Your savings should be offsetting your home loan preferably in an offset account while you decide.

You have plenty of equity available to utilise for investing when you find something suitable while still leaving your non-deductible interest expense at a very low level until you decide to get rid of it.

Robert Bou-Hamdan
Mortgage…[Read more]

Mark, I used Al Capone as an example of someone who was convicted of a far lesser crime than that of which they were guilty seeing you think it is ok to be a criminal if the dollar amount is relatively small when you actually get caught. I was not comparing Rivkin to Capone in any other way.

Robert Bou-Hamdan
Mortgage…[Read more]

I don’t think it has anything to do with the lender’s decision. I think it is based around the over-supply of units from builders like Meriton, etc. This is the main reason lenders (and mortgage insurers) reacted the way they did. They made a common-sense decision as far as I am concerned.

Most people do not know that they will have trouble…[Read more]

Terry,

I said the following…

“It related to capitalising interest on investments to reduce non-deductible debt (amongst other matters).”

This meant that it addressed the issue of capitalising interest AS WELL AS many other issues.

You said…

“On the other hand, a finding that there was no other purpose of incurring a loss or outgoing than…[Read more]

Terry, do you not think it is important to only borrow what you can service comfortably?

Unless you are always taking the more expensive asset lends (that do not require an income declaration and are usually restricted to 60% LVR) which would not be enough to live on the equity if you never pay down the debt, then you are doing 80% LVR low docs…[Read more]

Originally posted by Nehal:
you guys are right,

look i am 15 years old, and i dont know how i got into investing..

thank you

Nehal Rajan Singh

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

The wording of the information you provided could result in 7 days to settle if you do not exchange until the 21st day. 6 weeks (42 days) is standard from exchange until settlement. Whatever you negotiate is up to you.

I am interested in the “conditional accepted offer”. Regarding real estate in Australia, nothing is official until exchange so it…[Read more]

A financial adviser cannot give advise on anything they are not qualified to give advise on. To give ‘PROFESSIONAL’ advice requires adhering to regulatory requirements and is very different to providing ‘GENERAL’ advice in a forum like this. Anyone can give general advice but people go to planners and advisers for professional advice.

I have…[Read more]

Terry, they cannot service that level of debt mate.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

In defence of agents, properties prices and demand are flat. My understanding of exclusive agency agreements does not prevent you from selling the property yourself. If you feel you could do a better job as you stated, go for it. As long as it is not someone introduced to the property by the agent, I believe they have no recourse. Check your…[Read more]

Terry, no offence intended but that plan is the most ridiculous thing I have ever heard!!!!!!!!

Two main issues arise…

1. What if the property prices do not “double” in value over the 7 years?

2. Never paying down any debt or not covering the interest expense results in negative equity each year and would prevent you buying the 7 properties…[Read more]

Try this link…

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

Look under the RESEARCH heading and you will find the information you are looking for by following the various links provided.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think you answered your own question when you said you are happy renting. Buying an investment property might be the way to go.

Regarding the FHOG and stamp duty benefits, these may be stopped at any time so no-one knows for sure if they will be there later. You could always buy an investment property and live in it for 6 months and then go…[Read more]

Just on Caroline Byrne, did you know the chauffeur found her body at the bottom of the gap? Who goes looking at the bottom of the gap for a missing partner????

Also, has anyone made the link between the suspicious fire and the Qantas share issue? Guess who Trevor Kennedy worked for!

Robert Bou-Hamdan
Mortgage…[Read more]

Terry,

Hart’s case was not about a specific product or situation. It related to capitalising interest on investments to reduce non-deductible debt (amongst other matters). This was deemed to be illegal. The whole point was to stop people claim more back in tax than they were legally entitled to.

The distinction must be made that capitalising…[Read more]

Terry, MSE is actually 6.75% over 300k.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Sorry Terry, I am not one who likes to provide the name of a lender in a public forum on a regular basis. All this does is take business away from mortgage brokers as readers think they can do it all themselves but then come back to the broker when things go bad and expect them to clean up the mess.

Robert Bou-Hamdan
Mortgage…[Read more]

Just on the topic of lenders’ opinions of CBD apartments, it is a very good guide to investors. Lenders began reducing the LVR on apartments back in 2003 and look what has happened since then. They spend millions of dollars a year on research to protect their loan books so it might follow that they know more than your average every day…[Read more]

I would love to see him get a loan at age 15.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I think I should clarify my comment about thinking poorly of the guy in life as it seems people do not realise what Rivkin actually did through his life. He was eventually convicted on a small matter like Al Capone was convicted of tax evasion instead of the many more serious crimes he committed. This does not mean he made only the one…[Read more]