If you are considering going direct to a bank for a loan, you would be doing yourself a dis-service. The employees can and will only tell you about their own products. This could cost you a fortune in unnecessary interest.

Regarding bank accounts etc, just shop around as there is so much variation between each bank. I am partial to ANZ due to…[Read more]

I am not offended at all.

A lot of people just find my inquisitive nature as offensive. Each to their own. I find the more I ask / question / doubt / challenge (whatever you want to call it), the more I learn.

As for this discussion topic, I can’t comment regarding commercial property as it is not my area of expertise, but regarding coded loans…[Read more]

A 5 bedroom is not excessive to those couples with 4 kids.

As with anything, if there is a demand, there will be a supply. I would not go much more than a 4 bedroom house as an investment though.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I am so over Coogee. I call it ‘The Mini UK’ as a result of all the English, Irish and Scottish that hang around. You have to love the songs on their way home at 3 am or the bins flying and cars being kicked if their team loses in the soccer. How about the shop windows being smashed if they don’t find a girl to take home that night???

By the way,…[Read more]

Hey Acey,

What does CRIN stand for or, more specifically, what does the R stand for? I think I can guess the rest.

Also, am I ever going to be invited to one of these meetings you go to? You still attend the Sydney meetings don’t you?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I actually spoke with an architect regarding getting a home built. The cost seems rather high when they tell you but I believe the benefits will pay off when the property is completed and/or when you sell it. Architecturally designed homes usually attract a higher valuation if the work is quality which enables you to access more equity or just…[Read more]

It was not meant to be a cheap shot. Maybe I should have worded the question better. Do you get PPOR properties and sell them at below market in the same manner you were offering the units? I really want to know.

Cheap shots may come at a later stage dependent on your answer.

Robert Bou-Hamdan
Mortgage…[Read more]

A simple solution to the rental question is to ask for 12 months rental statements. If he screams and shouts or says he doesn’t have any because it was self-managed, ask for bank account statements showing the rent going in. If he does not present these, I would walk away.

Regarding the floor size, for a 1 bedroom unit to be that big, it would…[Read more]

Graham, you chose the word “reaction” but should have used the term ‘response’. This is a discussion forum and posts are the only way to discuss. My mother taught me it was rude not to respond when being spoken to so I respond. You have not stirred me up at all. I am merely ‘responding’.

The red writing was used for ease of navigation in a long…[Read more]

Originally posted by Salubrious:
I get regular listings, the latest to sell were 30 X 2 bed units in “Sydney Metro”, Value 400k sold 280k. These are direct from the bank, we charge a 8% fee per sale price or lead fee, call it what you will.

So I guess the answer to the question is yes, you can! The above properties had to be foreclosed as the…[Read more]

Sorry mate. No can do. Does CRACKER mean anything to you? Either you are telling fibs here or elsewhere David.

http://cracker.com.au/viewthread.aspx?threadid=47542&categoryid=11061

I am happy to deal with anyone that I believe is straight up.

In any case, I only wanted to know what software you were involved with in case it interested me.

Have…[Read more]

Originally posted by Salubrious:
Patience is a virtue Rob, I tell you what, I will give you a clue seeing that you are teething at the dummy Robbie my boy.

I really don’t care mate.

“Staff Rate”………..ooooooohhhhhh stay tuned for more information from the Salubrious, the person who hides behind the cloak of darkness so that he may hide his…[Read more]

And there is a HUGE difference between 100% and 90% loans.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think you are telling a fib David. You are looking for a house with four bedrooms on the North Shore are you not?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I don’t need a fork but would love some PROOF with it.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Settlement Agents are predominantly a WA thing. I would be going to one before signing anything. They give some pretty good tips.

Regarding your loan, I would seek a pre-approval BEFORE signing anything to do with property. Also discuss the location you are looking to purchase in and the property type. Some postcodes are restricted as well as…[Read more]

You can purchase a property subject to DA (Development Approval) in case it is never forthcoming. This allows you to walk away.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by The Mortgage Adviser:
dmichie, is your name David from the North Shore?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Originally posted by Salubrious:
See you sooner rather than later Robbo…..

Is this some kind of veiled threat? Please let me know so I can quake in my boots.

Salubrious, professionals do not make comments regarding an achievement unless they can back it up. This is not considered professional at all.

Regarding you only willing to prove your…[Read more]

Since when did East Redfern become a suburb? That reminds me of the old days when residents called their suburb Bondi Heights to try and give it some exclusivity. I always asked them – “Oh, do you live on the steep hills of Bondi?”. They never liked this question.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links