Hi Scott,

It is good to be back.

Regarding Derivex, I have psoted before but the information keeps getting deleted as people get very heated when discussing this topic.

As far as I know, there is not much happening and it seems that Derivex is waiting for the outcome of the ASIC investigation before continuing. As I am no longer involved, I…[Read more]

Estate planning is not one of my strong points as I do not have kids. I merely have everything insured so no debt is left if I die and there is a chunk of money left over as well as all unencumbered assets. Everything I own just goes to my de facto until I need to make a more specific will. I was under the impression this is also supported by…[Read more]

Just regarding saving up for a new deposit, or anything else, when you have non-deductible debt like your home mortgage, you would be better served putting all the money into the loan if it has redraw or an offset account and the loan is interest only. This not only lets you save money but also reduces how much you are paying out in interest…[Read more]

I think it is a disgrace that the TV news is reporting the death as “Disgraced stockbroker Rene Rivkin found dead”. As much as I thought poorly of the guy in life, he has died and should be shown the respect that anyone else should also be provided with. His family are the only ones who will be hurt by the media comments and they have done nothing…[Read more]

There are numerous links to various sites that may help you at the following website…

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

It is often updated so check back every now and then.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Spidey, you are right about needing more information but it is difficult to keep asking for the information that is required. If this is done, it would take a week of posting ping pong before a complete answer can be provided.

This is why many of my posts are qualified or are provided as examples of specific scenarios and often end with “speak to…[Read more]

I am interested to know…

Why do you have to pay strate fees when you are buying a block of land?

Why do you have seperate savings when you have a non-deductible mortgage?

Why is your variable loan more expensive than your fixed loan?

Assuming you can service all debts, I would build the house asap. That way you will have another income much…[Read more]

I have not read the newsletter but it sounds like it means that Steve does not favour redrawing funds from equity held in properties to fund your lifestyle. If this is what he meant, I agree.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

It has nothing to do with volume and price. The margin lenders assess the actual companies and assign a risk-weighting to them. These often change.

You will find that most available shares are blue-chips or large organisations. Have a look at Commonwealth Securities for a good explanation with…[Read more]

Like I said in another post, most of the information contained in those packs is freely available to those who go looking. That is way too much money!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

That is good to know in the current market with a lot of people considering necking themselves after the downturn in the market.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I didn’t think you could use the Public Trustee unless you were dead and had no appointed Trustee.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

I still don’t know the point of the LOC other than to be stylish but you seem sold on the idea. Good luck with it all.

By the way, I think your accountant is wrong telling you to put money into an IP when you will have debts against your PPOR. But hey, what do I know??? I am a lowly mortgage adviser!

Robert Bou-Hamdan
Mortgage…[Read more]

You can claim a deduction on the interest if you like but you will pay tax on the income. It balances it out.

Negative gearing just relates to earning less from an investment than it costs you to hold on to. Usually a negatively geared investment will show the best return from capital growth which is not impacted by taxation until you sell the…[Read more]

Just like any normal sale as far as I am concerned. Usually the property goes to auction and sells at the highest bid on the day.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Why would you sell in a flat market and rent when it is a fantastic buyer’s market? Renting only “saves” money when there is an investment property costing more than the rent in repayments and deductions make it more profitable or it helps increase cash flow.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

There is a huge oversupply and borrowing against them is difficult in most cases. Prices have dropped recently yet more are coming onto the market.

People may argue that rental yields are up but I believe it is a direct result of lack of affordability to purchase by those renting. This will eventually turn around.

You can’t go wrong buying a…[Read more]

Yeah, I think that ever since his fall from grace, it has hurt him emotionally and mentally.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

My first comment would be to stay away from CBD apartments.

I would then ask which CBD you are looking at that has 6% yield??? I know it is definately not Sydney.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links

Great idea. I will add some if I find any good ones.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

Investor Links