Ok. You just did it a different way to how I outlined it.

It is easier to buy one property there from Australian funds and then use THAT property in NZ to get the depsosits for multiple properties because it will all be inter-country.

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The poster formally known as The Mortgage Adviser

When I grow…[Read more]

GERALDTON GERALDTON GERALDTON

I love the place!!!

I will have to visit one day.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

NO COMMENT!!!

It was a shocker though. That is not the point.

He did not JUST comment on my haircut but my appearance as well which could only go to race as I was clean cut and in an expensive black suit.

With all the media hype that went on, I was promoted as ‘The man with the $100,000 haircut’. That is about how much I lost because the Judge…[Read more]

Sorry property, I do not understand what you are getting at.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

I asked the accountant about hybrid and unit trusts. They do not suit my purpose at the moment.

He suggested unit trusts are predominantly good for when dealing with partners in investments. Likewise, this applied to hybrids.

A group of friends and acquaintances are setting up a buying group in the next few weeks. We will use a unit trust for…[Read more]

It is common for breaking in the first or second year of a 5 year term when the fixed rate is over 7% (also depends on loan size).

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

Positive cashflow and positively geared are the same thing in my opinion. I think you are describing a negative cashflow property (because it costs you money to hold) which becomes positive cashflow when you get your tax return. I would probably call this neutrally geared as it is borderline until after…[Read more]

You get 95% here with LMI and 80% without. Also, you are not treated as an International investor.

What did you mean by “sort of cash there”.

I assume that was ‘short’. Why would he be short of cash if he got the money here and has equity there to use if he needs cash?

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The poster formally known as…[Read more]

WTBnow…

A major point missed is that it is better to use a solicitor.

Regarding your complaint, there is a precedent you can use from the Supreme Court of New South Wales.

The case is Bou-Hamdam v NRMA Insurance Limited and can be viewed…[Read more]

I would tend towards borrowing against your property in Australia to buy the one in NZ if there is enough equity. I would not use a LOC.

Reasons for this…
* LOC is usually more expensive and there may be tax issues
* Australian interest rates are lower
* Cancels out any exchange rate risk on your borrowings (not your rent return)

If and when…[Read more]

Sorry Terry, I will stop now.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

Sorry Way for my inability to be constructive… my intention was to determine which shares were being compared to what type of property.

In any case, you can actually leverage MORE against SHARES. How do I know this? Well, I bought $100,000 worth of shares in November for $0. Ongoing cost is the interest repayment which is slightly higher than…[Read more]

No offence to anyone, but why do so many people from here direct people to Somersoft. Are they not in competition to this site?

I may be biased seeing I got banned from there for being me!

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

I am withdrawing from all standard loans in preparation for interest free stuff. Quiet for me.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

And then take all your income when you leave.

I left because they tried to prevent me giving out software to brokers from other organisations. I created the software but they tried to say it was their property. They must have forgotten that I was a subcontractor.

I guess I was only a subcontractor when it came to tax time and being paid but I…[Read more]

I am just wondering if anyone has found that definition for cross-securitisation yet????

ANYONE????

TERRY?????????

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

Another fact!!!

John Kolenda, former third in charge of Aussie, left and started up in competition.

Aussie reminds me of a ship on fire with the rats abandoning ship.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

They are probably recommending a bridging loan because you would not service the kind of loans Terry is advising. Doing this would force you to sell your home at under market value as the deadline draws near.

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

How long is a piece of string?

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The poster formally known as The Mortgage Adviser

When I grow up, I want to be a Storm Trooper!

Have you ever looked at my website??? Click on the splash page to enter the site and look at the banner at the top… in case no-one noticed, my bi-line is….

“…we’ll REALLY save you!!!”

I am not worried about John or anyone else for that matter. I tell it how I see it without fear of reprisal.

You can not be sued for telling the truth.…[Read more]