I beg to differ Nat.

YOU SAID…

How can you possibly talk about “Duty of Care” and then reccomend a product that is under investigation by ASIC….do you value your Finacial Advisor status in any way??…or does it more reflect the fact that being a “registered”Finacial Advsior really does not mean much??

Either way I can’t belive you have…[Read more]

Also in addition to my last post, it is interesting that those giving Derivex the benefit of the doubt have no problem providing their personal and business contact details while those so opposed to it hide behind their screens under protection of anonymity in case they are shown to be wrong.

If you are wrong, you can just dwindle away into…[Read more]

Nat, I don’t know why you only post negative comments attacking people’s opinions which differ from yours. Bryce is looking at a product that may or may not come out and comparing them. I consider this prudent.

Just because something is “under investigation” does not mean anything. For your information, ASIC’s enquiries were not regarding the…[Read more]

A lot of research about whether an area will grow is common sense. I like to look at things like crime rates, the type of dwellings being constructed (ie, if lots of units, I stay away), what industries are located in the area, employment rates, how many private schools and public schools exist, housing commission levels, restaurants, nightclubs,…[Read more]

Terry, if you obtained a receipt for this expense, why would it differ to paying for a building inspection or independent valuation?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I don’t know who you are but it is interesting that you joined the forum today to post that. In any case, it is old news.

Have a nice day.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

The problem with teaming up with your son is that you will have to service the complete debt on properties you own with him if you want to buy more yourself later and he will have to service the complete debt on properties he owns with you if he wants to buy something himself later. This is on top of any liabilities you already own yourself.

Then…[Read more]

Derek,

What you are outlining is very different to what Terry described. Also, there was no mention of ATO private rulings or cash bonds. This changes a lot and is certainly not something for mum and dad investors to be able to do without paying large fees to someone like The Investor’s Club for the support they need to pull it off.

I would be…[Read more]

Marvin, you are a champion!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Sadaam Hussein had plenty of money. So did Osama Bin Laden. Pol Pot also had a stack of cash.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Only a small percentage of lawyers make good money. Most of them earn below $70,000 a year. Using that income with suitable gearing will definately improve anyones situation. Some diversity across different asset classes will also reduce any risk.

I think Matt is on a great thing. Good stuff!

Robert Bou-Hamdan
Mortgage…[Read more]

Hi Cameron,

What is the minimum loan amount for that rate and are there any ongoing or annual fees?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Hi Derek,

You may be able to clear something up.

Terry has outlined a scenario (which he says The Investor’s Club advocates) that involves purchasing numerous properties and borrowing on the equity (if any) to fund lifestyle, supplement income and pay interest on loans or capitalise interest.

I don’t believe he was referring to using equity to…[Read more]

Hi Matt R.

Are you associated with Nat R in any way?

She is also up your way.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

You could improve your cashflow position for one thing. I think it is a form 2036 you have to lodge with the ATO…
http://www.ato.gov.au/corporate/content.asp?doc=/content/43572.htm&pc=001/001/007&mnu=5356&mfp=001&st=nn&cy=1

Confirm this with an accountant.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor…

SIS, I do not dispute using equity for investments when serviceability is evident. My issue is with using it for lifestyle, income and to make repayments on other loans. If anyone has to do this, they could not service the loans so they should not be borrowing more. The biggest problem is with capitalising interest which is just…[Read more]

It is a cost of doing busines so it is.

Did you know that property fees are not enforceable in some States as the person selling a property or dealing with it must be licensed. I have seen this happen in Queensland.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think I have bipolar sometimes or maybe it is that I am a Gemini with a split personality. Who will ever know???

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I wish people would make the distinction clearer between using equity for further investment property purchases and using equity to fund a lifestyle or income. One is good and one is just plain stupidity unless it is to get you out of trouble short-term.

Also, if you need to borrow money to repay interest, in my opinion, you should stop buying…[Read more]

Great! I hope it all works out for you both.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links