Nope. They are concentrating on refinances. The documentation is just more difficult with new purchases and you have to have good servicing if you have no history.

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[withstupid]
The forumite formally known as Big Rob

No. They would have to settle when you settle. I don’t know how you would get around the finance issue. I would not do it unless I could afford to settle.

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[withstupid]
The forumite formally known as Big Rob

I haven’t read the whole thread but I don’t think anyone should be concerned. Kiwis have been coming to Australia for years and take Aussie jobs in large numbers so pushing up prices in NZ is pay-back!!!

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[withstupid]
The forumite formally known as Big Rob

You need to sign the contract with your name OR NOMINEE. Also, negotiating the longest settlement possible will help you find a buyer. Regarding the subject to finance clause, you actually have to apply for finance or I believe there could be repercussions.

Selling is merely signing a contract with the eventual buyer who settles on the same day…[Read more]

You CAN use a wrap property to get funds for a new purchase. That is a big problem with shonky wrappers. Also, I don’t know why you would cross-COLLATERALISE in any situation.

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[withstupid]
The forumite formally known as Big Rob

Too much risk – usually short-term tenants.

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[withstupid]
The forumite formally known as Big Rob

As Simon said – the rules have all changed with the introduction of interest free loans. If you can service, IFHL will do that property. They love investors!

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[withstupid]
The forumite formally known as Big Rob

You should have Loan 1 – 40k and Loan 2 – 150k. This should be a simple split and will simplify tax time.

Also, you should not be paying anything on the 150k until you actually use it. I got the impression you were paying interest on this. You should have an offset facility.

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[withstupid]
The forumite…[Read more]

I don’t think my point is mute at all. I think you missed my point. It was not about going out of your way to get the license, it was about having to get one at all!!!

Love is between two people, NOT the Government!

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[withstupid]
The forumite formally known as Big Rob

You click delete and then type in your password and it disappears. Also, if you start a new thread, you can only delete it BEFORE someone responds to it. If they have responded and you want it gone, do what Derek said… Edit the text.

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[withstupid]
The forumite formally known as Big Rob

An ugly or cheap pool devalues a property. Also the costs of maintaining them put off some people. Those with young families may also be put off by drowning issues.

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[withstupid]
The forumite formally known as Big Rob

Henry, firstly, my name is NOT Bob.

Secondly, I am giving qualified information. Why waste your time with a loan that attracts interest when you can get one without any? Nothing compares to it.

I thought Anne was looking to balance a portfolio or reduce expenses. My solution was given.

By the way, if you want mortgage advice, ask admin. I am…[Read more]

I feel special!

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[withstupid]
The forumite formally known as Big Rob

If I can make a suggestion, ask Simon (his area) to attend or to send someone else based in Canberra to the meeting so he can talk to you about finance. Interest Free loans are not restricted to Australia. They can also be written by Australian Agents for properties in NZ, UK and the…[Read more]

It is interesting you suggested the exact things I said I didn’t like.

I consider all those people who think an underlined green word in their post to be an endorsement when this is a commercial website as PETTY!

GET OVER IT!!!

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[withstupid]
The forumite formally known as Big Rob

I thought the boys at Aussie Share Traders would have known all the answers Acey… you are a regular there aren’t you?

I limited my purchase to test out the fund managers and limit my interest cost. I fully intend to stagger income streams every few months so these investments overlap.

Also, the limit without stating an income is $500,000. I…[Read more]

I don’t believe ‘common’ use rights would apply to land. That is why you need good title to settle a property.

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[withstupid]
The forumite formally known as Big Rob

Mini, I disagree with everything you just said. How is an “Investor” supposed to make their investments “fruitful” if they don’t know what is out there???

Following the sheep will only lead you to the slaughter house. Most unsophisticated investors are followers!

I have one policy I try to stick to… if everyone else is doing it, I…[Read more]

Firstly, refinancing most negatively geared properties in Australia into an Interest Free loan would make them positively geared. I would concentrate on this first.

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[withstupid]
The forumite formally known as Big Rob

What do you want to do?

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[withstupid]
The forumite formally known as Big Rob