I think this book is very clear. It is about CONTROLLING 1 million dollars worth of property in 12 months using stringent purchasing guidelines.

Can we move on now?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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If the wrap falls over, you re-wrap it. It is diferent to a mortgage.

In your first example, you re-wrap it.

In your second, you re-wrap it.

In your third, they cannot force a sale because they don’t own the property.

In the fourth, you don’t sell it. You re-wrap it. I can’t see costs being higher than market value unless you are referring to…[Read more]

What is fustrating is that insurance policies are forever changing. Exclusion clauses are becoming common-place. Soon, we will see insurance policies that cover everything EXCEPT damage to a property.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Don’t dwell on lost opportunities and don’t listen to those with no idea about what you are doing.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

All the largest National Associations have State based branches. This is an excellent idea as each branch can address State issues and all States can collectively address National issues. SA certainly needs a State based branch!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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I am just trying to work out what the valuers are thinking. Maybe a valuer can tell us?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Just one tip, if you had got an unsecured loan to reduce the principal amount, it would most likely have cost you even more. Good luck with the sale of the proprty.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as…[Read more]

What Monopoly said!

I tried to get away with paying CGT with capital gains from shares by reinvesting profits a few years back. The accountant quickly corrected my error.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be…[Read more]

SMTM,

That is right. Less than 50k per annum does not REQUIRE an ABN.

Regarding this, I have a client who earns in excess of 150k per annum without an ABN and lodges his returns without problem. He explained it when asked by saying if the proceeds are all from capital gains and the income is in your personal name, you do not need one. I still…[Read more]

You make sure you do not have an insurance policy that excludes such disasters. The Government is not obliged to help although they most likely will.

In any case, whether ‘God’ exists or not is always debateable and you could probably get compensated unless the specific disaster is excluded in the policy.

Robert Bou-Hamdan
Mortgage…[Read more]

Ok. It looks like it is all fixed. Please let me know if there are any other problems!

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

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as…[Read more]

As far as I know, you should be able to get the info from the Local Council.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

SMTM,

Where is Minister Kobelke and DOCEP when you actually need them?

That property manager should be shot!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

I suggest you give arbitrage trading A MISS if you don’t have income!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

It may have something to do with the sale price being hiked up to the wrappee. I guess the lenders and valuers think this affects the current market price somehow. I am not an experienced wrapper and I am just thinking out loud!

Like I keep saying, don’t mention the wrap prior to settlement!!!

Robert Bou-Hamdan
Mortgage…[Read more]

Fixed rates are a little different.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Del,

Being “eligible” does not mean you have to take it. I just meant that you could buy a heap of investment properties and then buy one to live in and still be able to get the FHOG for THAT purchase.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general…[Read more]

Originally posted by FW:
I had more than 15 lo doc lenders knock the deal back (or only offer to lend 80% LVR of 80% of the purchase price) because of vendor finance.

Felicity,

I like to read all posts and try to post a response in context. I was just going by YOUR words.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE…[Read more]

You need to be earning more than 50k per annum amongst other requirements.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd

Positive, it is clear that you lurk waiting to pounce on my posts. It seems you are not having much luck.

Regarding stop loss, there is no guarantee with anything. But I would bet on it that setting a stop loss “AT MARKET” when it reaches a trigger will almost certainly guarantee an immediate sale before it hits the bottom of any…[Read more]