Options are an advanced and high risk strategy best left to more experienced investors. Wait until you have much more experience and can afford to lose your whole investment before attempting these.

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

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Comments made are of a general…[Read more]

You ask the Council for their development plans and what restrictions are on your land.

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

They can NOT pull the loan!

Also, a wrap does not have to be disclosed if it was not in existence at settlement. If it came into existence later, as is always the case, so what if you tell the lender? They have no recourse at all if repayments are being made and title is still in the name of the borrower so they have lost nothing.

Robert…[Read more]

A tip or buying business that sell produts such as a retail outlet…

Always ask to look at the past few years PURCHASES!!!

Sales figues can be boosted in the months before selling a business by getting family and friends to come in. Purchases are harder to forge as receipts would need to be created. Sales figures can be determined from looking…[Read more]

The ‘Cash Flow Positive Calculator’ does NOT allow for currency exchange risk. You may find that you could be buying a negative property especially if our dollar increases or the Canadian decreases.

Good luck!

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a…[Read more]

Terry,

I think most people would find it pretty hard finding a second mortgage that exceeds 80% LVR.

Felicity,

Don’t present the deal to the lenders as a ‘Wrap’ and you will have no problems. Also, 80% LVR is pretty standard for low-doc. Were you saying 80% OF 80% being 64% LVR of the purchase price or was that a typo? I have never heard this…[Read more]

Or find a National firm who can undertake the work in all States for you.

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

Sorry Phil. I had a long day that day I posted. I will shout you a drink when we next meet to make it up to you!

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

When you say “rare”, what are you referring to? Is it heritage listed or something similar?

If so, you will have great difficulty getting substantial finance.

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…[Read more]

Best CURE for a hangover is to start drinking again!

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

You are not allowed to advertise for other people’s money unless you are licensed and you offer a Product Disclosure Statement.

If you can afford to “buy” people’s money, why don’t you just borrow your own?

Robert Bou-Hamdan
Mortgage Adviser

http://www.mortgagepackaging.com.au

FREE Finance-Related Newsletter – Click Here

Comments made are of a…[Read more]

It is interesting you say that Sooshie…

I thought I would check out the websites this week that a lot of people keep saying they can’t find anything on. In my first search and on the first page, I found a suitable property. I made an offer the next day when the agent responded to my email and following telephone discussions with the Local…[Read more]

Terry, yes you did. Thank you very much for it. That is why I am so hesitant about paying for the wrap packs unless it is NSW specific information that I need.

So if Rick lies about something like that, what else does he lie about? Does that not indicate he is not a trustworthy guy?

Robert Bou-Hamdan
Mortgage…[Read more]

Maybe you should have used a better mortgage broker. Total costs are supposed to be discussed before proceeding. For brokers based in NSW (like myself) and I believe those in VIC, we have to get a Finance Brokers Contract signed by the borrower before submitting an application. This will set out what we are offering to do for you and what costs…[Read more]

Always a pleasure!!!

[biggrin][biggrin][biggrin]

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

Sorry Terry,

I am talking from a buyer’s point of view. I am trying to include taking control of properties on Lease Options in my property investing strategies so I can organise something during the ‘lease’ period and then exercise the option when I have a satisfactory profitable move in place.

I have already bought two properties on a wrap for…[Read more]

And a borrower would have to be silly to sign such a clause!!!

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 talking about Agents calling you to inform you of new properties on the market. They will never call!

Why would they want to wait for years to get a commission? Doesn’t the agreement expire in 3 months anyway leaving them helpless if there is not a signed sales contract as would occur with a lease option until the option is…[Read more]

$1,800?????

I feel rorted! I was told more than $2,500!

Can you let me know if you find a cheaper pack that also contains information pertaining to NSW?

Maybe we could get a group discount?

Maybe Steve’s ears a pricking up and he can see a demand for the latest addition to his product offerings – A Lease Option Pack… preferably for a few…[Read more]

Oh yeah, is it possible to be able to subscribe to a whole category instead of just single threads within that category? I don’t know about anyone else, but I would find this very useful.

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]