accountant. I will get onto it for sure. I will be paying zero tax next year!!!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

You have to borrow the cash and use that.

By the way, what is the property value. People mistakenly think that the value of their home less the amount owing on a loan is what they have as available equity. This is not the case.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Mortgage insurance waivers on 95% LVR loans usually only apply to professionals starting out in their field fresh out of university. I have never heard of one being provided to an experienced operator. The idea is to give them a start in their career.

I think you will either have to pay the mortgage insurance or pay a higher interest rate with…[Read more]

I think he was using the Train Station PLUS a Westfield policy. It is pretty hard to go wrong in this situation. Even with the numerous units going into Hornsby, I still think this is a good area to look at.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think your biggest problem is the amount of deposit you need. Unless you have substantial cash behind you, there is no real point looking for a longer loan term. In answer to your question though, there are lenders who will consider longer than 15 years. The deal has to be pretty strong though.

Robert Bou-Hamdan
Mortgage…[Read more]

I should have chosen my words better… I mean that there is no contract regarding property dealings unless it is evidenced in writing. I guess the court considered the scrap bit of paper as sufficient evidence in writing.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Those books you mention emphasise my point. There is no chapter included that tells readers how the sucker title of the book got them to buy it and that is how the author is getting rich.

Does Resiwealth hold an AFSL Licence or are you a Financial Planner? What qualifications do you or your organisation hold to provide wealth creation…[Read more]

Everything has its place. The idea is to have a balanced portfolio that enables continued growth across all sectors. Have some in property, some in shares, some in cash, etc…

There is an old saying…

Don’t put all your eggs in one basket!!!

This is especially true when investing.

Having said that, there is also the ability to diversify…[Read more]

Your post outlines the benefits of using a mortgage adviser / broker. All the majors offer good ‘profesional packs’. The main feature linked to these is the discounted rate linked to the loan amount.

The usually bells and whistles are included such as offset, credit card and discounts on related products such as insurance.

Any decent mortgage…[Read more]

Bank valuations do sometimes come in above market value but your should be happy that yours came in at purchase price in the current market. Often, even when the bank believes a property is worth more than what you paid for it, they will not tell you in case you want more money. This reduces their risk exposure by keeping your LVR as low as…[Read more]

I would like to know why he is not being sued by all those he attacks.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I have been advised that I cannot claim anything on my land until I actually build the investment property. I have not pursued it since. If this is wrong, I will be very upset as I am owed a stack of deductible interest.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I am just not a fan of anyone who calls investment information a ‘secret’. It implies that by attending a seminar or buying a book that they will be provided with such increbile information that no-one else has (except the millions who buy the book or attend the seminar) which they can then go out and get rich in a week.

When was the last time…[Read more]

There are heaps of places to get free info…

http://www.mortgagepackaging.com.au/index_files/hot_links.htm

Contacting Councils or their websites is also a great benefit.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I have done no work with the forum and the chat room though. I think this would have been a greater benefit if I concentrated my efforts there but it is too late now.

The most popular page is the links page at http://www.mortgagepackaging.com.au/index_files/hot_links.htm. It gets bombarded.

Also popular is the tools & calculators page with heaps…[Read more]

It looks like the new Jenman website is up and running. I have been told that these guys are interested in any adverse stories about Jenman.

http://jenman.biz/

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Hey, there is a company starting a website very soon with the sole purpose of discrediting Neil Jenman. They have gone to court a few times and won against the loony.

I will let you know when it is live.

I am not affiliated with the website or the company in any way.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Which bank is it?

Most can re-issue documents in a day with corrections and it is a simple matter of going in to their office and signing them to save on postage days wasted.

There should be no serviceability restraints as the wife is not working.

Regardig the tax question, I am not certain of this regarding the loan side but the property…[Read more]

My ex-girlfriend came from Campbelltown from a family living in Housing Commissions so I got to know the area pretty well. Some of the things I saw were pretty dis-heartening.

Having said that, take a drive through the South Coogee or South Maroubra / Malabar Housing Commission areas and it is the same thing. Did you know that South Coogee had…[Read more]

Yes it does but I am in the process of winding it down.

Why do you ask?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links