Originally posted by MichaelGruber:
Robert,

Now you will need to list the criteria of what defines an “average everyday mum and dad investor”.

Regards
Michael Gruber

Please buy a dictionary. I have better things to do. It is obvious what I mean!

Also, it seems you are taking something personally. I am not interested in getting into a…[Read more]

I am not implying anything about you Michael. I don’t even know who you are.

A “spruiker” is someone who promotes things like investment seminars etc. They would not be considered impartial for a role like the president of the VFA because their interest is financial – ie: to profit from their seminars by more people accepting ‘wraps’. Are you a…[Read more]

You can buy as many properties as you like. As long as you don’t LIVE in it, then you are still eligible for the FHOG.

Go to http://www.mortgagepackaging.com.au/index_files/first_home_owners.htm and then click on your State to read more about the benefits in that State.

The most important words about this are:

“All applicants and/or their…[Read more]

Originally posted by WaySolid:
I like the site and don’t mind Steve making a buck out of it/or covering costs. I won’t be having my words borrowed for this end though.

WOW!

It is impressive that you don’t mind Steve making a buck. I am wondering – would you be here if you were not learning or benefiting somehow and “making a buck” yourself…[Read more]

Flip a coin!

One you will make money on and one you won’t. A more expensive property does not make it a good investment. You can always get the FHOG later anyway. The choice is clear to me!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a general nature and…[Read more]

NO

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

My mistake.

I am not a member so I was just throwing an idea into the pot as no-one else seems to be coming up with any ideas.

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 P…[Read more]

It all depends how much the other properties rent for and their returns whether it will be 7 or 8 to cover or more or less.

Insurance covers you for a period of vacancy. From memory, this was up to 6 months in specific cicumstances.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click…[Read more]

Fecility,

Wraps had everything to do with it. It was the reason for their cautiousness. If you had not told them, you could have got away with a standard 80% Low Doc.

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…[Read more]

I hope you have a decent deposit plus the fees if you want to settle on this property. I don’t know where your unit is situated, but most off the plan units have decreased in value in the last year.

Also, it is the lenders discretion whether they will go on current market value to work out the LVR. If they want to see the ‘hurt money’ and go by…[Read more]

Groova,

I don’t think being a valuer is responsible for your friend’s investments. The lenders will still value the property regardless.

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 M…[Read more]

Paul,

I was referring to a blatant lie by Rick. This goes to honesty and integrity.

A good way to save the VFA is to get someone in charge who is not a “spruiker”. You need your average every day mum or dad investor who is involved with vendor finance to be the figure-head. That way it will give it a more realistic look and feel.

Robert…[Read more]

Hi Andrew,

Basically it works by using the income from your new property to support your ability to repay your debts. Each time you purchase a rented investment property, three things happen:

1. You increase your assets
2. You increase your income
3. You increase your liabilities

Number 1 has to be more than number 3 and number 2 has to be…[Read more]

Use covered calls and covered puts with stop loss orders then!

On a different note, this thread is in support of having a separate SHARES & OTHER INVESTMENTS category.

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…[Read more]

Julia,

That is a bit over the top don’t you think?

When we post here and give advice and link to our websites or promote our contact details, as you also do, it would be considered by many that we are endorsed by PropertyInvesting.com when there are no challenges to what we are saying or doing.

These linking words are very common on the…[Read more]

Yes he can do the lot from Australia.

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 am really sorry about that Chris. I have to get the programmer to change that one. It is beyond my skills. It will take a few days. I never noticed a scroll bar did not appear if your screen was small because the whole thing fits in my screen.

I will let you know as soon as it is done.

Sorry.

Robert Bou-Hamdan
Mortgage…[Read more]

It does not matter how much you know about valuing a property as the lenders will still use their own qualified valuers. You do not need any education in how to value a property to dispute a valuation. All you need to do is show comparable sales that support your case if there are any. A good valuer would have already looked at these.

Robert…[Read more]

There is a new attachment to the site as of today. A downloadable excel-based LINKS page has been included so you can use it separately. It is at http://www.mortgagepackaging.com.au/mp_links.xls

What page or pages are you having trouble with scrolling? Some pages are not very long so there is no need to scroll. Let me know and I will fix it…[Read more]

I still see no benefit in paying interest in advance to decrease tax when you can buy another property or two and increase income. Why lose the use of every dollar when the maximum you can save is 47 cents (if your structure is bad) in each dollar?

By the way, you can have your tax apportioned weekly, fortnightly or monthly so you can use it to…[Read more]